Companies in Wyoming

Wyoming is one of the smallest states in terms of population (about 930 thousand people), but promising in terms of investment activity. The legislation of this jurisdiction stimulates the influx of foreign investors, which has a positive effect on the economy.

Registration of companies in Wyoming - reliable protection of assets 

The vast majority of foreign investors consider this jurisdiction in terms of providing opportunities and economic instruments to protect capital from penalties from counterparties, as well as government agencies.

There is no capital gains tax in Wyoming for companies incorporated in the country as non-residents. This means that once a firm has been entered into the state corporate register, increases in share capital or shareholder income are tax-free.

In addition, the characteristics of the fiscal system of jurisdiction include the following provisions:

• For non-residents of the country, there is no obligation to pay income tax.
• A single corporate income tax rate of 4% is applied. This figure is lower than in any other state in the country.
• The jurisdiction receives high incomes through the sale of mining rights - oil and gas.
• Private farms specializing in the production of food products for personal consumption are exempt from taxes.
• The real estate tax rate is average - with a market price of real estate in the state of $200,000, the owner will pay the state about $1,100 a year.

Company in Wyoming - forms of doing business

Investors monitoring offshore jurisdictions always stop at Wyoming. This is due to the wide variety of forms of doing business. Firms can register in the form:

1. Private investment funds.
2. Ordinary partnerships.
3. Limited liability companies.
4. Corporations with foreign participation.

In the state, an LLC or a limited liability company can be considered a profitable form of creating a company. This is due to the fact that in this jurisdiction the legal rules governing the activities of such an organizational structure were adopted earlier than in any other state. The key advantages of an LLC are as follows:

• It is now possible to open a company in Wyoming without paying the minimum amount of authorized capital.
• Full confidentiality of business owners. It is possible to use the service of nominee directors and shareholders.
• At the time of submission of documents to the registration authorities, an individual Operating Agreement is drawn up. This is a form established by state law, which reflects information about all the real owners of the company, their authorized share. However, this information is not published in open sources, which ensures a reliable level of confidentiality for foreign investors.
• When creating a company in the form of an LLC, the founders must open an account with one of the local banks. The number of corporate accounts is not limited. All information relating to interbank capital transfers is strictly classified and is not disclosed to counterparties or third parties.
• To open a company, 1 director and a shareholder is enough. There are no formal requirements for their residency.
• If we are talking about using the company as an investment vehicle without doing business in the state, then the company is exempt from reporting to the Wyoming fiscal authorities.

Opening a company in Wyoming with Positive Invest is practical and profitable

For foreign investors, the state administration offers preferential terms for moving a company from other jurisdictions to Wyoming. The initial amount of the registration fee varies depending on the authorized capital of the company. However, in the next reporting period, the founders of the firm will pay an annual fee of $50. This is the minimum rate that is used exclusively in the territory of this state.

When transferring a company from one jurisdiction to Wyoming, the investor will receive the following benefits:

• The company's opening date is saved. Only its jurisdiction changes.
• The registration numbers of the company remain unchanged. This does not include the obligation to go through the re-documentation process in order to resume business in Wyoming.
• The investor gets access to the world's largest stock exchanges, as well as the opportunity to increase capital due to the zero-tax rate on gross profit gains.
• Foreign assets are not transferred to the Wyoming company. The investor does not risk being directly affected by a number of federal laws that tax capital gains.

At the time of filling out the tax return, the subject of taxation independently determines for himself the regime that will be applied to account for the income of the corporation. In Wyoming, it is possible for a company to obtain the status of a "Disregarded entity". This is a unique form of doing business, in which the gross profit of its owner is recognized as the income of the company. Thus, if investments are made by shareholders or counterparties who are registered outside the United States, then the company is officially recognized as a non-resident, which allows it to conduct business without a tax burden.

The specialists of the company Positive Invest will take on the responsibility for the full support of the procedure for registering a company in the territory of this jurisdiction. Depending on the form of investment activity, the optimal organizational structure of the enterprise will be selected, annual fees in favor of the state will be calculated, and taxation will be optimized, which is represented in this jurisdiction by the exclusive obligation of companies with foreign participation to pay 4% of income received in Wyoming.