Forming a New Mexico LLC for Portuguese Remote Developers
New Mexico LLCs provide a low-cost, privacy-focused structure for Portuguese-based developers operating internationally. This jurisdiction requires no annual reports, reducing administrative overhead for solo founders.
Mercury banking serves as a compatible financial partner for US-based LLCs owned by non-residents. Founders must maintain strict compliance with US IRS reporting requirements to avoid significant financial penalties.
Model the full outlay, not just the setup fee
- SetupMercury (banking-only) setup$0.00
- AnnualYear 2 renewal$0.00
What the tax authority sees
US LLCs are pass-through entities for federal tax purposes, meaning non-US owners without a US trade or business (ETBUS) are generally not subject to US federal income tax on foreign-sourced income.
NHR (Non-Habitual Resident) regime — being phased out 2024
New Mexico is ideal for privacy and low maintenance, but ensure your Portuguese tax residency status is documented to avoid double taxation under the US-Portugal tax treaty.
- 01Form 5472 and 1120 penalty of $25,000 for late or missing filings
- 02Potential permanent establishment risk in Portugal if management occurs locally
- 03US-source income may trigger 30% withholding tax without proper W-8BEN-E documentation
From filing to funded bank account
US LLC (New Mexico) vs Estonia OÜ (e-Residency)
FAQ
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.