New Mexico LLC formation
New Mexico is the cheapest legitimate US entity that maintains member anonymity. There's no annual report, no franchise tax, and the Secretary of State does not collect member names on the formation document. For a solo operator who wants a US holding company at minimum cost and minimum recurring effort, NM beats Wyoming on price and ties on privacy. It loses on banking acceptance. The major US business-banking rails strongly prefer Wyoming and Delaware for marketing-list reasons.
- Tier
- REPUTABLE
- Formation
- 5 business days
- Apostille
- Supported
- UBO register
- Private
- EU list
- Off both EU lists
- FATF list
- Off the FATF lists
Figures verified February 2026 · Sources: EU Annex I/II and FATF list status, detailed in Plain talk below.
Can a non-resident form a New Mexico company?
Yes. A non-resident can form a New Mexico entity. New Mexico is a REPUTABLE jurisdiction. It onboards at a bank without the reflexive offshore-flag conversation. Formation is $119 all-in / ₿0.00149497 / 149,497 sats, paid in Bitcoin or USDT, and takes 5 business days.
- Tier
- REPUTABLE
- From price
- $119 all-in
- Formation time
- 5 business days
- EU / FATF status
- off both EU lists, off the FATF lists
- Public UBO register
- No
- Apostille
- Supported
What makes New Mexico different
- No annual report, no franchise tax: the cheapest US LLC to maintain at scale.
- Anonymous formation: no member disclosure to the state.
- Single-member LLCs are tax-transparent: pair with EIN for US banking access.
- Pairs with our First-100 founder promo.
What you are actually buying with New Mexico
REPUTABLE means institution-grade acceptance. A compliance desk onboards this entity without the reflexive enhanced-due-diligence conversation an offshore flag triggers.
If banking is your top priority, choose Wyoming. NM optimizes for cheapness and zero-maintenance, not banking acceptance.
Banking acceptance is weaker than Wyoming. If you need a major US business-banking rail to approve your account, expect more friction with NM than WY.
NM has less case-law depth than Wyoming on single-member LLC asset protection. For a serious litigation-defense posture, Wyoming's case law is stronger.
What we collect, and what New Mexico filing requires
- Email, country of residence, intended use statement
- OFAC + EU + UN sanctions screen
- Beneficial owner identification per the registered agent's own BSA program
The honest note: Same federal position as every domestic US LLC: FinCEN's March 2025 interim rule exempts US-formed entities from BOI reporting today, though the rule is not yet final. State-level disclosure is minimal regardless.
Where New Mexico entities bank
If banking is your top priority, choose Wyoming. NM optimizes for cheapness and zero-maintenance, not banking acceptance.
Full banking rankingWhen this jurisdiction is right (and wrong)
If you want a US holding company at the absolute minimum total cost over five years, NM wins. $50 filing + $69/yr RA + zero annual report obligation = sub-$400 over five years.
If you don't need US banking, for example, you operate exclusively through a foreign bank or only need the US entity as a contracting vehicle, NM is purpose-built for your case.
If you're stacking the First-100 promo, NM is the SKU that's discounted to state-fee-only ($50). No service fee, no upsell, just the entity.
Banking acceptance is weaker than Wyoming. If you need a major US business-banking rail to approve your account, expect more friction with NM than WY.
NM has less case-law depth than Wyoming on single-member LLC asset protection. For a serious litigation-defense posture, Wyoming's case law is stronger.
Same Form 5472 / pro-forma 1120 requirement for non-resident owners. Miss it = $25,000 IRS penalty per year.
Common New Mexico questions
Why is NM cheaper than WY?
NM has no annual report. Wyoming's $60/yr report is the main recurring difference. The initial filing fees are similar; the gap compounds over years.
Will I lose banking access by choosing NM over WY?
Not necessarily. Both NM and WY LLCs are accepted by the major US business-banking rails. Approval rates are anecdotally higher for WY. If banking is mission-critical, choose WY; if cost matters more, choose NM.
Is anonymity real or theater?
Real at the state level: your name doesn't appear on the formation document. On the federal side, FinCEN's March 2025 interim rule currently exempts US-formed LLCs from BOI reporting, so there is no federal beneficial-ownership filing for a standard New Mexico LLC today (the rule is not yet finalized). Your registered agent still identifies you under its own BSA program, and true anonymity from a regulated agent is not something any US state delivers.
How does the First-100 promo work?
First 100 NM LLCs are billed at $50 (state fee only) instead of the standard $119 SKU. The counter is live on /bundles. Renewal is published transparently at $69/yr from day one. No hidden uptick.
Can I convert to Wyoming later?
Yes. Domestication / re-domiciling is supported. Both the NM dissolution and the WY formation are handled in your all-in price.