09 June, 2017
If you're looking for a way how to maximize your profits, you should consider moving your business to tax-free state of Nevada.
Whether you want to start a new business or expand your existing business, relocating to Nevada will help you grow your profits due to its advantageous tax structure.
Favorable Tax Environment
Nevada is one of the best places in the United States to incorporate a business. The lack of inventory tax and income tax, low state payroll tax as well as affordable cost of living appeals to many companies.
Unfortunately, Nevada is not sales tax-free. The current total sale rate tax is between 6.85% and 8.265%.
Nevada has been ranked a very favorable state in the Tax Foundation's Business Tax Climate Index. An independent ranking of states in five different areas.
Nevada's Tax Climate Index Comparison to other states is significant.
Ease of Doing Business
Comparing to other states, it's easy to start and operate an enterprise in Nevada.
The local government is committed to streamlining approval processes and remaining a very low-regulation environment.
Furthermore, Nevada is located in a prime distribution location. It's a transportation hub perfect for logistics, IT and data centers, manufacturing, distribution, tourism and many more.
Also, Nevada offers attractive incentives through the Governor's Office of Economic Development.
Annual Requirements for Nevada Corporations
- Annual list submitting an annual list of officers and directors.
- State business license
- Commerce Tax - annual commerce tax on every business in Nevada with a gross revenue exceeding $4 millions in a fiscal year.
- Registered Agent Nevada
- Annual Minutes for Meeting of Directors and Shareholders
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