Company Registration in Nevada
This state, known in the USA as "Battle Born," is primarily associated with its largest city, Las Vegas, the world's "gambling capital." Hence its main sources of income: gaming and hospitality business. However, Nevada, ranking 7th in the national tax climate rating in 2023, offers broad opportunities for developing related business areas - tourism, lending, service and food industries, medicine, as well as various IT projects, energy, and green technologies. Favorable location, low taxes, business-friendly legislation, and absence of bureaucratic obstacles make the state very promising for business, especially small and medium-sized businesses in the form of LLC. How to register a company in Nevada without time and financial losses?
Do You Need an American Visa to Register a Company?
The state does not impose such a requirement. A foreigner can register a company remotely by collecting the necessary documents, paying all fees, and hiring a registered agent. Creating an enterprise in Nevada is the first step toward obtaining a US visa, and then a green card for the non-resident's family.
Why Register an Offshore Company in Nevada
Although there are no offshore zones at the legislative level in the United States, Nevada, along with Delaware and Wyoming, is essentially one in a non-classical sense. In other words, an offshore company (Nevada) is an enterprise registered outside the country of residence of its owner and operating under special preferential conditions. Such foreign companies are not included in any international "black lists" and enjoy significant legal and tax privileges.
They are typically opened with specific goals - for example, to enter the global market; protect personal assets; minimize expenses; attract investments; conduct business online, without being tied to any particular territory.
Nevada offshore combines all the advantages of this business approach, being a much more respectable location in the eyes of investors and partners today than many classical offshore zones.
Main Advantages of the State for Entrepreneurs
The state's specificity (focus on entertainment), progressive laws, and innovations in management determine its advantages for business beginners in the USA. Main benefits to open a company in Nevada:
- Lowest tax burden in the western part of the country, including benefits in gambling, hotel, and exhibition business;
- Anonymity and confidentiality of founders', directors', and shareholders' data (a founder/director can even be a nominee);
- Quick company registration in Nevada (online business portal helps entrepreneurs navigate the legal field);
- Simple reporting requirements.
Which Business Structure to Choose
In Nevada, you can register either an LLC or a corporation. The first option is the most popular among startups because it offers:
- Protection of personal assets (owner is not liable with personal property for company obligations and debts);
- Flexible management and income distribution (without direct dependence on founders' share size);
- No requirements for creating a board of directors, number of company participants;
- Advanced taxation system;
- Regulation by legislation only of matters not regulated by the parties themselves.
It can be said that LLC in Nevada combines the advantages of individual entrepreneurship (simplicity of opening and conducting business) and corporation (minimum taxes, protection from personal liability).
How to Register a Company in Nevada: 8 Steps
- Choose a company name.
It should not have negative meaning and differ from names of companies already operating in the state. You can check the uniqueness of your option online in the local Secretary of State's office completely free of charge. Also, LLC names should use words like "limited liability company," "limited company," "Limited" (abbreviations like "Ltd.," "L.L.C." are possible) as reference to the organizational-legal form of the enterprise. Terms like "bank" or "insurance" cannot be used. You can reserve your name for $25 for 3 months by submitting the appropriate application by mail or on the web portal.
- Hire a registered agent.
Their name and address are public, entered into the founding documents, and they receive all important documents, tax and legal, on behalf of the company. While LLC members can live anywhere in the world, the agent must have a physical address in Nevada, be its resident or authorized legal entity.
- Prepare and submit the necessary package of documents.
First of all, this means the organization's charter. It specifies the legal name of the LLC, name, address, signature of the registered agent (their consent to accept powers is also attached to the charter) and other necessary information.
- Obtain a Federal Employer Identification Number (EIN) from the tax service.
With it, you can register with government agencies, hire staff, open a corporate bank account, obtain local business licenses, and start sales. The application is submitted online, no fee is charged.
- Obtain a business license from the Secretary of State.
It costs $200 for LLC ($500 for corporations), and it needs to be renewed every year for the same price. Other licenses may be needed depending on the county and chosen field of activity, it's worth checking with the local Department of Business and Industry. The initial business license application is submitted along with the charter.
- Prepare an operating agreement.
Not mandatory, but desirable: it's an internal tool to protect the company's operations and interests of its owners in the future. The document includes information about the registered agent, ownership structure, members' responsibilities, voting procedures, etc.
- Resolve insurance issues.
Companies in the USA (Nevada) must insure employees against accidents and unemployment, as well as their vehicles, regardless of their use, according to state rules. Commercial and general commercial property insurance is not mandatory but guarantees protection against emergencies, whether fire or lawsuit. There's also cyber insurance - for example, in case of digital data leaks.
- Open a corporate bank account.
Keep in mind that open limited liability companies in Nevada conducting business on its territory must file an annual report. The first one is attached to the charter during registration, subsequent ones - every year after the company's formation, on the website or by email. An LLC registered but not operating in the state is not required to file reports, nevertheless, it reflects all financial transactions in its accounting.
Features of Nevada's Tax System
Enterprises in Nevada pay:
- federal corporate income tax (21%),
- sales tax (6.85%; locally, for example, in Clark County, it's increased to 8.375%).
Timing and Cost of Company Registration
The registration fee in the state is one of the lowest - $75, then you need to re-register every year.
The procedure itself with a professional approach can take just 1 day, but on average takes 2-3 weeks. Sometimes it gets very delayed due to errors at the preparatory stage. Without involving experienced specialists, in 6 out of 10 cases, registration documents are rejected.
Why Choose Us?
Experts at US Business Services will quickly and error-free process your company registration in Nevada, accompanying you at every step.
All services are provided remotely, without the need for personal presence, saving your time and giving you freedom of action.
We'll help with opening a bank account, annual reporting, and asset protection for the reliability and growth of your business.
