How long does it take to form a Wyoming LLC?

Standard processing takes 3-5 business days. Expedited filing is available for 24-hour processing.

Do I need a US address to form an LLC?

No, you can use a registered agent service that provides a Wyoming address. This is included in most formation packages.

Can I open a US bank account without visiting?

Yes, many non-residents open online business bank accounts with Mercury, Relay, or Wise without visiting the US.

What are the annual fees for a Wyoming LLC?

Wyoming requires a $60-100 annual report fee and approximately $25-50 for registered agent service.

Is Wyoming LLC good for non-residents?

Yes, Wyoming offers the best combination of privacy, asset protection, low fees, and no state tax for non-resident LLC owners.

Relay vs Wise Business for Wyoming LLC

Choosing between Relay and Wise Business is a critical decision for your Wyoming LLC. As a non-US resident, you need a bank that understands international founders and offers the features your business requires. Relay is a modern digital banking solution that Businesses needing multiple accounts and team expense management. Wise Business, on the other hand, International businesses, e-commerce sellers, and businesses with global clients. Both banks serve Wyoming LLCs, but their approaches and requirements differ significantly. Before opening an account, ensure you have completed your tax obligations and obtained an Stripe account.

Relay vs Wise Business: Feature Comparison

Feature	Relay	Wise Business
Monthly Fee	$0 (Pro: $30/month)	$0 (One-time $31 setup)
Minimum Deposit	$0	$0
ATM Access	No ATM card on free plan	Wise Card available
Approval Time	1-2 business days	2-5 business days
Best For	Businesses needing multiple accounts and team expense management	International businesses, e-commerce sellers, and businesses with global clients
Virtual Cards	No	No
API Access	No	No
International Transfers	Limited	Yes

*Fees and features subject to change. Verify current terms on each bank's website before applying.

Requirements for Non-Residents

Both banks require specific documentation for non-resident Wyoming LLC owners. Having these prepared will speed up your application:

✓US LLC Formation: Your Wyoming LLC must be fully formed with EIN for non-residents completed.
✓EIN (Employer Identification Number): Required for all US business bank accounts. We can help you obtain an EIN as a non-resident.
✓Valid Passport: International passport for identity verification.
✓US Business Address: A legitimate US address for your LLC.
✓Operating Agreement: Your LLC's operating agreement showing ownership structure.
✓Business Description: Clear explanation of your business activities.

How to Apply for Either Account

Form Your Wyoming LLC

First, form your Wyoming LLC with a registered agent service.

Obtain Your EIN

Apply for an EIN without an SSN.

Gather Documentation

Collect your passport, LLC formation documents, operating agreement, EIN confirmation, and proof of address.

Complete Online Application

Visit the bank's website and complete their online application. Upload all required documents clearly.

Verification and Approval

Wait for verification. Relay typically takes 1-2 business days, while Wise Business takes 2-5 business days.

Fund Your Account

Once approved, fund your account with the minimum deposit and start banking.

Pros and Cons Comparison

Relay Pros

Up to 20 checking accounts
20 physical/virtual cards
Detailed permission controls
QuickBooks/Xero integration
No minimum balance

Relay Cons

No ATM card on free plan
Limited international features
Pro plan needed for best features
No interest on deposits
No cash deposit capability

Wise Business Pros

Multi-currency holding
Local bank details in 9+ countries
Real exchange rates
Low international fees
Available in 160+ countries

Wise Business Cons

Not a full US bank
Limited US banking features
No check writing
No cash deposits
Setup fee applies

Our Recommendation for Non-Residents

Choose the bank that aligns with your business needs

For most non-resident Wyoming LLC owners, we recommend Relay as the primary choice because digital banks are more accommodating to international founders without US residency. Relay offers Businesses needing multiple accounts and team expense management.

Consider your banking requirements, transaction volumes, and whether you need payment processing integrations.

Frequently Asked Questions

Which is better for non-residents: Relay or Wise Business?

For non-residents with a Wyoming LLC, Relay is generally more accessible while Wise Business offers Multi-currency Accounts and Local Bank Details. Both require an EIN and US LLC.

Can I open Relay or Wise Business without an SSN?

Yes, both Relay and Wise Business accept applications from non-residents with an ITIN or just passport + EIN for most digital banks. Traditional banks may require an SSN.

What are the fees for Relay vs Wise Business?

Relay charges $0 (Pro: $30/month) monthly with $0 minimum deposit. Wise Business charges $0 (One-time $31 setup) with $0 minimum.

How long does approval take for each?

Relay typically takes 1-2 business days, while Wise Business takes 2-5 business days. Digital banks are generally faster than traditional banks.