Getting paid from Bangladesh
Bangladeshi businesses cannot sign up for Stripe, PayPal or Shopify Payments. Xoom, which is owned by PayPal, only sends money to Bangladesh; it is not a way to accept payments. Freelancers often depend on marketplace payouts, Payoneer and bank wires.
A US LLC can apply for US Stripe, US PayPal Business and Shopify Payments with its EIN and a US business bank account. The providers check the business and the owner, and they decide. Approval is never guaranteed.
At home
Sending money abroad: Bangladesh Bank rules
Foreign exchange in Bangladesh is regulated under the Foreign Exchange Regulation Act, 1947, administered by Bangladesh Bank. There is no general permission for a resident individual to put money into a foreign company.
- Exporters: the Capital Account Transaction (Equity Investment Abroad) Rules, 2022 let Bangladeshi companies with export earnings invest abroad from their export retention quota accounts. They apply to Bangladesh Bank through their bank, and a committee chaired by the governor decides.
- Startups: a Bangladesh Bank circular of March 2025 lets a resident enterprise send up to USD 10,000 to set up a legal entity abroad, and report it within one month of incorporation.
- Individuals: no comparable route. Sending money through informal channels is illegal and can be treated as money laundering.
Bangladeshi tax
Bangladesh taxes residents on income from outside Bangladesh, under the Income Tax Act, 2023. How a US LLC and its profit are treated in Bangladesh, and what belongs in your return and statement of assets, is a question for a chartered accountant. The US and Bangladesh have an income tax treaty.
Bringing money home
Under the 2022 rules, profits, dividends and sale proceeds from an approved foreign investment must come back to Bangladesh within 30 days. Payments for your own services arrive as export receipts through your bank. Keep invoices and contracts for every transfer.
The US side is the same for everyone
Where you live does not change the US part. It is done online, without travelling, without a US address and without an SSN.
- Choose a state: Wyoming or New Mexico for low running costs, Delaware if you plan to raise money from investors.
- The formation document is filed with a registered agent in that state, within 48 hours.
- The EIN is requested from the IRS as soon as the state approves. No SSN or ITIN is needed.
- You get the operating agreement that banks and payment providers ask for.
- With those documents you apply for a US business bank account, for example at Mercury.
- Every year: the registered agent, the state's annual report where there is one, and Form 5472 for a single-member LLC owned by a foreign person.
Which state?
With no people or premises in the US you can choose any state. Most founders abroad choose on yearly cost and speed.
Sources checked on November 2, 2026
This page is general information, not legal or tax advice. Rules and fees change; check your own situation with a chartered accountant in Bangladesh before you form the LLC.
