u/Pure-Psychology2220

Hi guys,

I want to set up Wyoming single-member LLC owned by India Resident Individual, not Indian company. I will be doing digital advertising and marketing business, specially affiliate networking. I'm not providing professional services like freelancing, legal services, consultancy. It's a real business with platform where advertisers onboard themselves and add campaigns, our network of affiliates deliver the results. It got revenue, has expenses, and other things.

---

Here's what I found by my research till now, all source links are listed at footer:

Pay registered agent fees, we can use debit/credit card, it can be deducted as personal expense, not ODI, as per §(27)(3) of RBI Master Directions (MD).

Once LLC is formed, get EIN, and open a bank account at fintech like Mercury, RelayFi, Wise Business, Airwallex, and Payoneer etc.

Equity is assigned using operating agreement in according, which is drafted by us. Or, use online template for SMLLC. Add clause like: "100% membership interest is assigned after the first receipt of $100.", because getting equity is also considered ODI as per §(1)(vi), so adding that clause ensure we get equity only after remittance of capital. Or, we get the equity first and defer the payment but that need more documentation.

Go to AD bank, fill Form FC + Form A2 for getting UIN and sending remittance.

After getting money in US Bank, we get 100% equity of SMLLC, now we draft a "Memebership Interest Certificate" within 6 month, I suggest do it within days, and provide it to the AD bank as per §(16)(2) of RBI MD.

Now, the set up is done. Compliances starts.

Fill 5472 proforma 1120–Annually

Annual Performing Report (APR) by 31st December for previous year based on audited financial details, don't confuse here, we get full one year after calendar year ends.—Annually

ITR-2/3, especially schedule FA and FSI–Annually

When managing the operations of SMLLC, you need to invoice the SMLLC, and take care of GST rules, it sounds wrong, but it's required as per CGST rules. You must comply with arm's length principle as well.

---

What I genuinely don't know, and need your guidance:

Can I pay taxes in India only if I distribute profits from my SMLLC?

How GST taxes works between related parties.

Does financial statements for APR must be certified by US CPA, Indian CA isn't allowed?

Do we need to repatriate all profits every year?

Am I missing anything?

---

Thanks I am hoping for a helpful answers. Please find sources below:

RBI Master Direction on Overseas Investment: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/121MDOI2507202427D16C96B42C4E0B849FFD9732752B68.PDF

Hi guys,

I want to set up Wyoming single-member LLC owned by India Resident Individual, not Indian company. I will be doing digital advertising and marketing business, specially affiliate networking. I'm not providing professional services like freelancing, legal services, consultancy. It's a real business with platform where advertisers onboard themselves and add campaigns, our network of affiliates deliver the results. It got revenue, has expenses, and other things.

---

Here's what I found by my research till now, all source links are listed at footer:

1. Pay registered agent fees, we can use debit/credit card, it can be deducted as personal expense, not ODI, as per §(27)(3) of RBI Master Directions (MD).
2. Once LLC is formed, get EIN, and open a bank account at fintech like Mercury, RelayFi, Wise Business, Airwallex, and Payoneer etc.
3. Equity is assigned using operating agreement in according, which is drafted by us. Or, use online template for SMLLC. Add clause like: "100% membership interest is assigned after the first receipt of $100.", because getting equity is also considered ODI as per §(1)(vi), so adding that clause ensure we get equity only after remittance of capital. Or, we get the equity first and defer the payment but that need more documentation.
4. Go to AD bank, fill Form FC + Form A2 for getting UIN and sending remittance.
5. After getting money in US Bank, we get 100% equity of SMLLC, now we draft a "Memebership Interest Certificate" within 6 month, I suggest do it within days, and provide it to the AD bank as per §(16)(2) of RBI MD.
6. Now, the set up is done. Compliances starts.
7. Fill 5472 proforma 1120–Annually
8. Annual Performing Report (APR) by 31st December for previous year based on audited financial details, don't confuse here, we get full one year after calendar year ends.—Annually
9. ITR-2/3, especially schedule FA and FSI–Annually
10. When managing the operations of SMLLC, you need to invoice the SMLLC, and take care of GST rules, it sounds wrong, but it's required as per CGST rules. You must comply with arm's length principle as well.

---

What I genuinely don't know, and need your guidance:

1. Can I pay taxes in India only if I distribute profits from my SMLLC?
2. How GST taxes works between related parties.
3. Does financial statements for APR must be certified by US CPA, Indian CA isn't allowed?
4. Do we need to repatriate all profits every year?
5. Am I missing anything?

---

Thanks I am hoping for a helpful answers. Please find sources below:

1. RBI Master Direction on Overseas Investment: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/121MDOI2507202427D16C96B42C4E0B849FFD9732752B68.PDF

Hi guys,

I want to set up Wyoming single-member LLC owned by India Resident Individual, not Indian company. I will be doing digital advertising and marketing business, specially affiliate networking. I'm not providing professional services like freelancing, legal services, consultancy. It's a real business with platform where advertisers onboard themselves and add campaigns, our network of affiliates deliver the results. It got revenue, has expenses, and other things.

---

Here's what I found by my research till now, all source links are listed at footer:

1. Pay registered agent fees, we can use debit/credit card, it can be deducted as personal expense, not ODI, as per §(27)(3) of RBI Master Directions (MD).
2. Once LLC is formed, get EIN, and open a bank account at fintech like Mercury, RelayFi, Wise Business, Airwallex, and Payoneer etc.
3. Equity is assigned using operating agreement in according, which is drafted by us. Or, use online template for SMLLC. Add clause like: "100% membership interest is assigned after the first receipt of $100.", because getting equity is also considered ODI as per §(1)(vi), so adding that clause ensure we get equity only after remittance of capital. Or, we get the equity first and defer the payment but that need more documentation.
4. Go to AD bank, fill Form FC + Form A2 for getting UIN and sending remittance.
5. After getting money in US Bank, we get 100% equity of SMLLC, now we draft a "Memebership Interest Certificate" within 6 month, I suggest do it within days, and provide it to the AD bank as per §(16)(2) of RBI MD.
6. Now, the set up is done. Compliances starts.
7. Fill 5472 proforma 1120–Annually
8. Annual Performing Report (APR) by 31st December for previous year based on audited financial details, don't confuse here, we get full one year after calendar year ends.—Annually
9. ITR-2/3, especially schedule FA and FSI–Annually
10. When managing the operations of SMLLC, you need to invoice the SMLLC, and take care of GST rules, it sounds wrong, but it's required as per CGST rules. You must comply with arm's length principle as well.

---

What I genuinely don't know, and need your guidance:

1. Can I pay taxes in India only if I distribute profits from my SMLLC?
2. How GST taxes works between related parties.
3. Does financial statements for APR must be certified by US CPA, Indian CA isn't allowed?
4. Do we need to repatriate all profits every year?
5. Am I missing anything?

---

Thanks I am hoping for a helpful answers. Please find sources below:

1. RBI Master Direction on Overseas Investment: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/121MDOI2507202427D16C96B42C4E0B849FFD9732752B68.PDF

Hi guys,

The core CSE is very expensive, 19L without hostel, and 22L with hostel, this is total fees.

But AI & ML, AI & DS, DS only is about 11L for 4 years without hostel, and 14L for 4 years with hostel.

Please suggest which one I choose?

Also, when I ask BMSCE vs BMSIT? People say choose BMSCE at any cost. – When I ask reason they say good placements.

However, I am running my own startup, I need low fees and more time bruh... that's why at one time, I also thought of doing B.Tech in CSE or B.Tech in AI & ML in BMSIT instead of BMSCE.

Please suggest and advice.

Let us make the most downvoted Reddit post together; let's make a world record!

Edit: ppl are upvoting, what's wrong with you guys!!! I want to farm negative karmas.

Guys, I was thinking of joining this college for B.E. AI & ML. I'm from Nepal.

I just want to ask about and chat with Nepalese guys who can suggest me about this college.

1. Campus Life
2. About Professors
3. Whether choosing AI & ML at this college is worth it, is it easy to go abroad for a job or master’s studies?

I'm getting AI & ML in BMSCE also, and CSE in BMSIT. I still chose B.E. in AI & ML in BMSIT. Am I making any mistakes or oversights, what do you suggest? Please advise.

I am planning to stay outside of hostel, with my family, they will be moving Bangalore also, probably.

I'm also running a startup, it showing good growth for now, but it demands a lot of time, so for placements in these colleges, these are only my backup, not priorities, it's like nice to have thing. I hope it resonant with some of you guys.

Hoping for a great conversation together :)

Edit: I'm sad, 1k views, but no comment, seniors are bad boys here I think.

Guys, I was thinking of joining this college for B.E. AI & ML. I'm from Nepal.

I just want to ask about and chat with Nepalese guys who can suggest me about this college.

1. Campus Life
2. About Professors
3. Whether choosing AI & ML at this college is worth it, is it easy to go abroad for a job or master’s studies?

I'm getting AI & ML in BMSCE also, and CSE in BMSIT. I still chose B.E. in AI & ML in BMSIT. Am I making any mistakes or oversights, what do you suggest? Please advise.

I am planning to stay outside of hostel, with my family, they will be moving Bangalore also, probably.

I'm also running a startup, it showing good growth for now, but it demands a lot of time, so for placements in these colleges, these are only my backup, not priorities, it's like nice to have thing. I hope it resonant with some of you guys.

Hoping for a great conversation together :)

First of all I highly encourage all readers to comment and discuss things after reading this, this gonna be very long. My DM is always open!!!

Hi guys! I'm planning to open a digital advertising business as Pvt Ltd in Nepal, need guidance if I can access to NRB's $20k foreign investment exception and $100k foreign operational allowance for new IT company.

Please note allowances specifically don't need the 3 year IT-service export history. You can read those at: https://www.nrb.org.np/contents/uploads/2019/12/FIFL-Fifth-Amendment-2025.12.29-uploaded.pdf

Give your opinions how to establish using my Pvt Ltd and post-establishment battleground for approvals of US bank accounts or fintechs.

Mercury -> Nepal resident on prohibited list. No chance here.

Wise Business -> Trading address is mandatory, trading address is just owners' homeland's office address, in my case Nepal, but Nepal isn't accepted. No chance here.

Airwallex -> Not sure

Slash -> Some nepali says they use Slash, maybe they supported internally, but as I see Nepali not supported: https://www.slash.com/help-center/getting-started/how-to-know-if-you-re-eligible-for-slash

Brex -> LLC must be using US Physical Address, not virtual, and if used virtual address, Ultimated Beneficial Owner must has US address. No chance here.

Payoneer -> High chances of approval, few features

Relay -> Medium chances, everyone's hope.

Lili -> Nepal citizen not accepted

PingPong Payments -> Underrated, they seems Nepali resident accepting with US LLC, a chinese company registered in US

Revoult Business -> Nepal resident not supported, India resident support

Please your suggestion, option, knowledge, information, everything is welcomed.

One thing which could easily unlock most options is moving india and residing there.

Could unlock, Wise Business, Mercury, Revoult, Numerous Other as well.

Terms used:

Nepal resident = Living in Nepal, doesn't matter citizen or not

India resident = Living in India, doesn't matter citizen or not

Nepal citizen = Legal citizen of Nepal, doesn't matter where his residency is.

India citizen = Legal citizen of India, doesn't matter where his residency is.

May bank prohibited by looking at residency, many by citizenship, and many by lookin at both.

Like Mercury only prohibited resident in Nepal, but Nepal citizen in India is technically allowed by their terms. But Lili strictly looks at citizenship, doesn't matter even if Nepali citizen is in India, they are not allowed in Lili.

Please your suggestion, option, knowledge, information, everything is welcomed. Any useful information will be amended here in sequence. We need to do this all legally from Nepal, and in 2026 it is possible from Nepal (likely), and need to research on US side as well. This will be full guide for future founders of Nepal who want to expand globally in tech-industry.

1st Edit:

Read iDream LLC story, they opened US LLC legally, try are using Choice Financial Group, which Mercury provides it, not sure how they got it, because Mercury has Nepal in prohibited list.

https://preview.redd.it/151qujgi8e7h1.png?width=876&format=png&auto=webp&s=22d41fa0c8166fe940411d3333fb4332b819dfaa

Also, see my comprehensive list, I will keep this updated as well (updated 3 times).

https://preview.redd.it/2yz8stoxeg7h1.png?width=1232&format=png&auto=webp&s=85d8727e84239d903d61bc530d4b5dd63846626b

Proof of that $20k investment aboard is now legal for new IT companies who even don't have IT-service export history with the company, please confirm if we can use this to open branches in US as US LLC:

https://preview.redd.it/4v9argigzd7h1.png?width=806&format=png&auto=webp&s=2ebe1f9fbe7202f91d2261383cc15e6ec1b34f8d