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BOI Exemptions for Non-Residents

FinCEN's March 26, 2025 Interim Final Rule exempted domestic US entities from BOI reporting. This guide details the exemption categories and what they mean for non-resident Wyoming LLC owners.

Answer

Under FinCEN's March 26, 2025 Interim Final Rule, all domestic US entities (including Wyoming LLCs) are exempt from BOI reporting. This is the broadest exemption category. Additional pre-existing exemptions covered large operating companies (over 20 US employees plus $5M US revenue), regulated entities (banks, broker-dealers, public companies), and certain tax-exempt entities. For non-resident Wyoming LLC owners, the domestic entity exemption is the relevant one.

By Zawwad, Founder & CEO, WyomingLLC by Topslice LLC.

Last updated May 20, 2026

Exemption categories

  • Domestic entities (March 2025 IFR): all US-formed LLCs and corporations exempt
  • Large operating companies: more than 20 US employees, more than $5M US revenue, and physical US office
  • SEC-registered companies: public companies and SEC-registered investment advisors
  • Banks, credit unions, depository institutions
  • Insurance companies and brokers
  • Government entities
  • Tax-exempt entities (501(c) organizations)
  • Subsidiaries of exempt entities

What this means for you

  • Your Wyoming LLC is exempt under the domestic entity exemption
  • No BOI filing required
  • No annual update obligation
  • No federal beneficial ownership registry currently lists you

Foreign entities not exempt

If you have a non-US company (UK Ltd, UAE FZC, Singapore Pte) that registered to do business in a US state as a "foreign entity," BOI may still apply. This is different from your Wyoming LLC being foreign-owned (your LLC is still a domestic Wyoming entity). Consult FinCEN guidance or a US compliance attorney for foreign entity scenarios.

Frequently asked questions

Is my Wyoming LLC exempt from BOI?
Yes. Domestic Wyoming LLCs are exempt under the March 26, 2025 Interim Final Rule.
Does foreign ownership affect the exemption?
No. Even foreign-owned domestic LLCs are exempt. The exemption is based on where the entity is formed, not who owns it.
What if I have a foreign entity registered in a US state?
BOI may apply. This is different from your domestic Wyoming LLC. Consult FinCEN guidance.
Are state-level BOI rules different?
Yes. NY and CA have implemented state-level rules. Wyoming has not. Always check your specific state.

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