Registration of company in Nevada

Nevada is among the most popular U.S. states for registering and doing business, including international business. The local laws provide low tax rates while providing a high level of asset protection. Regarding taxation, the only thing to consider is the federal income tax (21%).

Entrepreneurs from all over the world consider Nevada a final destination for investment in e-commerce, tourism, and gambling. Registering a company in Carson City, Las Vegas, or any other city in the state can bring many benefits, including the following.

Advantages of Nevada as a business registration jurisdiction

If you intend to start a business in Nevada, the decision could potentially be beneficial because of the following advantages of the jurisdiction:

• developed economy;
• ease of incorporation of companies, including non-residents;
• confidentiality of ownership of property as well as companies in Nevada;
• developed infrastructure;
• the low tax burden on businesses;
• no mandatory reporting and record-keeping requirements.

Forms of legal and business presence

If you plan to open a business in Nevada, it is possible to do so through one of these most common options:

• A limited liability company is a type of business that can be registered even by one person, including non-residents. It is the simplest form of business, in which its owners do not bear any responsibility beyond the funds they have contributed. Therefore, there are no requirements for this business’s share capital requirement.
• C corporation is a joint-stock company designed to attract large amounts of financial resources and can be established even by one member. The owners’ liability of the shares is limited to the value of the shares. These shares can be resold to third parties without conditions and offered on the stock market. The disadvantage of this type of corporation is double taxation – income is taxed at the corporate and individual shareholder levels.

There are other forms of business in Nevada. Tell Prifinance lawyers your business objectives to find the best option for your case.

Procedure for registering a new legal entity

Company registration in Nevada covers the following interrelated steps:

• Selection of activities and forms for starting your business in Nevada.
• Gathering details about the ultimate beneficiaries and founders of the company.
• Finding and arranging a legal address for your future business in Nevada.
• Preparing and executing registration and incorporation documents and then filing them for incorporation.
• Registration for tax purposes and mandatory social security contributions.
• Opening bank accounts for the registered business.
• Registration of additional licenses for regulated companies.

Contact Prifinance lawyers for a customized plan for registering your business in Nevada.

Legislation, Regulatory Environment, and Taxation Specifics

State laws are focused on stable business development and protection. As a result, registering a new business without too much bureaucratic red tape is easy. Non-residents enjoy the same rights as state residents. In addition, there are no restrictions on foreigners registering companies in the state.

However, local businesses must obtain business licenses. There are no state taxes on company profits, capital gains, property, or income taxes. There is also no mandatory capital contribution requirement at the time of business registration in Nevada.

How Prifinance lawyers can help

• Evaluate the possibility and potential profitability of opening a company in Nevada in your case, as well as develop several equally profitable options, which, as the experience of Prifinance lawyers shows, is possible in any case;
• Collect and process all necessary data and documents for the formation of a new legal entity in Nevada;
• Draw up and execute registration and incorporation documents for the subsidiary firm in Nevada with their further filing for review;
• Support the process of opening bank accounts for the future company in Nevada;
• Provide legal support to resolve all situations that may arise during the operation of the new legal entity in Nevada.