Why Nevada is a new magnet for doing business in the USA

Nevada is not just the iconic image of Las Vegas. Over the past 20 years, the state has transformed into one of the most business-friendly regions in the US: zero state corporate income tax, minimal bureaucracy, strong asset protection, and owner privacy.

Key Advantages

Personal Liability of Directors

Nevada courts operate under the presumption of good faith: it is assumed that directors and top executives act in the best interests of the company.

There is no personal liability for damages caused by actions or inactions in the capacity of director or officer.

However, the business judgment rule does not apply if the plaintiff can prove that the actions or inactions constituted a breach of fiduciary duties of the director or officer.

Fiduciary Duties

Fiduciary duties are enshrined at the legislative level.

Directors and officers can only be held liable for a breach of fiduciary duties in cases of fraud or knowing violation of the law.

Protection from Hostile Takeovers

Nevada law provides strong legislative protection for company management against hostile takeover attempts.

The law allows directors and officers to take measures to prevent changes or potential changes in company control — even if this restricts shareholders from voting or replacing directors.

Moderate Bureaucracy and Regulation

Nevada ensures strong confidentiality protection for business owners, including anonymity: no disclosure requirements for shareholders, directors, or officers in public records.

In addition, Nevada has no information-sharing agreement with the IRS, ensuring privacy in financial matters.

Tax Advantages

• No state corporate income tax
• Low corporate tax
• Low franchise tax
• No personal income tax