Specialized Formation Guide

Form a US LLC from Iraq

Bypass payment isolation. Iraqi freelancers and agencies use a legitimate US LLC to open FDIC-insured bank accounts and process international cards.

Local Banking & Payment Reality in Iraq

Strict local banking rules make international card checkout impossible locally; a US entity provides full global payment capabilities.

✓ Solution: Form a US LLC to open an FDIC-insured USD bank account (Mercury/Relay) and activate full Stripe payment processing.

Frequently Asked Questions for Founders in Iraq

Can Iraqi citizens be approved for a US business bank account?

Yes, digital partner banks like Mercury and Relay accept Iraqi passport holders with a valid LLC, EIN, and operational business website.

What mandatory IRS filings are required each year?

Foreign-owned single-member LLCs must file IRS Form 5472 and pro-forma Form 1120 annually. The statutory penalty for failing to file is $25,000.