New Mexico LLC via doola — Filipino Remote Workers
Filipino remote workers who want the cheapest US LLC pick New Mexico — zero annual state filings, no franchise tax. doola handles formation + EIN + Mercury in 14-28 days for $297.
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. Philippines side: BIR RR 8-2018 covers freelancer registration for PH-source income; TRAIN Law taxes distributions received at 0-35% progressive; BSP Circular 984 tracks outbound above USD 60,000.
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 a Philippine resident owes no US federal tax when non-ETBUS with no effectively connected income; Form 5472 (IRC §6038A) mandatory yearly with no state annual report.
BIR Revenue Regulation 8-2018; freelance registration
New Mexico is the cheapest US LLC state to maintain — zero franchise tax and no annual report; TRAIN Law and BIR RR 8-2018 handle PH side.
- 01Form 5472 penalty $25,000 per year (IRC §6038A)
- 02BIR RR 8-2018 freelancer registration for PH-source income
- 03TRAIN Law personal income tax 0-35% on distributions received
- 04BSP Circular 984 outbound investment reporting above USD 60,000
From filing to funded bank account
US LLC (New Mexico) vs Estonia OÜ (e-Residency)
FAQ
Yes. Stripe accepts any US-formed LLC with EIN and US business address. NM + EIN + Mercury + doola business address package unlocks Stripe in 5-10 days. No difference vs Wyoming or Delaware for Stripe activation.
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.