North America Common Law
Crypto and digital asset operators needing real US rails, Wyoming (USA)
Wyoming's Special Purpose Depository Institution (SPDI) charter is the only US bank charter explicitly designed for digital assets, and the state recognises DAOs as LLCs. FinCEN BOI filing is now required, but member identity stays out of the public Secretary of State record.
SPDI charterDAO LLC statuteFinCEN BOI compliant
Start setup {placement} 4 min · no card required
Corp tax
21%
Fastest setup
5 days
Tax treaties
68
Region
North America
What you'll need
- No resident director required
- Remote-friendly, no local office
- No substance requirement
- Minimum capital: No minimum capital
- Administrative language: English
- Legal system: Common law
Tax and treaty profile
- Corporate tax 21%
- Tax treaties 68
- VAT rate 0%
- Withholding on dividends 30%
Key treaty partners
UKCanadaGermanyFranceJapanAustralia
Banking and payments
- Banking is straightforward
- Stripe supported
- Mercury supported
- Wise supported
- Crypto banking available
- EMI license framework available
Considerations
If you plan to raise institutional VC
Most US VCs require a Delaware C-corp, and Wyoming entities almost always need to flip before Series A. The flip itself is straightforward but creates timing and tax friction.
Delaware flip neededVC term sheet frictionPre Series A only