Europe Emirates Group can help you start your business in Nevada
Company formation in Nevada commonly follows the limited liability company structure, although there are other options such as the ‘C’ corporation as well as the ‘S’ corporation format.
The ‘S’ corporation format requires that all shareholders and directors be US residents or citizens. Formation can take as little as three days.
Company directors can also incorporate remotely but must register the names of all directors to the state authorities. A registered office and registered agent is a prerequisite.
Corporations are not charged taxes in Nevada, but are required to submit a tax return. Federal taxes do apply and so companies formed in the state are tax liable. An employer identification number should be obtained from the tax authorities and both LLC and ‘S’ corporation structures are required to file tax returns.
The LLC structure is streamlined and easy to manage and operate. The C corporation has more requirements, including keeping minutes of board meetings, making quarterly filings and other statutory requirements, although it does incur less taxes.
In Nevada, it is not necessary for the director to be a shareholder in the corporation and nominee shareholders are also permitted. Nevada corporations are allowed to issue stock and sell stock in their companies. If the structure is an LLC, one person is entitled to hold all corporate officer positions.
Fees include an initial filing fee, a charge for obtaining a federal tax identification number and annual renewal fees.
- Zero corporate income tax
- High level of corporate confidentiality
- Zero minimum capital requirements
- No requirement for accounts filing