State of Nevada is located on the west coast of the United States. As the 7th biggest state of the country, it is situated east of Utah and Arizona, west of California, and north of Oregon.
State of Nevada has many airports that connect to other 50 states and worldwide destinations. This makes the state an important bridge between the Center and West of United States, and warehousing and distribution center of the country. Many foreign companies have made the state a transit business center due to its trade zone.
Agricultural products include beef, hay, dairy products and potatoes. Industrial outputs mainly come from tourism, mining, machinery, publishing and printing, food processing and electronic equipment. State of Nevada is known around the world for its gambling business and night life. The large and luxurious casinos of Las Vegas attract millions of visitors around the world. The state has a number of renowned casinos and hotels.
State of Nevada does not impose individual income tax and corporate tax on non-local residents; companies that do not operate in the United States do not need to pay for federal revenue tax. However, all business entities shall file Commerce Tax Return to Nevada Department of Taxation starting from 2016. As the United States has adopted both of the “worldwide tax system” and “territorial system”, the state is not tax-free region like British Virgin Islands and Cayman Islands. Therefore, before establishing a company, it is a must to confirm shareholders’ / directors’ identities and the new company’s operational guidelines and objectives to avoid being imposed with a high tax by the competent authority.