US LLC Formation for Vietnam
Last updated: April 24, 2026 · By Shepherd Nyakudya, Founder of USLLCGlobal
Stripe is not available in Vietnam. PayPal is limited. A US LLC gives you full Stripe access, a US bank account, and the infrastructure to serve international clients professionally — all without leaving Vietnam.
LLC + same-day EIN + US bank account guidance + Stripe walkthrough. State filing fee included.
The Problem
Vietnam has become one of Asia’s fastest-growing tech outsourcing destinations. With over 530,000 IT workers and a tech sector growing at 20% annually, Vietnamese developers serve clients across the US, Europe, and Asia-Pacific. Vietnam’s tech exports exceeded $6.2 billion in 2023.
Yet Vietnamese professionals face a critical payment infrastructure gap: Stripe is not available in Vietnam, PayPal is limited, and accessing USD payment platforms requires an international entity.
Stripe does not operate in Vietnam. Vietnamese founders and freelancers cannot create Stripe accounts, cannot accept card payments through Stripe, and have no direct path to the platform.
Vietnam’s tech sector is booming, driven by a young, educated workforce. Ho Chi Minh City and Hanoi are home to thousands of software development companies. But the absence of Stripe means Vietnamese tech companies rely on wire transfers — slow, expensive, and friction-heavy.
Without proper payment infrastructure, Vietnamese entrepreneurs face:
Vietnam’s tech talent rivals any country in the world. A US LLC gives Vietnamese professionals the payment infrastructure to match their technical capabilities.
The Solution
The solution used by thousands of entrepreneurs worldwide is straightforward: form a US Limited Liability Company (LLC) and operate your international business through it.
This is not a loophole. Stripe explicitly supports this model — their own product, Stripe Atlas, exists to help international founders form US companies. Our service provides the same outcome at a lower cost with more state options and personalised guidance.
How It Works
The entire process is handled remotely. You do not need to visit the US, have a US visa, or have a Social Security Number.
Select Wyoming, Delaware, New Mexico, or any other US state — state filing fee is included in your package price.
Provide your passport details and Vietnamese address. We file your Articles of Organization. 1-5 business days.
We apply for your EIN as an IRS Third Party Designee by calling 267-941-1099. Typically same day.
We walk you through opening a US bank account and setting up Stripe and PayPal.
Requirements
From $349. Same-day EIN with Business Ready ($549). Stripe access. No SSN required. State filing fee included in every LLC package.
All prices in USD. State filing fee included in every LLC package. Add-ons (business plan, foreign-state registration, expedited filing) sold separately on the order page.
Banking
Once your LLC is formed and your EIN is issued, the next step is opening a US business bank account.
Mercury — the most popular choice among international founders. Free business banking, FDIC insurance up to $5 million, Stripe/PayPal integrations. Application completed online.
Relay Financial — no monthly fees, multiple checking accounts, profit-first budgeting. Accepts non-resident applications remotely.
Wise Business — ideal for multi-currency operations. Hold USD, VND, and 50+ currencies with low-cost transfers.
Mercury and other digital banks do not accept registered agent addresses, PO boxes, or UPS mailbox addresses as your business address. We recommend a US virtual office address ($10-30/month) for your bank application.
Note: Approval is subject to each bank’s verification process. We help you prepare the strongest application, but cannot guarantee approval.
EIN Application
An EIN is your US federal tax ID, issued free by the IRS. Every LLC needs one for banking, payments, and taxes.
The IRS charges no fee for EIN assignment.
Already have a US LLC? Standalone EIN application: $199.
Annual Compliance
If you are a non-US person who owns a US LLC, the IRS requires you to file Form 5472 every year, attached to a pro forma Form 1120.
The IRS imposes a $25,000 penalty per form for failure to file Form 5472. This penalty applies per reporting year. Many formation services do not adequately explain this — we make sure you understand it from day one.
For $999/year: Form 5472 + pro forma 1120 preparation and paper filing, registered agent renewal, annual report filing, and ongoing compliance monitoring.
Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act has been eliminated for domestic LLCs as of March 2025. Foreign-owned LLCs should monitor FinCEN announcements for any future requirements.
Tax Information
Understanding the tax position of your US LLC is essential. The information below is general factual information — consult a qualified tax professional.
A single-member LLC owned by a non-resident alien is treated as a disregarded entity for US federal income tax purposes:
Vietnam taxes its residents on worldwide income. Key considerations:
Disclaimer: This is factual information, not tax advice. We are not a law firm or CPA firm. Tax obligations depend on your individual circumstances. Consult a qualified tax professional.
Vietnam-Specific
We understand the challenges and opportunities facing Vietnamese entrepreneurs. Our service is designed with Vietnamese founders in mind.
We accept international card payments (Visa, Mastercard, JCB) and bank wire transfers. We also accept Wise transfers. For domestic bank transfer (VND), contact us via WhatsApp.
At current exchange rates (approximately 1 USD = 25,400 VND), the Business Ready package at $549 is approximately VND 11,404,600. Exchange rates fluctuate. Final VND amount depends on the rate at time of payment.
Indochina Time (ICT, UTC+7) has some overlap with US West Coast evening hours and our UK morning hours. We are available via WhatsApp, email, and phone during hours that work for Vietnamese clients.
Vietnam is on track to become one of the world’s top IT outsourcing destinations. The country’s 100 million population is young (median age 31) and increasingly tech-savvy. Ho Chi Minh City and Hanoi are home to major tech companies including FPT, Viettel, and VNG.
A US LLC gives Vietnamese tech professionals the infrastructure to compete at the highest level.
Trusted by Vietnamese Founders
“Our development team in Ho Chi Minh City builds world-class software, but we couldn’t accept Stripe payments. Our US LLC changed that overnight.”
“The Form 5472 paper-only filing requirement was new to me, but USLLCGlobal’s compliance bundle handles everything.”
“Having a US entity made our American clients much more comfortable. We went from offshore team to US-registered technology company.”
Frequently Asked Questions
Ready to Start?
Join Vietnamese founders who have unlocked Stripe, PayPal, and global payment access with a US LLC. Filed in 1-5 business days. Same-day EIN. Full guidance.
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