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Guides · 6 min read · 14 Oct 2026
Wyoming vs New Mexico vs Delaware: which state is right for you?
A plain-language comparison of the three states we file in — costs, speed, privacy and when each one makes sense.
The short answer
For most international founders, Wyoming is the best balance of cost, speed and privacy.
New Mexico
- Cheapest to form and maintain — no annual report and no annual fee.
- Owner names are not published.
- Slower state processing (~12 business days).
Wyoming
- $69.99/year to stay in good standing.
- Fast: about 5 business days.
- Strong asset protection and privacy.
Delaware
- The jurisdiction investors and lawyers expect.
- Higher ongoing cost ($300 franchise tax).
- Choose Expedited if you need it in ~3 business days.
This is general information, not legal or tax advice.