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Nevada, USA Corporation

The United States' 36th state, Nevada, was admitted to the union on Oct. 31, 1864, a date that is now a state holiday. Now famous for legalized gambling, Nevada has the highest population growth rate in the United States and is one of only seven states that do not levy a personal income tax. Nevada is home to two mountain ranges, the Sierra Nevada range and the Rocky Mountains, and the Sonoran and Mojave deserts. This sunny state sees only about four inches of rain per year and enjoys mild winters with an average daily temperature of about 60 degrees. However, the months of July and August see average temperatures of about 105 degrees with a great deal of humidity. The capital is Carson City, selected 1864. Tourism is a dominant industry in Nevada, employing over one-third of the working population and contributing more income than mining, agriculture and manufacturing combined.

Nevada is a profoundly pro-business state with statues designed to attract corporations by protecting privacy, providing a virtually tax-free environment, and exempting officers and shareholders from personal liability for corporate activities. Moreover, Nevada has minimal reporting and disclosure requirements with no requirement for the names of the stockholders to be a public record.

Nevada is the only state that provides all the essential elements in its corporate law that comprises an ideal entity for asset protection, reduced taxes and privacy.

Nevada corporations provide the highest level of privacy and asset protection available without leaving the country. We consider Nevada the only state that provides all the required elements necessary to protect your privacy and ensure adequate domestic protection of your assets.

SAVA Management offers a full range of services to support your Nevada Corporation including mail services, bank account opening, resident agent services, corporate nominees, corporate minutes and records services.

Company Statute: Corporation

Taxation: Corporations not having any business in Nevada pay no Nevada Corporate income tax.

Shareholders/Members: The minimum number of shareholders is one. A shareholder of a US Corporation may be another corporation (even an international or "offshore" corporation).

Directors/Managers: The minimum number of directors is one, who must be a natural person. Directors may be of any nationality and need not be a citizen of the United States.

Registered Office Required: Yes. Must be maintained in state of incorporation/formation at the office of a professional registered agent.

Name Restrictions: Anything identical or similar to an existing company within the state of incorporation. Additionally, the use of bank or trust within the name of the corporation is prohibited in all 50 states without first obtaining consent from the banking authorities in the state of incorporation. Suffixes to Denote Corporation: Incorporated, Corporation, Limited, Company or their abbreviations Inc, Corp, or Ltd. Some of the recommended states allow other suffixes such as Fund, Association, Foundation, Syndicate, Club, Society and Institute.

Financial Statements: There is generally no requirement to file financial statements with the state of formation unless the corporation owns assets within that state or has conducted business within that state.

Annual Report/Licence Fees: USD 85.

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