New Mexico LLC via doola — Egyptian Freelancers
New Mexico is the cheapest US LLC state to maintain — no annual state report, no franchise tax. For Egyptian freelancers who invoice a few international clients per month and want minimum US administrative friction, NM saves ~$60/year vs Wyoming.
US tax: LLC pays $0 federal tax when non-ETBUS with no effectively connected income. Form 5472 + pro-forma 1120 mandatory yearly under IRC §6038A; $25,000 penalty. Egypt side: Law 91/2005 taxes worldwide personal income at 10-27.5% progressive on distributions received; CBE tightens scrutiny on inbound USD wires above ~USD 10,000.
doola completes NM formation + EIN + Mercury in 14-28 days.
Model the full outlay, not just the setup fee
- Setupdoola setup$297.00
- AnnualYear 2 renewal$297.00
What the tax authority sees
A New Mexico LLC held by an Egyptian resident owes no US federal tax when non-ETBUS with no effectively connected income; Form 5472 (IRC §6038A) mandatory yearly with no state annual report fee.
Egyptian Tax Authority Law 91/2005 on foreign income
New Mexico LLC is the lowest-friction US state for Egyptian freelancers — no state report, no franchise tax; Egyptian Law 91/2005 handles the personal tax side.
- 01Form 5472 penalty $25,000 per year (IRC §6038A)
- 02Egyptian Law 91/2005 taxes worldwide personal income at 10-27.5% on distributions
- 03CBE FX inbound wire scrutiny above USD 10,000
- 04Freelancer Syndicate fees still apply personally to your local activity
From filing to funded bank account
US LLC (New Mexico) vs Estonia OÜ (e-Residency)
FAQ
Because you never visit, state prestige is irrelevant — Egyptian clients and US SMBs care about your professional work, not your LLC's formation state. NM has zero annual state filings and no franchise tax, so it is genuinely the cheapest US LLC to maintain long-term.
Start filing with doola
Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.