New Mexico LLC via doola — Spanish Nomad Consultants
Spanish nomad consultants who want the lowest US LLC carrying cost pick New Mexico for its zero annual state report and franchise tax. The tradeoff vs Wyoming is minor brand recognition; the savings compound $60-350/year over multi-year operations.
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. Spain side: Beckham Law expats keep the 24% flat rate on Spanish-source income; Model 720 discloses foreign entities above EUR 50,000; CFC rules of Ley 27/2014 art. 100 apply to passive holdings.
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 Spanish resident owes no US federal tax when non-ETBUS with no effectively connected income; Form 5472 (IRC §6038A) mandatory yearly; Spanish Model 720 required above EUR 50,000.
Beckham Law regime; autónomo alternative comparison
New Mexico offers the lowest US carrying cost; Beckham Law and Model 720 rules apply state-agnostically.
- 01Form 5472 penalty $25,000 per year (IRC §6038A)
- 02Model 720 disclosure required above EUR 50,000; minimum EUR 1,500 per omission
- 03Beckham Law does not cover active LLC service income performed from Spain
- 04Spanish CFC rules (Ley 27/2014 art. 100) may attribute passive LLC income
From filing to funded bank account
US LLC (New Mexico) vs Estonia OÜ (e-Residency)
FAQ
Yes for B2B (reverse charge IVA handling). B2C Spanish consumers pay Spanish IVA which the LLC would need to collect via OSS registration if the sales are digital services above EU thresholds. Solo consulting invoices to Spanish corporates use reverse charge — buyer self-assesses IVA.
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.