For foreign entrepreneurs incorporating in the United States, particularly in Wyoming, understanding U.S. tax identification numbers is essential. Two terms appear early in the process: EIN and ITIN. While often confused, they serve very different purposes.
Getting this right from the start ensures smooth banking, proper documentation, and long-term compliance.
Why U.S. Tax Identification Matters
The United States operates one of the world’s most structured regulatory systems. Every company and taxable individual must be identifiable by the Internal Revenue Service.
For businesses, this means obtaining an Employer Identification Number. For individuals without a Social Security Number who have U.S. tax obligations, it means applying for an Individual Taxpayer Identification Number.
Knowing which applies to you avoids delays and compliance issues.
The Employer Identification Number (EIN)
An EIN functions as a company’s federal tax ID. It is required to open a U.S. business bank account, apply for payment processors, establish credit, and file certain tax forms.
Foreign entrepreneurs forming a Wyoming LLC or corporation must obtain an EIN, even if they have no U.S. employees.
Non-residents apply using IRS Form SS-4. Accuracy is critical, as inconsistencies can delay approval. This is where structured support becomes essential.
The Individual Taxpayer Identification Number (ITIN)
An ITIN is issued to individuals, not companies.
It is designed for non-U.S. residents who need to file U.S. tax returns or meet reporting requirements but are not eligible for a Social Security Number.
Non-U.S. shareholders or partners may require an ITIN depending on the structure of the business and the advice of their tax professional.
Maintaining U.S. Compliance
Once incorporated and registered, maintaining compliance becomes manageable with the right structure. Many foreign-owned U.S. entities are classified as disregarded entities, meaning specific disclosures may still apply.
While Vyssor does not provide U.S. tax filing services, we ensure your company is properly incorporated, documented, and prepared to meet ongoing obligations.
Why choose us:
At Vyssor, clarity is central to effective international expansion.
We guide founders through U.S. incorporation and EIN registration so their companies are legally recognised, bank-ready, and compliant from day one.
We collaborate with trusted U.S. partners where needed, while focusing on what we do best: building compliant, efficient foundations for global businesses.
Contact us here to incorporate your U.S. company and secure the correct registrations with confidence.
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