Forming an LLC in New Mexico costs a one-time $50 state filing fee. After that there is no recurring state fee, which keeps ongoing cost unusually low. The fee is identical whether you are a US resident or a non-resident. Cheap, anonymous, and no annual report - a popular privacy and low-maintenance option.
What does an LLC cost in New Mexico?
| Cost | Amount |
|---|---|
| One-time state filing fee | $50 |
| Annual/biennial report | None - $0 |
| Franchise / annual state tax | None - $0 |
| Registered agent (required) | Typically $50-$125 a year from an independent provider |
| Recurring state fees per year | $0 in state fees |
| Typical first-year state cost | About $50 (filing + first-year state fees, excluding services) |
Compare New Mexico against all 51 states by cost →
Open the official New Mexico registration page ↗
Official destination: New Mexico Secretary of State. Confirm the current filing form, fee and process on that site before paying.
State fees go to New Mexico and are the same through any formation service - a service fee sits on top of these numbers, never instead of them. Filing directly with the state is always the cheapest route on paper; what you pay a provider for is coordination.
New Mexico LLC at a glance
| One-time filing fee (to form) | $50 - paid once |
| Processing time | ~1-3 weeks |
| Ongoing annual/biennial report | No annual report |
| Separate franchise / annual tax | None |
| State income tax | Yes |
| State sales tax | 4.875% (gross receipts) |
| Sales-tax economic nexus | $100,000 |
| Registered agent | Required (in-state address) |
| Publication requirement | No |
| Anonymous ownership | Allowed (members off public record) |
| Fees for non-residents | Identical - state fees do not depend on residency |
State cost data last checked 2026-07-21; the registration destination was cross-checked against the SBA state directory on 2026-08-23. Fees, forms and deadlines still change - confirm on the linked official site and tax authority before filing.
Do non-residents pay more in New Mexico?
The state fees above are the same for everyone - New Mexico does not charge non-residents more to form or maintain an LLC. What changes is the surrounding process and your tax obligations, not the price.
- A New Mexico registered agent is mandatory - you cannot list your own foreign address.
- Get your EIN with Form SS-4 by fax or phone (the instant online tool needs an SSN or ITIN).
- A foreign-owned single-member LLC must file Form 5472 every year - a $25,000 penalty if missed.
- You may owe no US income tax on remote work, but still have US reporting and home-country tax.
- US banking is harder and depends on your residence country - check eligibility before you form.
- You can act as your own registered agent with a New Mexico street address.
- You can get an EIN online instantly with your SSN.
- Form 5472 generally does not apply; you report on your personal return.
- An S-corp election can cut self-employment tax once profit is high enough.
- Forming outside your home state can create a second registration and fee set.
Check banking eligibility for your country · Do I owe US tax / must I file 5472?
Does New Mexico fit your situation?
New Mexico lets LLC members stay off the public record, which appeals to privacy-focused owners. It levies a state income tax. Cheap, anonymous, and no annual report - a popular privacy and low-maintenance option.
If you do not live or operate in New Mexico, remember that forming here while working elsewhere can create a second state registration (foreign qualification) and a second set of fees. For most non-residents the decision comes down to banking acceptance and total cost - see the best-state comparison.
How do I form an LLC in New Mexico?
- Check name availability and appoint a New Mexico registered agent.
- File the Articles of Organization ($50) with the state.
- Get an EIN from the IRS (Form SS-4 by fax or phone if you have no SSN).
- Confirm banking and payment eligibility for your residence country.
- Track federal deadlines - there is no state annual report.
Generate your New Mexico deadline calendar · Check your US tax obligations
Quick answers
Frequently asked questions
How much does an LLC cost in New Mexico?
The New Mexico LLC filing fee is a one-time $50 paid to the state. There are no recurring state fees after formation. A typical first year is roughly $50 in state costs, before any registered agent or formation-service fees.
What is the New Mexico LLC filing fee in 2026?
$50, paid once to the state when you file the Articles of Organization. This is set by New Mexico and is the same through any formation service - services add their fee on top, they do not replace it.
What are the annual fees for a New Mexico LLC?
New Mexico does not charge an annual report fee. There is no separate franchise or annual state tax. Budget separately for a registered agent, typically $50-$125 a year.
Does New Mexico require an annual report?
No. New Mexico does not require an LLC annual report, though you must keep a registered agent and any federal filings current.
Is New Mexico a good state for a non-resident LLC?
New Mexico allows anonymous ownership. Cheap, anonymous, and no annual report - a popular privacy and low-maintenance option. Base the decision on where you actually operate, banking acceptance and total cost, not only the filing fee.
Do non-residents pay a different LLC fee in New Mexico?
No. New Mexico charges the same one-time $50 filing fee and the same ongoing fees regardless of whether the owner is a US resident or a non-resident. What differs for non-residents is the process (registered agent, EIN by fax, Form 5472), not the state fees.
Is the filing fee the same as the annual fee?
No - these are two separate charges. The $50 is a one-time fee to form the LLC. New Mexico then has no separate annual report fee. People often confuse the one-time formation fee with the smaller recurring annual fee.