Northern Nevada


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.

Why Relocate or Expand to the Northern Nevada Region?

Northern Nevada is one of the leading developing regions in the Nation. It’s a place where businesses and individuals can achieve higher and faster growth due to a favorable business environment and current regional economic activities. Northern Nevada is mainly known for Lake Tahoe and its scenic surrounds, or you may know it as the suburbs of Northern California.

More recently, the region is becoming known for its opportunity, industry, technology, a superior quality of life and its attractive tax structure:

We have:

  • NO Corporate Income Tax
  • NO Personal Income Tax
  • NO Franchise Tax on Income
  • NO Inheritance or Gift Tax
  • NO Unitary Tax
  • NO Estate Tax – There is a small assessed “pick-up tax” that cannot exceed the maximum allowable credit against the federal estate return.
  • Competitive Sales and Property Tax Rates
  • Minimal Employer Payroll Tax – 0.63% of gross wages with deductions for employer paid health insurance

The Western Region of northern Nevada offers a four-season climate, amazing variety of outdoor activities, and divers communities.

Don’t take it for granted! Come out and visit us! See it for yourself!

Visit Us On TwitterVisit Us On FacebookVisit Us On Google PlusVisit Us On Linkedin