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US LLC (New Mexico) · via doola·🇵🇹Founder profile

New Mexico LLC via doola — Portuguese Remote Developers

VerifiedJul 2026
EligibilityEligible
Setup timeline14–28days
Year-1 total$297.00

Portuguese remote developers who want the cheapest US LLC to run alongside grandfathered NHR pick New Mexico for the zero state annual reporting. Wyoming and Delaware add $60-350/year in state fees for identical tax outcomes.

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. Portugal side: NHR grandfathering still shields foreign-source active income at 10% for the 10-year window; IRC art. 66 CFC rules may attribute passive LLC income.

Modelo 3 Annex J discloses the LLC ownership annually.

§ 01Cost of ownership

Model the full outlay, not just the setup fee

Renewal costs sneak up on non-resident founders. Compare year-1 filing against a 3-year total to see the real bill.
Currency · USD (live FX)
2-year cost of ownership
$594.00
$24.75/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • Setupdoola setup
    $297.00
  • AnnualYear 2 renewal
    $297.00
Total$594.00
§ 02Tax residency · Portuguese Remote Developers

What the tax authority sees

US federal / local status

A New Mexico LLC held by a Portuguese resident pays no US federal tax when non-ETBUS with no effectively connected income; Form 5472 (IRC §6038A) mandatory yearly; Portuguese CFC rules (IRC art. 66) may attribute passive LLC income.

Home-country rule

NHR (Non-Habitual Resident) regime — being phased out 2024

Editorial verdict

New Mexico LLC minimizes US-side annual cost; grandfathered NHR holders still get 10% shelter on foreign-source active income during the 10-year window.

Key compliance risks
  • 01Form 5472 penalty $25,000 per year (IRC §6038A)
  • 02IRC art. 66 CFC attribution for passive LLC income
  • 03Modelo 3 Annex J disclosure; EUR 375-22,500 per omission (RGIT)
  • 04NHR closed to new applicants after Dec 31 2023; IFICI successor is narrower
§ 03Setup timeline

From filing to funded bank account

Setup timeline
14–28days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d7
d14
d21
d28
01Filingdoola submits formation docs
d0–d10
02Tax ID / EINIRS EIN issuance
d8–d21
03BankingBusiness account approved & funded
d17–d28
§ 04Head-to-head

US LLC (New Mexico) vs Estonia OÜ (e-Residency)

US LLC (New Mexico)
LLC
Estonia OÜ (e-Residency)
Entity
LLC
Setup cost
$50.00
$205.20
Annual
$0.00
$129.60
Local director
Remote OK
Remote OK
Physical presence
Remote OK
Remote OK
Tax regime
No annual report; federal only on US-source income
20% only on distributed profit; 0% on retained earnings
§ 05Questions founders actually ask

FAQ

Yes. Portuguese contabilistas certificados handle any US-formed LLC identically on Modelo 3 Annex J. The state of formation appears on the declaration but does not change Portuguese tax treatment. NM is fine.

Next step

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.