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US state with no corporate tax and strong privacy
Region
NORTH AMERICA
Corporate Tax
0%
Setup Time
1 weeks
Currency
USD
Nevada, known for Las Vegas and gaming, offers flexible corporate law with privacy features. The state's company registration supports specific business setup strategies within the US federal framework.
With a population of 3.2 million, Nevada offers desert Southwest living. English is primary. Las Vegas provides urban amenities while Reno offers smaller-city alternative. The climate is hot and dry.
Healthcare is available through regular US healthcare system. Safety varies by area. No state income tax contributes to lower effective costs.
The entertainment, outdoor recreation, and tax advantages attract residents.
Nevada has no state corporate income tax. No state personal income tax exists. Federal US tax obligations apply regardless. The Modified Business Tax applies as payroll-based tax.
No sales tax applies to business-to-business services. The gaming industry drives significant economic activity. Mining and logistics are also significant.
Company registration through the Nevada Secretary of State is efficient. LLCs and corporations are the standard vehicles. Officer and director privacy features exceed most states.
Company formation completes within days. No minimum capital requirements apply. Annual compliance includes state business license and filings.
Nevada does not require state-specific crypto licensing beyond federal requirements and money transmission rules. The environment is relatively permissive within US federal frameworks.
The Nevada Gaming Commission regulates the most sophisticated gaming market in the US. Gambling license opportunities exist but require substantial investigation, financial requirements, and compliance commitment. The regulatory process is thorough.
Nevada gaming licensing provides premium credibility for qualifying operators.
Nevada incorporation requires federal compliance consideration. State choice provides some benefits but doesn't affect federal obligations. The gaming licensing process is demanding but valuable.
Banking access is through regular US banking channels. Professional services are extensive, particularly for gaming.
Nevada suits US market entry, privacy-conscious structuring, and gaming operations seeking premium licensing for their business setup.
Local: LLC
Local: Corporation
Local: Trust
Local: LP
| Corporate Tax Rate | 0% |
| Personal Income Tax Rate | 0% |
| VAT / Sales Tax | 6.85% |
| Capital Gains Tax | 0% |
| Withholding Tax | 30% |
| Reduced Corporate Tax Available | Yes |
| Non-Resident Withholding Exempt | No |
| Tax Treaty Network | Yes |
| Banking Access | EXCELLENT |
| Financial Privacy | HIGH |
| Currency Controls | NONE |
| Local Bank Account Required | No |
| Non-Resident Bank Account Allowed | Yes |
| Physical Presence for Banking | No |
| Banks Restrictive (High Risk) | No |
| AML Officer Required | No |
| MLRO Required | No |
| Compliance Officer Required | No |
| Data Protection Officer Required | No |
| Bookkeeping Frequency | Annual |
| Local Bookkeeping Required | No |
| Mandatory Audit | No |
| License Required | Yes |
| Local Director Required | No |
| Local AML Director Required | No |
| Local Legal Address Required | Yes |
| Local Physical Office Required | No |
| Required Share Capital | $0 |
| Capital Maintained in Account | No |
| Compliance Program Required | Yes |
| Travel Rule Compliance | FATF Travel Rule (federal FinCEN requirement) |
| Business Plan Required | Required as part of money transmitter license application |
| Personnel Required | Compliance officer, designated responsible person |
| Insurance Required | No |
| Remote Incorporation Possible | Yes |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 1 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | No |
| Registry Access | Not publicly disclosed |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Annual |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | No |
| Compliance Audit Mandatory | No |
| Technical Audit Mandatory | No |
| Corporate Income Tax Applicable | No |
| Dividend Tax Applicable | No |
| Capital Gains Tax Applicable | No |
| Territorial Tax Regime | No |
| VAT Applicable | No |
| Regulators | Nevada Financial Institutions Division (NFID) |
| Licensing Fee | $3,000 |
| Licensing Fee Details | Money transmitter license application fee approximately $3,000 plus surety bond ($10,000 minimum, up to $250,000 based on locations). Determination made case-by-case. |
| Permitted Business Models | Exchange, Custody (as trust company), Money Transmission, Payment Processing |
| Permitted Activities | Crypto exchange, fiat-crypto conversion, payment processing, custody (with trust company license) |
| Restricted Activities | Case-by-case determination; custody requires trust company license under NRS 669 |
| Cross-Border Service Allowed | Yes |
| Physical Inspection Required | No |
| Derivatives Allowed | No |
| RWA Tokenization Allowed | No |
| App Store Listing Allowed | Yes |
| Crypto Custody Allowed | Yes |
| License Required | Yes |
| Local Director Required | No |
| Local AML Director Required | No |
| Local Legal Address Required | Yes |
| Local Physical Office Required | Yes |
| Required Share Capital | $0 |
| Capital Maintained in Account | No |
| Compliance Program Required | Yes |
| Travel Rule Compliance | N/A for gambling - subject to BSA/AML requirements |
| Business Plan Required | Comprehensive business plan required with detailed financial projections |
| Personnel Required | Key employees require individual licensing; background investigations for all principals |
| Insurance Required | No |
| Remote Incorporation Possible | No |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 1 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | Yes |
| Registry Access | Nevada Gaming Control Board maintains public records of licensees |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Quarterly |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Quarterly |
| Accounting Audit Mandatory | Yes |
| Compliance Audit Mandatory | Yes |
| Technical Audit Mandatory | Yes |
| Corporate Income Tax Applicable | No |
| Dividend Tax Applicable | No |
| Capital Gains Tax Applicable | No |
| Territorial Tax Regime | No |
| VAT Applicable | No |
| Regulators | Nevada Gaming Control Board (NGCB) and Nevada Gaming Commission (NGC) |
| Licensing Fee | $125,000 |
| Licensing Fee Details | Non-restricted gaming license initial fees vary; Manufacturer of interactive gaming systems: $125,000; Operators: variable based on investigation costs. Annual fees based on gross gaming revenue (percentage-based). |
| Permitted Business Models | B2C Casino Operations, B2B Gaming Equipment/Systems |
| Permitted Activities | Land-based casino games, sports betting, race book, online poker (interactive gaming), slot machines, table games |
| Restricted Activities | Online casino games (not permitted), lotteries prohibited |
| Cross-Border Service Allowed | No |
| Physical Inspection Required | Yes |
| Player Fund Segregation | Yes |
| B2B/B2C Separate Requirements | Yes |
| License Required | Yes |
| Local Director Required | No |
| Local AML Director Required | No |
| Local Legal Address Required | Yes |
| Local Physical Office Required | No |
| Required Share Capital | $0 |
| Capital Maintained in Account | No |
| Compliance Program Required | Yes |
| Travel Rule Compliance | FATF compliant through federal BSA requirements |
| Business Plan Required | Required for money transmitter license application |
| Personnel Required | Designated compliance officer, qualified personnel |
| Insurance Required | No |
| Insurance Details | Surety bond required: minimum $10,000, +$5,000 per additional location, max $250,000 |
| Remote Incorporation Possible | Yes |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 1 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | Yes |
| Registry Access | NMLS public access for licensed money transmitters |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Annual |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | No |
| Compliance Audit Mandatory | No |
| Technical Audit Mandatory | No |
| Corporate Income Tax Applicable | No |
| Dividend Tax Applicable | No |
| Capital Gains Tax Applicable | No |
| Territorial Tax Regime | No |
| VAT Applicable | No |
| Regulators | Nevada Financial Institutions Division (NFID) |
| Licensing Fee | $3,000 |
| Licensing Fee Details | Money transmitter license: approximately $3,000 application fee plus surety bond requirement ($10,000-$250,000). Trust company license: separate fee structure. Applications via NMLS. |
| Permitted Business Models | Money Transmission, Payment Services, Trust Company |
| Permitted Activities | Money transmission, check cashing, payment processing, trust/custody services (with trust company license) |
| Restricted Activities | Banking (deposit-taking) without federal charter; lending may require separate licensing |
| Cross-Border Service Allowed | Yes |
| Physical Inspection Required | No |