Wyoming LLC from Bangladesh: US LLC or UK Ltd Guide

Why Bangladeshi founders form a US LLC or UK Ltd

The main reason is Stripe. Bangladesh does not appear anywhere on Stripe's global availability page, not even in the extended network Stripe uses for some African countries. A business based in Bangladesh therefore cannot open a Stripe account for a Bangladeshi entity. A US or UK company can apply to Stripe in its own country.

The founders who look at this route are mostly software and design freelancers with foreign clients, SaaS and app builders who need card checkout, and e-commerce sellers targeting US or UK buyers. If your clients already pay you through a freelance marketplace or by bank transfer, you may not need a foreign company at all; it adds yearly filings in another country.

What payment providers say about Bangladesh

Stripe

For a US company, Stripe says registered businesses must be registered in the US, even if you operate in another country, and verifies the legal name, entity type, EIN and a physical business address. Non-US owners give their local non-US tax ID and documents, which for most Bangladeshi founders means their Bangladeshi taxpayer number (TIN). A US LLC owned from Bangladesh may be eligible; Stripe decides.

PayPal

PayPal runs a Bangladesh site, but the pages we could load do not say whether an account registered in Bangladesh can receive payments. PayPal's user agreement, as published on its Nigeria site, says the ability to receive payments varies by country or region and can be checked by logging in. Confirm your own account's features before you rely on PayPal, and never use an account opened in another person's name.

Payoneer

Payoneer runs a Bengali-language site that describes receiving funds and withdrawing to a local bank account, but it does not set out Bangladesh-specific terms. Its sign-up FAQ says it cannot support direct registrations from select countries and territories, so check the sign-up flow for your case.

Wise and Mercury

Bangladesh is not on Wise's list of countries where you can hold money, so you cannot keep a personal Wise balance while living in Bangladesh. Mercury lists Bangladesh on its prohibited countries page. Revolut Business's eligible countries of residence for US and UK companies do not include Bangladesh either.

The US LLC route from Bangladesh

A Bangladeshi citizen living in Bangladesh can own 100% of a US LLC with no US visit. See the US LLC for non-residents guide for the general rules.

1. Choose a state. Wyoming charges $100 to file ($102.40 online) and at least $60 for each annual report. New Mexico charges $50 with no annual report fee in its LLC Act. Delaware charges $110 plus an annual LLC tax of $400 from the 2026 tax year. Our state comparison goes further.
2. Appoint a registered agent with a physical address in that state, and file the formation document.
3. Apply for an EIN. The IRS online form needs an SSN or ITIN and a US principal place of business, so you apply by fax (304-707-9471 from outside the US), mail, or the international line 267-941-1099, per the Form SS-4 instructions. The line is open 6:00 a.m. to 11:00 p.m. Eastern time on weekdays, roughly late afternoon to the next morning in Dhaka. The EIN is free; our EIN application service handles the SS-4.
4. Apply to payment providers with your formation document, EIN letter, passport and a real business address.
5. File Form 5472 every year. A foreign-owned single-member LLC files Form 5472 with a pro forma Form 1120, even with no income, by 15 April for a calendar year (15 October with Form 7004), by fax or mail. The penalty for not filing is $25,000 per form, and your capital contributions are reportable.

You do not need an ITIN to form the LLC or get the EIN (EIN vs ITIN), and US LLCs no longer file BOI reports (BOI report 2026). Whether you owe US income tax depends on whether the LLC has a US trade or business, which a US tax professional should assess.

The UK Ltd route from Bangladesh

A Bangladeshi resident can be the director and sole shareholder of a UK private limited company; directors do not need to live in the UK, but the company needs a UK registered office.

• Identity verification: before incorporation, each director verifies with Companies House. GOV.UK One Login accepts a biometric passport from any country, so a Bangladeshi passport with a chip works in the GOV.UK ID Check app. It is free and you do it yourself; we do not verify on your behalf. Without a chip passport, the remaining routes are a UK Post Office visit or an Authorised Corporate Service Provider.
• Registered office: it must be a physical UK address, not a PO box, where HMRC letters such as your UTR can be received and scanned.
• Fees and filings: £100 to incorporate online, £50 a year for the confirmation statement, and accounts plus a Company Tax Return within 12 months of each period end, filed with commercial software.
• Banking: Tide asks for a UK mobile number and a UK app store device, and Revolut's list excludes Bangladesh, so a UK Ltd does not solve banking by itself.

Read UK company formation for non-residents for the full process, or weigh both routes on UK Ltd vs US LLC.

Bangladesh-side rules: Bangladesh Bank and tax

Owning a company abroad does not take you outside Bangladeshi law. We only point to what we could confirm on official sites; for the detail, speak to your bank's foreign exchange desk and a Bangladeshi adviser.

Bangladesh Bank circulars

Bangladesh Bank issues foreign exchange rules as circulars. Its circulars page lists several that are directly relevant to founders:

• FEPD Circular No. 22 of 22 July 2025, "Foreign exchange transactions by freelancers/individual service exporters";
• FEPD Circular No. 23 of 22 July 2025, "Enhancement of Exporter's Retention Quota (ERQ)";
• FEID Circular No. 2 of 27 March 2025, "Establishment of legal entities abroad".

We could not open the full text of these circulars, so we do not summarize what they require. The titles show the three questions to raise with your bank: how income you receive as a service exporter must be brought in and held, how much you may keep in foreign currency, and what approval or reporting applies when a Bangladesh resident sets up a company abroad. Settle the last point before you send money to form or fund a US LLC or UK Ltd.

Tax in Bangladesh

Whether you are tax resident in Bangladesh, how profits of a foreign company you own are taxed in your hands, and how to show the company in your return are questions for a Bangladeshi tax adviser. We have not verified these rules from the National Board of Revenue, so we do not state them here.

Common mistakes Bangladeshi founders make

• Forming a US LLC for Mercury, then finding Bangladesh on Mercury's prohibited list.
• Sending formation money abroad without asking the bank what Bangladesh Bank rules require.
• Using a registered agent address as the business address with Stripe.
• Skipping Form 5472 because the LLC had no sales.
• Buying a "verified" PayPal or Stripe account opened by someone else.
• Forming a UK Ltd without a plan for how HMRC letters will reach you.

Official costs at a glance

Government fees only. Our service fees are on the pricing page.

Try the US LLC or UK Ltd quiz, check deadlines in the compliance deadline calendar, and see how it works and our security page.

Sources

• Stripe: Global availability
• Stripe Support: Requirements for having a US Stripe account
• Stripe Support: Business representative and owner tax ID requirements for US companies
• PayPal: Bangladesh home page
• PayPal: User Agreement (Nigeria site)
• Payoneer: Bengali home page
• Payoneer: Signing up to Payoneer FAQ
• Wise Help: Where do I need to live to hold money with Wise?
• Mercury: Prohibited countries
• Revolut Business: Eligible countries of residence
• Wyoming Secretary of State: Business fees
• New Mexico Statutes: Section 53-19-63, fees
• Delaware Division of Corporations: Fee schedule (August 2026)
• Delaware Division of Corporations: LLC, LP and GP tax instructions
• IRS: Get an employer identification number
• IRS: Instructions for Form SS-4
• IRS: Instructions for Form 5472
• GOV.UK: Appoint directors and a company secretary
• GOV.UK: Verify your identity for Companies House
• GOV.UK: Company address
• GOV.UK: Companies House fees
• GOV.UK: Company Tax Returns
• Tide: Can I apply from abroad?
• Bangladesh Bank: Circulars

Fees, deadlines and rules on this page were last checked on 27 September 2026.