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US LLC (New Mexico) · via Mercury (banking-only)·🇦🇷Founder profile

Forming a New Mexico LLC for Argentine SaaS Founders

VerifiedJul 2026
EligibilityEligible
Setup timeline21–45days
Year-1 total$0.00

New Mexico LLCs provide a private, low-maintenance structure for Argentine founders to hold USD revenue outside of the local banking system. This jurisdiction requires no annual reports, reducing administrative overhead for remote teams.

By pairing a New Mexico LLC with a Mercury account, founders can manage operational expenses in USD while maintaining compliance with US federal tax reporting obligations.

§ 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
$0.00
≈ $0.00/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupMercury (banking-only) setup
    $0.00
  • AnnualYear 2 renewal
    $0.00
Total$0.00
§ 02Tax residency · Argentine SaaS Founders

What the tax authority sees

US federal / local status

Non-US resident owners of a single-member LLC are subject to US federal tax only on income effectively connected with a US trade or business (ETBUS) under IRC Section 871.

Home-country rule

BCRA capital controls; USD hedging via US LLC common practice

Editorial verdict

New Mexico LLCs offer high privacy and no annual report requirements, making them ideal for managing USD revenue while navigating Argentine capital controls.

Key compliance risks
  • 01Form 5472 and 1120 penalty of $25,000 for failure to file
  • 02Argentine AFIP reporting requirements for foreign assets
  • 03Potential US source income withholding tax
§ 03Setup timeline

From filing to funded bank account

Setup timeline
21–45days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d11
d23
d34
d45
01FilingMercury (banking-only) submits formation docs
d0–d16
02Tax ID / EINIRS EIN issuance
d14–d34
03BankingBusiness account approved & funded
d27–d45
§ 04Head-to-head

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

Full comparison →
US LLC (New Mexico)
LLC
Estonia OÜ (e-Residency)
OÜ
Entity
LLC
OÜ
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

No. The formation process for a New Mexico LLC is entirely remote. You will need a registered agent in New Mexico to accept legal documents on your behalf.
More profiles for US LLC (New Mexico)
Argentine SaaS Founders — other jurisdictions
Next step

Start filing with Mercury (banking-only)

Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.

Claim on Mercury (banking-only)