New Mexico LLC: The Cheapest Anonymous LLC for Non-Residents (2026)

If you want the lowest-cost US LLC with built-in privacy, New Mexico is hard to beat. It is the only popular state with no annual report and no yearly state fee, making it ideal for lean online businesses.

Why choose New Mexico?

• No annual report fee — you pay once to form and that is essentially it.
• Anonymous: members are not listed on the public record.
• Low formation cost.
• Non-resident friendly — no SSN or US residency needed.

The trade-offs

New Mexico is newer to the LLC scene than Wyoming or Delaware, and it lacks Wyoming-style case law for asset protection. For most small eCommerce and freelance businesses that is not an issue, but capital-raising startups should consider Delaware instead.

How to form a New Mexico LLC

1. Pick a unique name.
2. Appoint a New Mexico registered agent.
3. File the Articles of Organization.
4. Get your EIN and open banking.
5. File your BOI report.

New Mexico vs Wyoming

New Mexico wins on lowest ongoing cost; Wyoming wins on asset-protection law and reputation. Compare all three in our best state guide.

FAQ

Is a New Mexico LLC really anonymous?

Owner names are not published by the state, giving strong privacy.

Are there hidden yearly fees?

No state annual report — your main recurring cost is the registered agent.

Start with 3Companion

3Companion forms US & UK companies for non-residents in 150+ countries — LLC, C-Corp, EIN/ITIN, banking and compliance, 100% remote. Start your application or message us on WhatsApp for a free consultation.