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Nevada

Advantages

- No Corporate Income Tax (for state of NV but note there is a US Federal corporate tax of 15% for the first US$50K profit)
- No Taxes on Corporate Shares
- No Franchise Tax
- No Personal Income Tax
- No I.R.S. Information Sharing Agreement
- No minimum share capital
- Nominal Annual Fees
- Minimal Reporting and Disclosure Requirements
- Stockholders are not Public Record
- Stockholders, directors and officers need not live or hold meetings in
Nevada, or even be U.S. Citizens.
- Directors need not be Stockholders
- Officers and directors of a Nevada corporation can be protected from
personal liability for lawful acts of the corporation.
- Nevada corporations may purchase, hold, sell or transfer shares of its own stock.
- Nevada corporations may issue stock for capital, services, personal
property, or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final.
Note there is no longer a restriction for limiting to just 20 members for
LLC. This has been lifted. LLC is similar to Singapore's Pte Ltd company
whereby there is no personal liability of members.
You are welcome to discuss whether NV company is suitable for your purpose, both strategically and financially.


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Setup requirements


- Minimum 2 directors if doing business in US or 1 director if not
- Registered address in Nevada
All setup information will not be available for public search. However, you may have to disclose when opening bank a/c.

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Setup procedure

- Decide 3 choice names
- Decide which professional firm to appoint for company formation
- Give director/corresponding address information to appointed professional
- Give photocopy of identities
- It takes 3 to 5 days for a company to be formed
Chandler Partners provides hassle free services from company name search, to NV corresponding address. Please contact us for detail. For ready-made company, please call us for a list for your selection.

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Setup cost

US$1770
(Including state fee, registered agent & office for 1 year, full company kit)
Optional services:
- Bank A/C open handling fee US$470
Chandler Partners services are priced such that SMEs can afford quality services of our experienced professionally qualified accountants.

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Maintenance cost

- Annual state fees US$100
- Annual filing fees & registered agent/office US$600
Chandler Partners is formed by professional accountants. In daily operation of your offshore company, we are capable of providing total solution and services IN-HOUSE and making all services most efficient and cost effective to clients.
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In general
Nevada has become increasingly friendly to corporations with its privacy and liability protection status as well as certain tax advantages. Nevada has no state tax on corporate profits, no state annual franchise tax, or no state personal income tax. Stockholders of a Nevada corporation are not public record, allowing complete anonymity.

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In general

Nevada has become increasingly friendly to corporations with its privacy and
liability protection status as well as certain tax advantages. Nevada has no
state tax on corporate profits, no state annual franchise tax, or no state
personal income tax. Stockholders of a Nevada corporation are not public
record, allowing complete anonymity. National Business Incorporators, Inc.
can assist you with incorporating or forming your LLC in Nevada and qualify
your corporation or LLC in any state you choose.

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Advantage to choose Nevada:

Incorporating a LLC (Limited Liability Company) in the state of Nevada has
the following benefits not found in other states including CA:
* No Corporate Income Tax (for state of NV but note there is a US Federal
corporate tax of 15% for the first US$50K profit)
* No Taxes on Corporate Shares
* No Franchise Tax
* No Personal Income Tax
* No I.R.S. Information Sharing Agreement
* Nominal Annual Fees
* Minimal Reporting and Disclosure Requirements
* Stockholders are not Public Record
* Stockholders, directors and officers need not live or hold meetings in
Nevada, or even be U.S. Citizens.
* Directors need not be Stockholders
* Officers and directors of a Nevada corporation can be protected from
personal liability for lawful acts of the corporation.
* Nevada corporations may purchase, hold, sell or transfer shares of its own
stock.
* Nevada corporations may issue stock for capital, services, personal
property, or real estate, including leases and options. The directors may
determine the value of any of these transactions, and their decision is
final.

Note there is no longer a restriction for limiting to just 20 members for
LLC. This has been lifted. LLC is similar to Singapore's Pte Ltd company
whereby there is no personal liability of members.

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Time required:

It'll be within 3 business days for incorporation of the company depending
on the Secretary of State's constraints really.

Share capital required:

There is no minimum share capital for NV LLC. When we incorporate, it will
be zero share capital as no shares are issued.

Note for LLC, it's called membership. There will be membership certs
(similar to share certs).

Note: Corporations have less favourable tax rules (like double taxation) and
tedious record keeping. That's why LLC are so popular.

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Opening deposit for bank account:

The minimum opening deposit for a bank account is US$100. Monthly fee is
US$20 if less than US$5,000 Average Daily.

Application includes internet banking with online bill payment. Can view
statements and move funds between intrabank account and do TT transactions.

Yearly maintenance and penalty:

The yearly maintenance for NV LLC is US$195 (commissionable at 15%) + state
fees US$85. Note there is a penalty for late filing which is US$50 charged
by the state. Please bear in mind that standard filing means it'll take
about 40days by the Secretary of State. So for renewal, client has to do at
least 2 months in advance or pay for expedite fees varies from $50 to $500
for 2hrs service.

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Registered address:

The NV registered address is used strictly for government notices &
correspondences. If client needs it as a mail drop for others, we'll have to
make arrangement and there is a fee involved. So if client wishes to use
registered office address for invoicing, arrangements will have to be made.

Invoice issuance:

Any invoices issued using a US address is taxable when there is a profit and
it's going to be difficult to avoid tax as there is a paper trial. If it is
a U.S. company then it is subject to U.S. taxation on its world-wide profits
(not NV state but US Federal tax). However meticulous records will have to
be maintained for the Internal Revenue Service.

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