Skip the wait — buy a US LLC that already has its EIN

Bangladesh has emerged as one of the world's most important freelancing nations. With over 650,000 active freelancers, the country ranks among the top freelancing nations globally. The government's Learning and Earning Development Project (LEDP) has trained hundreds of thousands of young Bangladeshis in digital skills, creating a generation of talented developers, designers, and digital professionals.

But there is a fundamental infrastructure problem: the payment platforms these professionals need are not available in Bangladesh.

Stripe is completely banned in Bangladesh

Stripe does not operate in Bangladesh. There is no native Stripe account, no Stripe Atlas availability, and no Stripe partner integration (unlike Nigeria, which has Paystack). Bangladeshi founders who build SaaS products, e-commerce stores, or digital services simply cannot accept card payments through Stripe using a Bangladeshi business entity.

PayPal is not available

PayPal does not support Bangladesh. Bangladeshi users cannot create PayPal accounts, send money, or receive payments through PayPal. This exclusion removes the world's most widely-used payment platform from the toolkit of Bangladeshi entrepreneurs.

The double exclusion problem

Bangladesh is one of the few major freelancing nations where both Stripe and PayPal are unavailable. This creates a compounding disadvantage:

• Limited earning channels — restricted to Payoneer, direct bank wires, or platform-specific payouts (Upwork, Fiverr)
• Higher transaction costs — wire transfers and Payoneer carry higher fees than Stripe or PayPal
• Slower settlements — international wire transfers to Bangladeshi banks can take 3-7 business days
• No recurring billing — impossible to run a subscription-based SaaS or membership site without Stripe
• Lost credibility — international clients expect standard payment options; inability to provide them signals unprofessionalism
• Currency restrictions — Bangladesh Bank regulations add complexity to holding and converting foreign currency

Bangladesh's IT export revenue exceeded $1.4 billion in recent years, yet the country's freelancers are operating with one arm tied behind their back. A US LLC solves this problem completely.

The proven solution used by thousands of international entrepreneurs — including a growing number of Bangladeshi founders — is straightforward: own a US Limited Liability Company (LLC) and operate your international business through it. The fastest route is buying a ready-made LLC that already has its EIN; if you'd rather have the exact name from day one, we also register a brand-new company for you.

This is the same model that Stripe Atlas facilitates — helping international founders run US companies for payment access. Our service provides the same outcome at a lower cost, with a ready-made option that activates same-day and personalised guidance tailored to Bangladeshi founders.

Why Wyoming is the best choice for Bangladeshi founders

• No state income tax — Wyoming does not tax LLC income at the state level
• Strong privacy — member and manager names are not on public filings
• Lowest ongoing cost — $100 state fee, just $60/year annual report
• Fast processing — filed online, processed in 1-2 business days
• Asset protection — strongest charging order protections in the US
• No franchise tax — saves hundreds per year compared to Delaware or California

If speed is what matters — and for most Bangladeshi founders locked out of Stripe, it is — a ready-made LLC removes the queue entirely. The company already exists, in good standing, and its EIN already exists. The moment the transfer completes you can open banking and connect Stripe. If the exact company name matters more than the days, we register a brand-new Wyoming LLC for you with same-day EIN.

Required documents

• Valid passport — Bangladeshi passport or any government-issued passport
• Bangladeshi residential address — your home or business address
• Email address — for correspondence and document delivery
• Phone number — Bangladeshi mobile number is fine

What you do NOT need

• No SSN — Social Security Number is not required for non-US residents
• No ITIN — not required for LLC ownership or EIN
• No US visa — you never need to enter the United States
• No US address — your registered agent provides the required US address
• No RJSC registration — your US LLC is separate from any Bangladesh RJSC registration
• No prior US business experience — first-time founders welcome

Once your LLC is yours and the EIN is in place, the next step is opening a US business bank account. We guide you through this process and help you prepare your application documents.

Recommended banks for non-residents

Mercury — the most popular choice among international founders. Mercury offers free business banking with no monthly fees, FDIC insurance up to $5 million, and integrations with Stripe, PayPal, and accounting software. Application completed entirely online.

Relay Financial — free business banking with multiple checking accounts and profit-first budgeting. Accepts non-resident applications remotely.

Wise Business — ideal for multi-currency operations. Hold USD, BDT, and 50+ other currencies with transparent exchange rates and low transfer fees back to Bangladesh.

Documents you will need

• Articles of Organization (Certificate of Formation)
• EIN confirmation letter from the IRS
• Operating Agreement
• Valid passport (photo page)
• Business description and expected transaction volume
• Website URL (if applicable)

An EIN (Employer Identification Number) is your US federal tax ID, issued by the IRS. Every LLC needs one to open a bank account, accept payments, and file taxes. Buy a ready-made LLC and the EIN already exists — nothing to wait for. Register a new company and we obtain it same-day.

How we obtain your EIN (new formations)

Non-US residents cannot apply online (the IRS tool requires an SSN or ITIN). We apply on your behalf as an IRS Third Party Designee:

1. We prepare your Form SS-4 with your LLC and personal details
2. We call the IRS International EIN line at 267-941-1099
3. The IRS verbally assigns your EIN during the call — same-day issuance
4. We fax the signed Form SS-4 within 24 hours as required
5. You receive your EIN confirmation immediately

The IRS charges no fee for EIN assignment. Our service fee covers preparation, phone application, and follow-up.

Standalone EIN service

Already have a US LLC? Our standalone EIN application service is $199.

If you are a non-US person who owns a US LLC, the IRS requires annual filing of Form 5472 attached to a pro forma Form 1120. This is an information return, not a tax payment — but the consequences of non-filing are severe.

Key facts about Form 5472

• Who must file: Any foreign-owned US disregarded entity (single-member LLC owned by a non-US person)
• What to file: Form 5472 attached to a pro forma Form 1120
• When to file: By April 15 of the following year (6-month extension available)
• How to file: Paper only. Form 5472 cannot be e-filed — it must be mailed to the IRS as a physical document
• What to report: All reportable transactions between you and your LLC (capital contributions, distributions, service payments, loans)

BOI reporting update (March 2025)

Beneficial Ownership Information (BOI) reporting has been eliminated for domestic LLCs as of March 2025. Foreign-owned LLCs should monitor FinCEN announcements for any future requirements.

Understanding your tax position is essential. The information below is general factual information — consult a qualified tax professional for advice specific to your situation.

US tax position

• A single-member LLC owned by a non-resident alien is a disregarded entity for US federal income tax
• The LLC itself does not pay US income tax — income passes through to the owner
• If the LLC has no US-source income, the US tax liability is typically minimal
• You must file Form 5472 annually (information return)
• Wyoming has no state income tax

Bangladesh tax considerations

• There is no comprehensive US-Bangladesh income tax treaty
• Bangladesh taxes residents on worldwide income under the Income Tax Act 2023
• Income from your US LLC should be reported to the National Board of Revenue (NBR)
• The Bangladesh Bank has specific regulations regarding foreign exchange earnings — consult a local tax professional
• Freelance income earned through the LEDP programme may have specific tax incentives — verify with your accountant

We understand the specific landscape of Bangladesh's freelancing economy and the barriers Bangladeshi entrepreneurs face when building global businesses.

Local payment options

We accept international card payments and bank transfers. If you prefer to pay using bKash or Nagad, contact us via WhatsApp and we will arrange an alternative payment method for your convenience.

BDT price reference

At current exchange rates (approximately 1 USD = 121 BDT), the Business Ready package at $549 is approximately BDT 66,400. Final BDT amount depends on the exchange rate at the time of payment.

Support in your timezone

Bangladesh Standard Time (BST, UTC+6) overlaps with our UK support hours in the morning. We are available via WhatsApp, email, and phone during hours that work for Bangladeshi clients.

Government-backed digital skills — now add payment infrastructure

The Bangladesh government has invested heavily in building digital skills through the Learning and Earning Development Project (LEDP), which has trained hundreds of thousands of young Bangladeshis in web development, digital marketing, graphic design, and other in-demand skills.

The Bangladesh Hi-Tech Park Authority and ICT Division are building the infrastructure for a digital economy. The country's IT sector has been growing at over 40% annually, with IT and ITeS exports exceeding $1.4 billion.

But the missing piece is payment infrastructure. The government trains the talent; we provide the payment access. A US LLC gives Bangladeshi freelancers and founders the same tools that their competitors in the US, UK, and India already have.

Why this matters for Bangladesh's 650,000+ freelancers

Bangladesh has the second-largest freelancing workforce in South Asia. Platforms like Upwork, Fiverr, and Freelancer.com have significant Bangladeshi populations. With a US LLC, Bangladeshi freelancers can:

• Accept direct client payments via Stripe (not just platform payouts)
• Build and monetise SaaS products with subscription billing
• Open an e-commerce store with proper payment processing
• Invoice international clients as a US-registered business
• Hold USD earnings without immediate BDT conversion