Nevada company registration

DOING BUSINESS IN NEVADA IN 2018

Since 2003, Healy Consultants Group PLC has assisted multinational Clients with setting up their company in Nevada. Our services in the USA and Nevada include i) complete company registration and support licensing, ii) corporate bank account opening services with a top-tier USA banking group, iii) employee recruitment iv) visa strategies and v) office rental solutions.

Summary table of Nevada company registration

SummaryLimited liability companyGaming licensed companyLimited liability partnershipC CorporationTrust
Also known asSingle Member LLCOnline gaming companyLLPC CorpTrust
Best use of company?All products and servicesOnline gaming and betting servicesProfessional servicesTrading activitiesTax planning
How long to supply company registration/tax numbers?1 week1 week1 week1 week3 weeks
How long to supply a regulatory license?Not required4 monthsNot requiredNot requiredNot required
How soon can you invoice Clients/sign sales contracts?1 week4 months1 week1 weekCannot trade
How soon can you hire staff?1 week1 week1 week1 weekCannot hire
How soon can you sign a lease agreement?ImmediatelyImmediatelyImmediatelyImmediatelyCannot trade
How long to supply corporate bank account numbers?6 weeks6 months6 weeks6 weeks6 weeks
Corporate tax rate on annual net profits if properly structured?0%0%0%21%0%
Limited liability entity?YesYesYesYesYes
Government grants available?YesYesYesYesNo
Government approval required for foreign owners?NoYesNoNoNo

Resident director/partner/manager/legal representative required?NoNoNoNoNo
Minimum paid up share capital?US$1

US$1US$1US$1US$1
Can bid for Government contracts?YesYesYesYesNo
Corporate bank account location?JP Morgan ChaseBank of America Merrill LynchCity National BankWells FargoCitibank
Can secure trade finance?YesYesYesYesNo
VAT payable on sales to local customers?6.85%6.85%6.85%6.85%None
Average total business set up engagement costs?US$7,740Request a proposalUS$8,940US$10,100Request a proposal
Average total engagement period?2 months6 months2 months2 months2 months

Nevada business setup summary

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  • Benefits of Nevada company registration

    Nevada business registration challenges

    1. Nevada is a great place to register tourism or entertainment business, because:
      • Each year 40 million tourists visit Nevada with record spending up with 16% in 2016 and 2017;
      • 25% of the state’s population is working in the tourism industry, offering east access to capable workforce;
      • Nevada is consistently ranked in the top 10 USA states in terms of business friendliness;
      • The State is positively ranked as second survivable state for small businesses;
      • Las Vegas is a top destination for trade shows with more than 6.3 million visitors in 2016.
    2. Registering a company in Nevada is tax-efficient, because:
      • Businesses in Nevada enjoy no franchise, nor corporate, nor inventory taxes;
      • Personal taxation in Nevada is abolished in comparison to neighboring States;
      • Nevada forms its tax revenues mostly from i) sales tax of 6.9% and ii) excise taxation.
    3. There is abundance of infrastructure projects in Nevada, because:
      • Being a large state with high volumes of visitors, Nevada always offers infrastructure development projects, most recently for US$346m;
      • Nevada’s infrastructure is struggling to meet demand, with recent grade of just “C-“. Consequently, there is a abundant need of investments in maintenance;
      • The predominantly dry State is budgeting for 4 billion in investment allocated for water infrastructure, due to growing public demands;
      • Nevada houses one of the fastest growing state populations, which will ultimately increase demand for improved infrastructure.
    4. Nevada is a business- friendly place because of the following:
      • A Nevada-incorporated company has no minimum initial capital requirements;
      • A complete privacy is given to the shareholders of the companies;
      • It is the only state in the US that does not have a formal information-sharing requirement with the IRS;
      • There are no statutory requirements for the stockholders, directors and officers to be Nevada residents or US citizens, same as in the other states;
      • There are no statutory requirements for the stockholders, directors and officers to hold meetings in Nevada.
  • Problems of Nevada company registration

    1. Las Vegas economy and gaming industry is yet to recover, because:
      • The gaming industry in Nevada is observing low growth rates due to i) the 2008 economic crisis and ii) shift of business investments in South East Asia;
      • Las Vegas is yet to reach the gaming revenues generated from 2006-2007;
      • MGM Resort’s long-term debt has skyrocketed since 2012;
      • Housing prices in Las Vegas are climbing higher while there is looming lack of diversity and inventory;
      • Macau’s gaming and gambling revenues have doubled over the past couple of years, with significantly higher GGR (gross gaming revenue) than Last Vegas at US$28 billion.
    2. Nevada requires dual registration of companies, and comply to below regulations:
      • If an entrepreneur wishes to incorporate a branch or subsidiary of his Nevada business in another state, then he is required to register in both Nevada and the other state;
      • The company needs to maintain registered agents in both Nevada as well as in the other state;
      • If any of the companies get associated in litigation, the laws of Nevada and the other state might be required to be applied depending on the nature of the case.
    3. Annual tax return filing is mandatory in Nevada. However, many jurisdictions in the US do not require companies to file their annual tax-returns, such as Wyoming.
  • Best uses

    • Registering a tourism business in Nevada guarantees cost-efficient operations due to i) abundance of visitors and ii) low tax State in a high-taxation country.

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

Select corporate structure
Business set up guide
Visa and migration options
Business set up strategy
Trademark registration
FATCA
Frequently asked questions

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:
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