Foreign Direct Investment (FDI) in Nevada

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Foreign Direct Investment (FDI) in Nevada

Many companies from around the world have already made the move to Nevada. Either starting a new adventure or expanding their current businesses to the US by building foundation in Nevada.

Some examples provided by the Nevada Governor’s Office of Economic Development is as follows:

  • Dubai World invested $2.7 billion to gain a 50 percent interest in City Centre and put $2.4 billion into MGM Mirage stock.
  • Elad Properties of Israel invested $1.2 billion for the 40-acre New Frontier property.
  • Australia-based entertainment giant, Crown Ltd. invested $1.8 billion in Cannery Casino Resorts for a 24 percent share.
  • Crown also bought a 20 percent stake in Fontainebleau on the Strip for $250 million, and purchased the former Wet ‘n Wild site for $22.5 million.
  • A-Power Systems on establishing a wind turbine manufacturing facility for the U.S. market.  The Southern Nevada-based 340,000-square-foot manufacturing facility will employ 1,000 people at an initial investment of $344 million.
  • Chinese investments, specifically in the areas of renewable energy, mining, agriculture and tourism/conventions.

Why Nevada?

  • Foreign Trade Zones (FTZ) are restricted-access sites considered outside the United States Customs territory, but located within the U.S.Here in Nevada there are two areas: Northern (Reno/Sparks) and Southern (Las Vegas) Nevada FTZ. The purpose of FTZ is to allow foreign and domestic merchandise to be admitted for operations such as storage, exhibition, assembly, manufacture and processing, without being subject to formal U.S. Customs entry procedures, duties or excise taxes.
  • Additional to the benefits of these foreign trade zones, here in Nevada there is no inventory, corporate income, or personal income tax.

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