Set Up a Company in Nevada

Entrepreneurs who set up a company in Nevada, and who have profit centre activities outside the U.S., benefit from this low-tax jurisdiction. Clients often set up a company in Nevada if they need a simple company and bank account to purchase or hold property, or to accept contract and consulting payments. The following information is tailored for international business people planning to set up a company in Nevada.

The procedures to set up a company in Nevada are quick and straightforward. There are no minimum capital requirements to set up a company in Nevada. In addition, a minimum of one director and one shareholder is required to set up a company in Nevada. Corporate shareholders are permitted.

Starting a business in Nevada offers discreet investors a chance to invest in the U.S. and not deal with typical tax agendas. Nevada and Texas are the only states in the U.S. without information sharing agreements with the Internal Revenue Service (IRS). In addition, there is no state public register of businesspeople choosing to set up a company in Nevada.

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Entrepreneurs who set up a company can legitimately house tax-exempt international profits, provided the income is sourced outside the U.S. and the shareholders and directors are not U.S. residents.

Investors who set up a company in Nevada benefit from a stable jurisdiction with a highly-developed legal system.

Having set up a company in Nevada, Healy Consultants can open an international corporate bank account on behalf of our client with one of the world's leading retail banks, such as HSBC, Standard Chartered or Citibank.

Having set up a company in Nevada, it is not necessary to submit annual audited financial statements to the Nevada authorities. As such, there are minimal company maintenance obligations for investors who set up a company in Nevada.

However, note that entrepreneurs who set up a company in Nevada may face a 'corporate stigma' due to the state's reputation for gambling and vice.