New Mexico LLC via doola — Argentine SaaS Founders
Argentine SaaS founders on a bootstrapped path (no US venture plans) pick New Mexico for the absolute lowest US carrying cost — zero annual state report, no franchise tax. doola completes NM + EIN + Mercury in 14-28 days.
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. Argentina side: Bienes Personales taxes foreign LLC equity 0.5-2.25% tiered; Impuesto a las Ganancias taxes distributions up to 35% progressive; BCRA capital controls dictate that inbound Mercury USD stays outside official conversion.
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 Argentine resident pays no US federal tax when non-ETBUS with no effectively connected income; Form 5472 (IRC §6038A) mandatory yearly with $0 state annual reporting.
BCRA capital controls; USD hedging via US LLC common practice
New Mexico beats Wyoming and Delaware on carrying cost — no franchise tax, no annual report; Bienes Personales still applies to LLC equity.
- 01Form 5472 penalty $25,000 per year (IRC §6038A)
- 02Bienes Personales on foreign LLC equity — 0.5-2.25% tiered brackets
- 03BCRA capital controls block official-rate USD repatriation over USD 200/month personal
- 04Impuesto a las Ganancias on distributions up to 35% progressive
From filing to funded bank account
US LLC (New Mexico) vs Estonia OÜ (e-Residency)
FAQ
NM has zero state annual report and no franchise tax. Wyoming charges $60/year. Over 5 years NM saves ~$300 vs Wyoming with functionally identical Mercury/Stripe operation. For bootstrapped SaaS with no VC plans, NM is the optimal cost floor.
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.