Tachkeel تشكيل

UK company or US LLC: which one fits you

By Tachkeel ·

Short answerBoth let a founder in Lebanon open Stripe and receive international payments. A US LLC with one foreign owner and no US activity usually pays no US federal income tax, but it has a yearly filing with a $25,000 penalty if missed. A UK company pays 19% to 25% tax on profit, with clear yearly accounts and a public record that clients can check. Choose by where your clients are.

Side by side

UK limited companyUS LLC (one foreign owner)
FormationUp to 48 hoursA few days, but the tax number (EIN) can take several weeks
Government fees£100 to register, £50 a yearDepends on the state: about $60 a year in Wyoming, $300 in Delaware
Tax on profit19% to 25%Usually no US federal income tax if there is no US business activity; you are taxed where you live
Yearly filingsAccounts, corporation tax return, confirmation statementForm 5472 with a pro forma Form 1120
Penalty for missing themFrom £150, rising with the delay$25,000 for a missed Form 5472
Public recordYes. Anyone can check the company on Companies HouseLimited, depending on the state
Stripe and WiseSupported countrySupported country

When the UK company is the better fit

When the US LLC is the better fit

The mistake to avoid

Choosing only by the tax rate. A cheap LLC with a missed Form 5472 costs more than years of UK corporation tax. Whatever you choose, make sure someone is responsible for the yearly filings.

What Tachkeel does

We form and manage both. The packages on this site are for UK companies and include the accounting and yearly filings. On the first call we tell you plainly which structure fits your clients and income.

Want this done for you?

We form your UK company, apply for your payment account and handle the accounting. Packages from $1,890.

Talk to us on WhatsAppSee packages and prices

Common questions

Is a US LLC tax-free for a Lebanese owner?

Often there is no US federal income tax when the LLC has one foreign owner and no US business activity, but this depends on your facts. The yearly Form 5472 is still required.

Which is faster to open?

The UK company: up to 48 hours. A US LLC forms in days, but the tax number needed for banking can take several weeks.

Can both open Stripe?

Both countries are supported by Stripe. Approval is always Stripe's decision.

Can I have both?

Yes. Some businesses use a UK company for Europe and the Gulf and a US LLC for American clients.

More guides

Sources: Corporation Tax rates and allowances (GOV.UK) · Companies House fees (GOV.UK) · IRS: About Form 5472 · Stripe: countries where Stripe is available