Incorporate in Wyoming
Wyoming is one of the best states to register a business. There are many reasons for that. Above everything, Wyoming has the most business friendly environmanet.
Advantages of Registering a Business in Wyoming
Business friendly environment
Wyoming offers one of the most business friendly environments in the US.
Wyoming has no VAT, no occupation tax, no franshise tax, no inventory tax, no personal state income tax, and no corporate state income tax.
Low cost of incorporation
Comparatively speaking, registering and maintaining a business in Wyoming is one of the cheapest among other states. LLCs, for e.g., are expected to pay an annual fee of $60 to the Secretary of State starting from the beginning of the second year.
Great for online businesses
Wyoming is well-known for being the home for internet-based businesses, most of which don’t have any physical connection to the state.
Growing opportunities in: travel industry, agriculture, fishing, forestry, manufacturing, logistics, wholesale and retail trade. The mineral extraction industry and travel and tourism sector are the main drivers behind Wyoming’s economy.
Owners are not disclosed
As of 2016, Wyoming does not require the beneficial owners of LLCs to be disclosed in the filing.
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