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US LLC (New Mexico) · via Mercury (banking-only)·🇹🇷Founder profile

Forming a New Mexico LLC for Turkish E-commerce Sellers

VerifiedJul 2026
EligibilityEligible
Setup timeline21–45days
Year-1 total$0.00

Turkish e-commerce sellers can establish a New Mexico LLC to access US payment processors and banking platforms like Mercury. This structure functions as a pass-through entity for US federal tax purposes.

Founders must remain compliant with both US IRS reporting requirements and Turkish tax obligations under KVK Article 3 regarding foreign-controlled entities.

§ 01Cost of ownership

Model the full outlay, not just the setup fee

Renewal costs sneak up on non-resident founders. Compare year-1 filing against a 3-year total to see the real bill.
Currency · USD (live FX)
2-year cost of ownership
$0.00
≈ $0.00/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupMercury (banking-only) setup
    $0.00
  • AnnualYear 2 renewal
    $0.00
Total$0.00
§ 02Tax residency · Turkish E-commerce Sellers

What the tax authority sees

US federal / local status

New Mexico LLCs are treated as pass-through entities for federal tax purposes, requiring compliance with IRS Form 5472 and 1120 for foreign-owned single-member LLCs.

Home-country rule

KVK Article 3; Etsy/Amazon marketplace withholding rules apply

Editorial verdict

Use a New Mexico LLC for low-cost entry, but ensure your Turkish tax advisor accounts for KVK Article 3 and potential double taxation via the US-Turkey tax treaty.

Key compliance risks
  • 01Form 5472/1120 penalty of $25,000 for late or missing filings
  • 02Etsy/Amazon marketplace withholding tax obligations
  • 03Potential permanent establishment risk under Turkish KVK Article 3
§ 03Setup timeline

From filing to funded bank account

Setup timeline
21–45days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d11
d23
d34
d45
01FilingMercury (banking-only) submits formation docs
d0–d16
02Tax ID / EINIRS EIN issuance
d14–d34
03BankingBusiness account approved & funded
d27–d45
§ 04Head-to-head

US LLC (New Mexico) vs Estonia OÜ (e-Residency)

Full comparison →
US LLC (New Mexico)
LLC
Estonia OÜ (e-Residency)
OÜ
Entity
LLC
OÜ
Setup cost
$50.00
$205.20
Annual
$0.00
$129.60
Local director
Remote OK
Remote OK
Physical presence
Remote OK
Remote OK
Tax regime
No annual report; federal only on US-source income
20% only on distributed profit; 0% on retained earnings
§ 05Questions founders actually ask

FAQ

If your LLC has no physical presence (office or employees) in the US and no US-sourced income, you generally do not owe US federal income tax. However, you must still file informational returns (Form 5472 and 1120) with the IRS.
More profiles for US LLC (New Mexico)
Turkish E-commerce Sellers — other jurisdictions
Next step

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.

Claim on Mercury (banking-only)