Form your company in New Mexico

Why form an LLC in New Mexico?

New Mexico is one of the strongest defaults for a remote or non-US founder: a $50 one-time filing, no annual report and no annual state fee, and no member/manager names on the public record. State income tax only matters if you have New Mexico-source income, which most remote founders do not.

A quick reminder from us: forming in a state where you do not actually operate usually means you still have to register (foreign-qualify) in your home state, often with little or no tax benefit. If you are unsure, tell us how you plan to operate and we will recommend the right fit — free.

Costs and fees

The New Mexico Secretary of State charges roughly $50 to file Articles of Organization, with an ongoing state cost of about None (no annual report). No annual state fee; personal income tax applies only to New-Mexico-source income, so most fully-remote owners owe no NM tax. State fees are paid directly to the state and are separate from our service fee.

• Filing fee: $50 (approximate)
• Ongoing state cost: None (no annual report)
• Typical processing time: 1–3 days online

Taxes and privacy

Personal state income tax in New Mexico: Yes. Owner privacy on the public record is generally rated highest.

Your federal tax obligations (and your EIN) are the same regardless of the state you choose — a single-member LLC is taxed as a pass-through by default, and we can obtain your EIN even if you do not have an SSN.

Pros of forming in New Mexico

• Lowest-cost serious option: $50 to form and $0 recurring state fee
• No annual report ever — minimal ongoing compliance
• Highest privacy: member/manager names are never on the public filing
• Fully online filing; well-supported by registered-agent services for non-US owners

Things to weigh

• New Mexico has a personal income tax, though it only reaches NM-source income
• Fewer specialized business-court precedents than Delaware/Wyoming
• Privacy protects the public record, not lawful KYC, IRS/FinCEN, or court disclosure
• If you actually operate in another state you must still foreign-qualify there

Banking for your New Mexico LLC

New Mexico's anonymity applies only to the public state record; it does not restrict banking. Fintechs like Mercury, Wise and Relay open US accounts for NM LLCs owned by non-US residents, but you must still disclose true beneficial owners to the bank at KYC and to FinCEN as required.

Whichever state you choose, we prepare the documents banks ask for and can obtain your EIN even without an SSN. Bank and provider approval is always their decision — we are not affiliated with any bank.

Is New Mexico right for you?

Best for: Non-US founders wanting cheap, private, low-maintenance. If you operate physically in New Mexico, forming here keeps things simple. If you are a remote or non-US founder without a specific reason to choose New Mexico, a low-cost, privacy-friendly state like Wyoming or New Mexico is often the better default.

Not sure? Start your application and we will confirm the best state for your situation before anything is filed.