Every year brings a new round of “is Wyoming still worth it” discussion, usually triggered by another state cutting its own franchise tax or a viral thread claiming the advantages have disappeared. From what we see with our own clients, the reasons Wyoming keeps coming up haven’t actually changed much — they’ve just become better understood.

It’s rarely about tax alone

Non-US founders sometimes arrive expecting Wyoming formation to reduce their personal tax burden. It doesn’t, on its own — tax residency is determined by where you and your business actually operate, not where the LLC is filed. What Wyoming does offer is a low-cost, low-maintenance legal wrapper: no state income tax on the entity itself, no franchise tax, and filing fees that stay flat rather than scaling with revenue the way some other states’ do.

Predictability matters more than founders expect

For a founder managing a business remotely, from a different country and time zone, the appeal of Wyoming is less about any single incentive and more about consistency: the same flat annual report fee, the same straightforward filing process, year after year. That predictability is worth more than a marginally lower fee elsewhere that comes with a more complex compliance calendar.

What’s actually changed recently

The more relevant shift in 2026 isn’t in Wyoming’s statute — it’s in banking. US banks have tightened onboarding for foreign-owned LLCs across the board, regardless of state of formation, which means the bottleneck for European founders has moved from “which state” to “how do I get a compliant, well-documented entity that a bank will actually approve.” That’s a due-diligence and documentation problem, not a jurisdiction problem — and it’s the one we spend the most time on with clients today.