INCORPORATE IN
Nevada - USA
INCORPORATE IN NEVADA – steady company, low taxes
Incorporate in Nevada , USA - Frequently asked questions
What is a company in Nevada for, in general ?
A company established in Nevada has more steady and versatile application than any offshore or European company with low taxation (Slovakian, Rumanian, etc.).
It is most suitable to international commercial transactions, investments at the different foreign stock exchanges, or other investments, complete different projects, as well as to protect the private property. These companies are entitled to sell and purchase products and services, have bank accounts and operate business. They are usually established to maintain the ownership of a real estate or a land. Quite a lot of companies are established to apply intellectual property, copyright or other rights, as well as to provide Internet services. Of course, they are just some examples. They can be applied for several other actions, such as to save tax according to the regulations of the related counties.
What kind of advantages does the Nevadan corporation have in comparison to the offshore companies ?
The potential of the classical offshore companies is decreasing in the member countries of European Union for the measurements taken against the terrorism and the money laundering (increased attention paid by the authorities, more severe conditions of the opening and the management of the bank accounts from 2009, exchange of bank information amongst the EU member countries). The operation of the American “offshore” companies established improperly, that is, it has neither tax identification number nor licence of operation in the country of registration is especially affected (a company without valid tax identification number is not entitled to start its operation, including the opening of a bank account in any country according to the American regulations). The invoices issued by such a company are supposed to be illegal. It shall be mentioned that the American companies without valid tax identification number called “American offshore” companies are just registered, so called suspended companies. The American regulations do not require the registration of the company by the Tax Authority (tax identification number) after its registration until the start of the operation. It is quite common that the registered company is suspended or is not activated for different reasons. The companies without valid tax identification number are usually operating as “offshore companies” in other countries. The legal procedures in connection with it are often published by the international professional media. It is the reason of the new regulation that the American companies shall inform the authorities about the opening of a bank account abroad from 2009.
Of course, the offshore companies can be legal and can meet certain regulations as well, but it is a fact, that their potential is decreasing.
A Nevadan corporation is not listed in the list of offshore companies; it has valid tax identification number and meets all requirements for an average American corporation. But its taxation is as low as of the offshore companies and anonym ownership or management is applicable as well.
What kind of information is required to establish a company in the USA ?
The copy of the customer’s passport and the certificate of residence.
Is it necessary to travel to America ?
No. Our European consultant can send the required documents to the USA. The process of the company establishment is completed by our office in the USA completely. The process can be initiated from anywhere of the world by filling the form and submitting the required documents.
What kind of documents of the company establishment are going to be provided to me ?
An international deed of verification, a so called Apostle can be received for extra price. This document cannot replace the attached deed but verifies that the issuer of the deed is entitled to issue such a document.
CERTIFICATE OF INCORPORATION : It is issued by the Secretary of the State of Nevada. The content of the certificate of incorporation is the following: the name of the company, the name and the address of the founder, the name and the address of the director, the name and the address of the registered representative, the date of the company registration.
THE MINUTES OF THE MEETING OF FOUNDATION : this document summarises the decisions made on behalf of the meeting of foundation by the founder. It usually appoints the first management (it is usually the Hungarian client if the client does not order the service of nominee director) and transfers all the rights of the operation and the signature to him (opening of the bank account, issuing of shares, making of contracts, etc.). This deed is original and verifies that the customer is entitled to act on behalf of the company. The rights of the founder do not exist from this time any more. The shareholders are not registered in the official registries but the officers, that’s why the owners cannot be identified. But the company is owned by the shareholder.
BY-LAWS : The founder charges the board of directors to develop the by-laws. Our company provides well-formed and detailed draft by-laws that can be modified any time by the customer.
CORPORATE RECORDS : It is an exclusive ring file with artificial leather cover containing the different forms, the draft by-laws, the minutes of foundation, the professional shares with watermarks, as well as the registry of shares.
COMPANY SEAL : The official deeds, e.g. the shares, the minutes are verified by impressed stamps in America
Do I have to pay the initial capital of the company ? If yes, when ?
The initial capital shall not be paid at the time of establishment. If the company gets indebted, the real owners are responsible for the obligations up to the nominal value of the shares. The companies established by us usually have an initial capital in worth of 75,000 USD.
Is it possible to establish a company alone ?
Yes. The same person can fulfil all positions according to the Nevadan Law on company establishment. But if the officer is not the resident of Nevada, a local agent and an official Nevadan office are required. These services are provided in all service packages by our company.
What is the nominee director for ?
The nominee director is a person who is not the member of the company but his service is to be the registered director of the company in all registers. The nominee director provides a complete authorisation to the owner or the persons (beneficiaries) determined by the owner.
What is the sense of the service of the nominee director ?
It provides the anonymity and the protection of the personal information. In case of a public registry the name of the nominee director can be found. He is not supposed to participate in the management or the operation of the company. He can sometimes be asked to sign forms, skeleton agreements or make invoice, but any action can be completed according to the preliminary consent of the beneficiary by him.
Do you provide any information on the company to any authority ?
No. Our company shall not and do not provide any information to any authority of any country. The deeds in connection to the registration are kept by the local agent operating in the country of establishment in his office or all original documents are sent to the customer on his request by post or currier.
What licences are required to operate the Nevadan company in other countries legally ?
If the company wants to complete action requiring fix place, an affiliate shall be established.
If the Nevadan company does not operate in the USA is it possible to purchase in the USA? A car, for instance.
If the company has income from selling its shares or from loan provided by the members, or there is money in the bank account a car or the infrastructure required for the operation can be purchased.
Do the transactions made at the American Stock Exchange affect the taxation of the company in the State of Nevada? If yes, to what extent and how? How much is the fee of book-keeping ?
The company shall not pay company tax and tax on dividends in Nevada and there is no income tax either. The only tax to be paid by the Nevadan company is the federal tax calculated according to the net income. But the income liable to tax can be zero for almost everything can be taken for costs to be deducted. It is proposed to establish two Nevadan companies for Stock Exchange transactions when one company can make invoice for the broker activity to the other company. The system of associated company is legal in Nevada. The fee of book-keeping – as usual – depends on the income and the quantity of invoices.
How can a Nevadan company give loans to an enterprise ?
If the Nevadan company has money it is possible. The legal interest can be charged as well. This transaction is often applied to increase the expenditure. For instance, the Nevadan company is financing with loan the purchase of the Hungarian / European company. And in this case the profit of the foreign company can be zero and the company shall not pay tax or the tax to be paid is minimal.
The Nevadan company shall not pay tax for it does not operates but provided a loan from the money of the owners. The only profit it has is the profit originating from the interest and it is exempt from tax in Nevada.
Is the cost of the opening of a bank account in the USA included in the fee of the establishment ?
The fee of the opening of an account is included in the fee of company establishment. The monthly fee of the bank account is 11 USD. But if one purchase is completed with the card, at least (no minimum limit is fixed), no monthly fee shall be paid.
How can I access to or manage my bank account in the USA ?
The bank offered by us (Bank of America) provides internet banking and phone banking service to assure the access to the account from anywhere. And an embossed Visa Platinum card with the name of the company and cheque book are provided for the bank account. More Visa cards can be ordered for the same bank account.
How much does the withdrawal from the American bank account cost at an ATM in Europe ?
The fee charged by Bank of America is 2 USD plus the fee of the related ATM.
Is any fee of the paying with bank card ?
It is free.
How is the company operated? I mean the administration and the ordinary activities. Does your company complete them ?
All administrative activities in connection to the company establishment are included in our package. We can provide a quotation for the administration and book-keeping to be completed during the year depending on the activity of the company. We have contracts with several book-keeping offices in Nevada and the completion of the administrative obligations required in the USA can be solved with the help of our company. If the company has no operation for the purpose was to deposit the private property in an American bank account or to provide loan to other private persons / companies a simplified report of tax return shall be submitted and the required annual minutes shall be made (annual meeting of the shareholders, annual meeting of the board of directors, etc.). This service is provided by our company.
How much loan without coverage can be taken by a company being olden than a year?
A loan without coverage can be taken by the company being older than 2 years and at least one person (owner / director) has American tax identification number and appropriate tax qualification.
A company being olden than a year can apply for company credit card with the help of the nominee director. Its limit is 50,000 USD for the first 6 months and the increase of the limit can be applied afterwards. The limit after 6 months can be up to 250,000 USD.
Is this financing opportunity available for the Nevadan company leasing the assets to a foreign company established for property management ?
The financing opportunity always depends on the related bank and the information being available on the applicant.
