From Bangladesh · South Asia
For Bangladeshi founders who need US card payments, a US contracting party or a company for US platforms. Formation and the EIN happen remotely, without an SSN. Mercury and Wise's USD accounts won't serve founders who live here, and Bangladesh Bank and the NBR have rules of their own, set out below in order.
Launch + Wyoming filing; the tax return is separate.Checked by Saais Patel, compliance reviewer.
At a glance
Mercury doesn't open for founders living in Bangladesh, and Wise gives no USD account details there. Try Payoneer.
The banks, in detailYou can form a US LLC while living in Bangladesh, without an SSN or a US visit. Launch starts at $351.40 in Wyoming, including our plan and state filing fee. Mercury and Wise's USD accounts won't serve founders who live here, and paying for a company abroad needs Bangladesh Bank's permission. Since March 2025, a general permission covers up to USD 10,000 through your bank. Plan the bank and the money first.
Watch
Thinking of a US LLC while living in Bangladesh? Here's the honest version, stop by stop: whether a freelancer even needs one, Bangladesh Bank's permission to set up a company abroad (the March 2025 route through your own bank), Wyoming or Delaware, the EIN without an SSN, the bank problem, bringing the money home, and what the NBR and the IRS expect every year.
Before you form
Wyoming LLC
Owner-run business that needs Stripe or a US contracting party; plan the bank first.
Delaware C-Corp
Raising from investors who want shares; check Bangladesh Bank's startup route first.
Both charges are the state's, before our plan, optional services and your advisers' fees. Wyoming sets a minimum yearly charge, and Delaware's franchise tax depends on how it's calculated. Staff, stock or premises in another state can bring obligations there. An S-corporation isn't an option, because nonresident aliens can't hold its shares.
Prepare the information
You don't need a Bangladeshi company or a trade licence to form a US LLC. Your bank and the NBR need their own papers, on the Bangladeshi side. The EIN is the US company's tax ID, and it doesn't replace your TIN. Send identity documents through a secure request, and only the ones asked for.
How it works
The state approves the company, the IRS issues the EIN and each provider approves its own account. In Bangladesh, your bank applies Bangladesh Bank's rules and your tax adviser handles the NBR; we don't file either.
You, your bank and your tax adviser
Decide how you'll pay for the company within Bangladesh Bank's rules, how you'll be paid for your own work, and whether you need a US company at all.
You leave this stage with: A funding and payment plan that fits Bangladesh's rules.
You choose; BaseAcross checks
We check the proposed name and provide the registered agent in the formation state. The registered office is for legal papers, not your operating address.
You leave this stage with: Confirmed filing details and a registered agent.
BaseAcross files; the state approves
We submit the formation filing and send you the state's documents once it's approved. The company exists from that approval.
You leave this stage with: State-approved formation documents.
BaseAcross
We draft the LLC Operating Agreement or corporate bylaws. Check every name and share against your passport before you sign.
You leave this stage with: Operating documents for your records, your bank and US providers.
BaseAcross prepares; the IRS issues
The EIN is a separate application after formation. Without an SSN or ITIN, it goes on Form SS-4 rather than the IRS's online tool.
You leave this stage with: The IRS's EIN confirmation once it's issued.
You apply; the providers review
Start with Payoneer, since Mercury won't open for you and Wise won't give you USD account details. Use the same names, addresses and business description everywhere.
You leave this stage with: An approved account, if a provider accepts the application.
You, your US preparer and your tax adviser
Record every payment between you and the company, and what it was for. Put Form 5472, your NBR return and any Bangladesh Bank report on one calendar.
You leave this stage with: A yearly calendar with someone responsible for each filing.
Plan the wait
Published service estimates and prerequisites for a Wyoming company from Bangladesh
These are service estimates and Bangladesh Bank's deadlines, not promised completion dates. The IRS, your bank and each provider set their own processing times. Names or addresses that differ between documents slow every stage.
What it costs
Charged in US dollars, with the Wyoming state fee passed on at cost. Where you live changes which bank we introduce you to, not the price.
What a Wyoming LLC costs from Bangladesh, line by line, and what to budget for outside our plans.
Included in both plans
The registered agent renews with the plan. Operate adds its published business tools and bookkeeping. Neither plan files your tax returns in either country.
Launch
To start, before optional extras
$351.40
OperateBilled yearly
To start, before optional extras
$2,490.40
Optional extras are priced before you order, such as filing ahead of our next batch for $39. See full pricing.
$149 service fee / year
Optional on both plans. The state's charge is separate, and a reminder alone doesn't file the report.
State filing serviceArrange separately
You or your accountant handle Form 5472 and any other US returns on Launch and Operate. Ask the preparer for their scope and fee.
Federal filing responsibilitiesQuote from your tax adviser
Your return, the statement of assets and liabilities and any review of where the company is resident depend on your circumstances.
Only under the startup permission
Bangladesh Bank asks for the company's audited accounts every year. Get an auditor's quote before you rely on the permission.
Published in full pricing
Check domain renewals and when Launch's email, phone and site trials end. Operate includes its stated tools while subscribed.
Plans, trials and add-onsThe $309 Launch renewal example is the $249 plan renewal plus Wyoming's $60 minimum license tax. Wyoming charges the greater of that minimum or 0.0002 of the company's assets located and employed in the state, and paying online can add a processor fee. The Operate example uses the same minimum.
Prices are in US dollars. Paying from Bangladesh, ask your bank first. A card allows up to USD 300 an online transaction, and paying for a company abroad falls under Bangladesh Bank's startup permission.
Use the first-year cost calculator to compare plans and optional tools. Then add your tax adviser's fees, US return preparation, bank charges and any audit to that budget.
Launch
To start
$351.40
$249 our fee + $102.40 Wyoming fee
Renews from $309 a year
OperateBilled yearly
To start
$2,490.40
$2,388 our fee + $102.40 Wyoming fee
Renews from $2,448 a year
Included in both plans
What changes because you live here
1 of 4: The tax treaty
The tax treaty
The United States and Bangladesh have an income tax treaty in force.
It caps US withholding on interest and royalties paid to you at 10%, and on dividends at 15%, or 10% at the treaty's direct-holding rate. Pay for work you do in Bangladesh is generally not US-source income in the first place, so the treaty matters less for a services business.
Money and Bangladesh Bank
These come from the Foreign Exchange Regulation Act, Bangladesh Bank's circulars and the Income Tax Act, and they run alongside the US steps below. Read them before you order, because they decide how the company is paid for and how you get paid.
You and your bank
Paying for a company or property abroad needs Bangladesh Bank's permission. The startup permission of March 2025 lets your bank send up to USD 10,000 for one company abroad, from your own money rather than a loan. Your bank has to be satisfied the business is innovative, viable and linked to bringing money back to Bangladesh.
You and your card's bank
Cards issued in Bangladesh allow online payments of up to USD 300 a transaction, within your unused yearly travel quota plus USD 1,000. Paying to set up a company is an investment, so ask your bank before you rely on a card.
Your bank, for Bangladesh Bank
Your bank reports the company within a month of its formation, and no later than six months after the money left. Every year you send a report through your bank, and the company's audited accounts within three months of its year end. Money you don't use comes back to Bangladesh.
Your bank in Bangladesh
As a freelancer you can receive it on electronic evidence of the work, without Form C up to USD 20,000 a payment. You can keep up to 50% of ICT earnings, or 30% for other services, in a dollar retention account (ERQ). The rest is paid in Taka.
You and your tax adviser
Bangladesh Bank says export earnings kept abroad in any form, including foreign accounts, breach the Foreign Exchange Regulation Act. Agree with your adviser how much the company keeps in the US and what comes home.
You and your tax adviser
Freelancing income is exempt until 30 June 2027 if all the business's income, spending and investment go through bank transfers. You still file a return, with your assets abroad in it, and the statement of assets and liabilities.
Worked example
Whether pay from your own company counts as freelancing for the tax exemption is a question for your adviser. If it doesn't, your bank deducts tax at source.
Your US company pays you USD 3,000 for software work you did in Bangladesh, through your bank.
That's under USD 20,000, so your bank credits it on your contract and invoice, without Form C.
You can keep up to 50% in your dollar retention account, which is USD 1,500. The other USD 1,500 is paid in Taka.
The company records a USD 3,000 payment to its owner for services, which belongs on its Form 5472.
Balances in a dollar retention account can pay bona fide costs abroad, such as software, domains, hosting and travel. Ask your bank which costs of the US company it will allow.
What Bangladesh expects
Bangladesh taxes its residents on income from anywhere. Freelancing income is exempt until 30 June 2027 if the business runs wholly through bank transfers, but you still file a return that lists your assets abroad. Bangladesh Bank's rules decide how money moves between you and the company.
Paying for property or a company abroad needs Bangladesh Bank's permission. Since March 2025, a general permission lets your bank send up to USD 10,000 to set up one company abroad. The business has to be innovative and linked to bringing money back to Bangladesh, and you report to Bangladesh Bank every year.
Banks credit freelancers' foreign earnings on electronic evidence of the work. You can keep up to half of ICT earnings in a dollar retention account, and the rest is paid in Taka. Earnings kept in an account abroad breach the foreign exchange law.
As a resident you're taxed on income from anywhere. You're resident after 183 days in Bangladesh in the income year, or after 90 days if you spent 365 days there over the four years before.
Income from freelancing, content creation and listed IT services is exempt until 30 June 2027. The condition is that all the business's income, spending and investment go through bank transfers. You still file a return, and it lists your assets abroad.
Bangladesh's tax law counts a company formed abroad as a company, and treats it as resident if its control and management is wholly in Bangladesh. A US company one founder runs entirely from Bangladesh should have a tax adviser look at this early.
On the record
We form US companies. We aren't Bangladeshi tax advisers. These are the rules as they're generally published, they change, and how they apply to you depends on details this page can't know. Take this list to a tax adviser in Bangladesh before you order, and we'll tell you what the US forms need.
After formation
A US LLC with one foreign owner is usually a disregarded entity that files Form 5472 with a pro forma Form 1120 when it has reportable transactions with you. Money you put in, take out or are paid for your work can count even in a year without sales. The IRS penalty for not filing starts at $25,000.
For a calendar-year company, the return is usually due 15 April, and Form 7004 requests an extension before then. A C-Corp, or an LLC with more than one owner, files different returns.
Form 5472 and the pro forma 1120Keep the registered agent active and track the state's yearly charge. In Bangladesh, your return covers income from anywhere and lists your assets abroad. If you used the startup permission, Bangladesh Bank also needs a yearly report and the company's audited accounts.
US-created companies are exempt from BOI reporting under FinCEN's current rule, effective 14 August 2026. Banks and payment providers still verify who owns the company.
| Task | Who handles it | Where the responsibility ends |
|---|---|---|
| Formation and EIN application | BaseAcross prepares and submits | The state approves formation; the IRS issues the EIN. |
| Bank and payment applications | You, with our guidance | The provider verifies the information and decides. |
| Money sent abroad and Bangladesh Bank reports | You and your bank | Your bank applies Bangladesh Bank's rules; we don't file its reports. |
| Annual state filing | You, or our optional filing service | Reminders are included; managed filing and the state charge are separate. |
| US federal returns | You and your US tax preparer | Launch and Operate remind you; they don't file the return. |
| NBR return and Bangladeshi tax | You and your tax adviser | We provide the US company records they need. |
Prepare the conversation
Bring the owners, where each lives for tax, the business activity, how the company will be paid for and how money will move between you. Agree who prepares each filing in Bangladesh and in the US.
Download the checklist for your tax adviser (.txt)Should I send money from Bangladesh under Bangladesh Bank's startup permission, or should the company fund itself from its own revenue?
If I use the startup permission, who prepares the yearly report and the company's audited accounts, and what will they cost?
Does pay from my own US company count as freelancing for the Sixth Schedule exemption, and how do I keep every transaction through bank transfers?
Could the company's control and management be treated as wholly in Bangladesh, making it resident here?
How do I show the company, its bank account and my share of it in my return and statement of assets?
How should money the company holds in the US be treated under the rule against keeping export earnings abroad?
Can I claim credit here for any US tax under the treaty, and how should I keep records for both returns?
Questions
If yours is not here, email us at hello@baseacross.com before you order.
Yes, as far as US law goes. It doesn't require an LLC's owners to be US citizens or residents, and formation, the EIN and the bank applications all happen remotely. On the Bangladeshi side, Bangladesh Bank's rules on payments abroad and the NBR's rules on income apply. Owning a US company doesn't give you a US visa.
Paying for a company abroad needs it, under the Foreign Exchange Regulation Act. Since March 2025, a general permission lets your bank send up to USD 10,000 to set up one company abroad, without a separate application to Bangladesh Bank. Your bank has to be satisfied the business is innovative, viable and linked to bringing money back to Bangladesh.
You apply through your bank, with money of your own rather than a loan. Your bank reports the company to Bangladesh Bank within a month of its formation, and no later than six months after the money left. Every year you send a report and the company's audited accounts, and money you don't use comes back.
Cards issued in Bangladesh allow online payments of up to USD 300 a transaction, within your yearly card entitlement. Paying to set up a company abroad is also an investment under Bangladesh Bank's rules. Ask your bank about the startup permission before you pay.
Not necessarily. Banks credit freelancers' foreign payments on electronic evidence, such as contracts, invoices or platform statements. You can keep up to half of ICT earnings in a dollar retention account. A US company is for Stripe, US contracts and platforms that need one.
It's exempt until 30 June 2027 under the Income Tax Act's Sixth Schedule, which the Finance Act 2026 widened to all freelancing and content creation. All the business's income, spending and investment have to go through bank transfers. You still file a return, because exempt income doesn't remove that duty.
Launch starts at $351.40: $249 for the plan plus $102.40 for the Wyoming filing. The plan and Wyoming's minimum yearly charge then total $309 a year. Your tax adviser's fees, US return preparation, bank charges in Bangladesh and any audit Bangladesh Bank asks for are separate. Wyoming's license tax can be more than its $60 minimum.
A Wyoming LLC usually suits an owner-run business selling to customers abroad. A Delaware C-Corp suits raising from investors who want shares. Bangladesh Bank's startup permission covers one company abroad either way. Nonresident aliens can't hold shares in an S-corporation.
Yes. Without an SSN or ITIN, the application goes on Form SS-4 instead of the IRS's online tool. We prepare it after the company is formed, and the IRS issues the number. Your Bangladeshi TIN isn't part of it.
Each stage has its own clock. Wyoming's published turnaround is same day once a complete filing is accepted. Our ordinary EIN estimate is six to eight weeks after the application, or two to three weeks with the $199 expedited option. Your bank's checks, banks, payment providers and Stripe each set their own times. These are estimates, not promises.
No. Mercury's prohibited-countries list includes Bangladesh, and it goes by where you live, not your passport.
Start with Payoneer, which serves Bangladesh and pays out to bKash, and ask whether it will open an account in your US company's name. Wise says it can't give USD account details to founders living in Bangladesh. Relay doesn't bar Bangladesh, but it asks every owner for a physical US address. Each provider reviews the company and its owners and can decline.
It lets you apply. Stripe doesn't list Bangladesh, but a US LLC with an EIN and a US bank account can apply for a US Stripe account. Stripe reviews the business and the person behind it, and approval isn't guaranteed.
Generally not. Pay for work you do in Bangladesh is generally not US-source income, so a single-owner LLC with no US office or staff often owes no US income tax on it. It still files Form 5472 with a pro forma Form 1120 when it has reportable transactions with you.
As a resident you report income from anywhere, and your return lists assets in Bangladesh and abroad, including your share of the company. Owning assets abroad or being a shareholder director also means filing the statement of assets and liabilities. A US company run wholly from Bangladesh can be resident here for tax.
Yes, it's in force. It caps US withholding on interest and royalties at 10%, and on dividends at 15%, or 10% at the treaty's direct-holding rate. Pay for work you do in Bangladesh generally isn't US-source income anyway.
On Launch and Operate, we add deadlines and reminders; you or your accountant file the federal returns. Managed annual state compliance is an optional $149 service fee a year, with the state's charge separate. Your NBR return and anything Bangladesh Bank needs are for you, your bank and your tax adviser.
Through a bank or provider that supports your company and pays out in Bangladesh. Pay for your own work can come in through the freelancer route, and profit from a company set up under the startup permission comes home through your bank. Bangladesh Bank says export earnings kept abroad breach the foreign exchange law, so agree with your adviser how much the company keeps in the US.
US-created companies are exempt under FinCEN's current BOI rule, effective 14 August 2026. A company formed outside the US and registered to do business there is a different case. Banks still collect ownership details for their own checks.
Sources and editorial scope
Prepared by the BaseAcross team and reviewed by Saais Patel, compliance reviewer. Sources checked . This is general formation information, with source links for the tax and banking context. An individual tax or legal review remains with your qualified advisers.
The Bangladesh Bank circulars and the Acts are the official texts. The Income Tax Act is the NBR's authentic English text, published in October 2025 with amendments to 2024; the Finance Act 2026 that changed it is published in Bangla. Rules change with each Finance Act and circular, so confirm the current position with your adviser before acting.
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