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

SummaryLLCC-CorporationLLPTrustBranch
Best use of company?All purposeGlobal tradingProfessional servicesTax planningConsolidate profits
How soon can you invoice Clients/sign sales contracts?1 week2 weeks1 week2 weeks2 weeks
How soon can you hire staff?1 week7 weeks1 week2 weeks2 weeks
How soon can you sign a lease agreement?ImmediatelyImmediatelyImmediatelyImmediatelyImmediately
How long to supply corporate bank account numbers, after company set up?6 weeks6 weeks6 weeks6 weeks6 weeks
How long to supply company / entity registration numbers?1 week2 weeks1 week2 weeks2 weeks
Corporate tax rate on annual net profits?0%0%0%0%0%
Federal tax rate on annual net profits?0%25%0%0%25%
Limited liability entity?YesYesYesNoNo
Resident director/partner/manager/legal representative required?NoNoNoNoYes
Minimum /recommended paid up share capital?US$1US$1US$1US$1N/A
Local registered agent required?YesYesYesNoYes
Corporate bank account location?Wells FargoBNYBOACiti BankTD Bank
Sales tax payable on sales to local customers?6.85%6.85%6.85%0%6.85%
Average total business set up engagement costs? (US$)7,74010,1008,940Request a proposal8,940
Average total engagement period?2 months3 months3 months3 months3 months

Nevada business setup summary

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  • Benefits of Nevada company registration

    Nevada business registration challenges

    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.

    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.

    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.
  • Problems of Nevada company registration

    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.
  • 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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