Register a company in Nevada

Over the past few decades, the state of Nevada has become an ideal region for the investment activities of businessmen from all over the world. Registering a company in Nevada allows you to invest capital without the need to pay taxes and fees in favor of government agencies.

Offshore companies in Nevada: features of tax policy

  Despite the investment attractiveness of the state, it cannot be classified as a classic offshore zone. There is no income tax in Nevada. Thus, non-residents of the country are exempt from paying duties in favor of the state if the activities of corporations registered in the state are carried out within another jurisdiction.

  For all business participants, a single income tax rate is provided. It also applies to non-residents of the state and is 6.5%. The attractiveness of the region is also due to the minimum rate of property tax.

  Each owner of private property pays a sum of money calculated at the legislative level in favor of the state, the amount of which depends on the market value of housing. A progressive tax rate applies. However, the authorities do not compensate for possible losses incurred by the region's budget due to the elimination of income tax by increasing indirect fees. In Nevada, a private property owner pays roughly $1,800 a year, compared to the state's average real estate value of $200,000.

The tax system of the region has a number of characteristic features. This manifests itself in the following:

1. Companies that sell food for personal consumption are exempted from the burden of the tax burden. In addition, pharmaceutical enterprises that produce medicines according to individual prescriptions do not pay annual fees. Opening a company in Nevada in this area is an opportunity to legally evade taxes.
2. The counties and boroughs of the state, as local governments, have the right to increase the sales tax to 1.5%, starting from a flat rate of 6.5%.
3. Service fees are paid by vehicle owners, including those registered as legal entities and non-state residents. Its size depends on the year of manufacture of the vehicle, as well as its average market value. For example, a Nevada-registered company that owns a vehicle worth up to $20,000 would pay a fee of $300 annually.

Open a company in Nevada: features of corporate policy

Formally, this state is not classified as offshore. However, an analysis of the legislation of the region allows us to conclude that favorable conditions for doing business have been formed within this jurisdiction. They appear as follows:

• The absence of income tax is replaced by an annual statutory and registration fee.
• To carry out a number of financial transactions, legal entities acquire licenses.
• At the time of filing documents for registration of the company, the founders submit Article of Incorporation to the state fiscal authorities. This is a document that reflects information not only about the founders, but also about all the entities participating in the activities of the company. This information is kept in closed registries, which excludes the possibility of third parties gaining access to it.

Characteristics of the main forms of doing business in Nevada

Within the framework of this jurisdiction, opening a company is possible only in the form of joint-stock companies with limited liability. This organizational and legal form provides the owner of the company with a number of advantages:

1. There is no taxation of income received by shareholders from the sale of shares at open auctions.
2. Nevada does not have active agreements with the IRS. This eliminates the possibility of requesting information about the organizational structure of a joint-stock company registered in Nevada.
3. There is no personal and property liability of the company's owners for the company's debts.
4. Can issue bearer shares.

 The result of a competent tax and corporate policy of the state is:

• the influx of foreign investors into this jurisdiction;
• the possibility of carrying out entrepreneurial activities without a tax burden;
• complete anonymity of participants in business processes;
• no income tax, and in some cases no income on company profits, when it comes to setting up an enterprise operating in the field of food retailing or the production of prescription drugs.