Nevada company registration

Nevada company registration

DOING BUSINESS IN NEVADA

Nevada business registration is an excellent way to legitimately book international profits without paying local corporation tax. Healy Consultants offers a comprehensive company registration services to international entrepreneurs:

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  • Advantages of Nevada company registration

      Nevada business registration challenges
    1. Nevada business entities are exempt from paying corporate income tax, provided that the revenue is i) only sourced from the state of Nevada or ii) is only sourced from outside of the USA;
    2. Furthermore, business entities are exempt from i) tax on corporate shares or LLC ownership ii) franchise tax iii) admissions tax and iv) unitary tax or state or gift tax. Business entities are only subject to federal taxation;
    3. Individuals residing in Nevada are also exempt from paying personal income tax;
    4. There is no public registry of Nevada business entities’ shareholders and owners. Their identity remains fully anonymous;
    5. It is one of the only states in the USA that hasn’t signed the Information Sharing Agreement (ISA) with the Internal Revenue Service (IRS). Under such agreement, the states the federal government share information on abusive tax avoidance transactions and taxpayers who are participants of them;
    6. Directors and officers are not personally liable for the corporation or its shareholders and creditors in relation with their services to the business entity;
    7. A business entity’s annual meeting does not need to be held in the state of Nevada, even being allowed to happen overseas.
  • Disadvantages of Nevada company registration

    1. Nevada is one of the most expensive states to register a business in the USA. Furthermore, business entities are required to pay annual renewal fees such as Business License Fee and annual report fees, which are also above the national average;
    2. Although there is no public register of shareholders and owners, during incorporation, business entities are required to i) name an initial director or manager in the articles of association, which will be available at the company’s public records, and ii) to submit an initial list of officers and members, which will also be available to the public;
    3. Furthermore, business entities are required to submit an annual list of officers and directors to the company registrar. However, the state allows the appointment of nominee directors and officers. If required, Healy Consultants can provide nominee director/manager services to support our Clients’ business formation;
    4. Finally, due to its advantageous taxation regime and protection of shareholder’s identities, Nevada may be seen as a not so reputable state, therefore some businesses registered in the state might face issues when dealing with Clients and suppliers.

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Company registration

  • Time to incorporate: One week
  • Cost to set up: US$7,740
  • Minimum capital: US$0
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: Yes
  • Resident director: No

Key facts

  • Corporate tax rate: 35%
  • Corporate tax base: Worldwide
  • Shelf companies: No
  • Main company type: LLC

Frequently asked questions

Contact us

For additional information on our company registration services in Nevada, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
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