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USA - Nevada

Locations

If you are thinking of establishing a company in the United States, then you should choose between Nevada and Delaware. Absolute anonymity. Nevada, also called „corporate heaven“ has no income tax for citizens or businesses. There are no catches or exceptions. It is very easy to start a new company in Nevada and start doing business.

Opportunities for investors

A company based in Nevada is suitable for investors who want to physically operate their business here. Incorporating a company in Nevada is relatively quick and easy, with the entire process taking anywhere from two to five business days, depending on the speed of the authorities. Only one shareholder and one director are required. Both functions can be performed by the same person.

Doing business in Nevada is very easy and the red tape is minimal.

Tax system

The tax system in the United States is quite complicated and extensive. In the system, there are federal taxes intended to finance federal projects, and in addition there are state taxes, the amount of which is determined separately by each state. Since the range of state taxes varies from state to state (often significantly), some US states are more suitable for business, some less so. Federal corporate income taxes range between 15 % and 35 %, depending on the amount of taxable income. The lowest rate applies to an income of $50,000. In general, the tax system is very complex, and it is useful to consult with professionals to effectively set up the structure of taxes paid.

Before doing business in the US, it is important to review the following information. There are two basic types of corporations in the United States with different taxation.

The first type is the Corporation (C-Corp), which pays corporate income tax at both the federal and state levels. If a company wants to pay dividends, it is required to pay dividend withholding tax, which is also paid at the federal and state levels. These taxes can be quite high. However, an optimization can be done by asking the IRS to allow you to pay tax only on a personal basis (this creates an S-Corp). This means that if the company reports a profit of one hundred thousand dollars, taxes are paid as if you made the profit yourself.

The second basic type of company is the Limited Liability Company (LLC), whose profits are taxed directly in proportion to the partners' share of ownership. Compared to an S-Corp, this type of company offers greater tax flexibility.

Basic information

  • Type of Legal Entity: Limited Liability Company (LLC)
  • Establishment time: 2 working days
  • Number of shareholders: in LLC named „members“ minimum 1, maximum not stated
  • Shareholders: members can be FOs or companies
  • Share capital: not defined
  • Shares on bearer: not allowed
  • A registered address in Nevada is required
  • Local registered agent required
  • Directors: in an LLC named „managers“ they can be appointed, but the LLC can operate without a manager, so the minimum is 0
  • Director Residency: Directors do not have to reside in Nevada

Taxation

  • No income tax for S-corporations
  • The state VAT rate is 6.85 % in the case of state supplies, local municipalities set VAT at up to 8.1 %. Every business entity doing business in Nevada must register for VAT. Not used for companies without local stores
  • Double taxation agreements with various countries were applied, determining tax rates on dividends, interest and royalties
  • Bookkeeping and annual return preparation required, tax return filing not required for non-US persons
  • The audit is not mandatory
  • Anonymity and privacy. Information about the board of directors and shareholders in the register of companies must not be published

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