Wyoming LLC from Iceland — Real Cost & Timeline (2026)
Icelandic founders always ask two things before starting a US LLC: how much does it really cost? and how long until I can actually invoice a US client? This guide gives you the exact answers in both USD and ISK, based on formations we processed for Icelandic clients in 2026.
2026 pricing — total cost of year one
| Line item | BASIC | FULL |
|---|---|---|
| Wyoming state filing fee | Included | Included |
| Registered Agent (year 1) | Included | Included |
| Custom Operating Agreement | Included | Included |
| EIN application (SS-4) | Included | Included |
| Mercury / Relay warm introduction | Included | Included |
| US mailing address & scan | — | Included |
| Form 5472 + pro-forma 1120 | Add-on | Included |
| Total (USD) | USD 529 | USD 849 |
| Total (ISK, approx.) | ISK 73,000 | ISK 117,000 |
ISK figures assume USD/ISK ≈ 138. Confirm today's rate on the Central Bank of Iceland website. See full package details on our pricing page.
Ongoing annual costs (year 2 onwards)
- Wyoming Annual Report: USD 62 (state fee).
- Registered Agent renewal: USD 149.
- Form 5472 + 1120 filing: USD 199 (BASIC add-on) or included in FULL.
- Total year 2 onwards: ~USD 410 (BASIC + IRS) or USD 399 (FULL renewal).
Compare this to a Delaware LLC (USD 300 franchise tax alone, plus higher agent fees) or a Delaware C-Corp (~USD 800+/year even with no revenue).
What is NOT included
- Icelandic tax advisor fees — plan for ISK 30,000–80,000/year for a cross-border adviser.
- US bookkeeping — QuickBooks (~USD 30/month) or a bookkeeper (~USD 100–300/month) if you have real revenue.
- FBAR / BOI filings — usually free to self-file; we assist for USD 99 flat.
Day-by-day timeline
Here is the real timeline we deliver for Icelandic clients:
- Day 0 — you complete our onboarding form (10 minutes). Passport upload and business description.
- Day 1 — Wyoming name check confirmed; Articles of Organization drafted.
- Day 2 — Articles filed with the Wyoming Secretary of State; you receive your Filing ID.
- Day 2 — Custom Operating Agreement delivered for signature.
- Day 3 — IRS Form SS-4 submitted (fax processing route for non-residents).
- Day 5–10 — EIN issued by the IRS; CP-575 letter emailed.
- Day 10–12 — Mercury warm introduction sent; you complete the KYC video call.
- Day 12–15 — Mercury account approved; first USD deposit possible.
Total: from onboarding to first live Mercury account, typically 10–15 business days. LLC formation itself is done in 48 hours — the rest of the wait is IRS + bank KYC, which no formation provider can compress further.
Our 100% money-back guarantee
If we cannot form your Wyoming LLC within 48 hours and obtain your EIN within a maximum of 10 business days, we refund every dollar you paid. No US formation service in the Icelandic market matches this SLA — this is why 100% of our Nordic clients rate us 5 stars.
Payment options for Icelandic clients
- Card (Visa, Mastercard) — instant; the ISK-to-USD conversion happens at your Icelandic bank rate.
- SEPA transfer via our EU IBAN — 1–2 business days.
- Wise transfer — cheapest for ISK payers.
Frequently asked cost questions
Are there hidden renewal fees?
No. Our BASIC and FULL prices include everything listed. The only external cost is the USD 62 Wyoming state fee (which we always disclose upfront and can pay on your behalf).
What if I want to close the LLC later?
Dissolution costs USD 149 flat with us, plus USD 60 Wyoming state fee. Total under USD 210 to wind down cleanly.
Ready to start?
Read the Iceland setup guide or jump straight to the Iceland service page to begin. Formation starts within 24 hours of payment.
About the author
Wyoming Experts Editorial
Wyoming Experts Editorial writes for Wyoming Experts, a Sheridan, WY-based firm specializing in Wyoming LLC formation for non-US residents. Our team has helped 2,500+ international entrepreneurs from 40+ countries open US companies, secure EINs, set up Mercury/Relay bank accounts, and stay IRS-compliant (Form 5472 & 1120). Content is reviewed by our in-house US tax & compliance specialists.