Resources
U.S. LLC for Spanish tax residents
What to know before forming or keeping an LLC, with official sources and clear limits.
What you get
- Form 5472 duty and penalty
- Status of BOI reporting
- Spanish classification with caution
- Risk of Spanish residence for the LLC
- Form 720 and the EUR 50,000 threshold
- Common mistakes
Document contents
- What an LLC is and who it suits
- U.S. treatment of a single-member LLC owned by a foreign person
- Who files Form 5472: referral to a U.S. professional
- BOI and FinCEN: status of beneficial ownership reporting
- Treatment in Spain: flow-through or company
- Risk that the LLC itself becomes Spanish tax resident
- VAT and customers
- Spanish form 720 and other information returns
- Banking, registered agent and common mistakes
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base price, no surchargeRelated free resource: Form 5472 checklist for a single-member LLC
A short list for foreign owners of a single-member LLC about the IRS reporting duty. It is informational and does not replace the professional who files the return.
Who it is for
Individuals who are tax resident in Spain and hold or consider a single-member LLC.
What it is not
It is not individual advice nor preparation of IRS filings.
General information; it does not replace advice on your specific case. Controller: ILIASONLEY, S.L.
Frequently asked questions
Does this guide file Form 5472?
No. A professional authorised in the United States must file it.
Does it avoid Spanish tax?
No: a Spanish tax resident is taxed on worldwide income.
Does it recommend a bank?
No; it states only verifiable facts.