Relocating to Las Vegas | Relocation Resources for Moving to Las Vegas

You’ve determined that the time is right to strike out on your own and start a business. While it carries risk unlike a salaried position, you know you’re ready, plus you’re living in a great pro-business community that appreciates and rewards those who take chances in pursuit of better opportunities. Here, you’ll find fewer taxes, a responsive local government, an established infrastructure including transportation, telecommunications and an educated workforce. The information in this section will help you establish your business presence in this unique and welcoming region.

If you are considering establishing your own business, you’ve come to the right region, where you’ll find plenty of assistance from the local business community as well as city government.You’ll find information on business laws and requirements, real estate and business services as well as a checklist for starting a business. You’ll learn that the Las Vegas metro area is free of many taxes found in other locales, and you’ll appreciate the many amenities that exist in the region.

The cost of living, which is lower than in many comparable U.S. cities, has made Las Vegas a highly desirable place to call home. Housing costs are now at their lowest levels in many years, making it a great time to enter the market. Another plus – there is no personal income tax, and property taxes are moderate.

Here is a growing list of reasons why Southern Nevada is a great place to operate a business:
• Business-friendly state and local government
• No state corporate income tax
• No personal income tax
• Excellent state incentives
• Educated, expanding and cost-effective workforce
• America’s finest telecommunications and technology infrastructure
• UNLV Harry Reid Research & Technology Park
• Fee local government supported seminars
• Affordable commercial property
• Desirable destination for business travel
• No inventory tax
• Competitive Sales and Property Tax Rates
• Minimal Employer Payroll Tax
• Incentives that never expire
• Dependable, expanding energy base
• McCarran International Airport – America’s seventh busiest
• Foreign Trade Zone #89
• Las Vegas is an Inland Port of Entry

BUSINESS INCENTIVE PROGRAMS
The economic development incentive programs offered at the state level include:

Sales and Use Tax Abatement: An abatement of sales and use tax on eligible machinery and equipment is available to businesses with operations consistent to Nevada’s state plan for economic diversification and development. Qualifying criteria include a commitment to doing business in Nevada, minimum job creation, employment health plans and wage requirements.

Sales Tax Deferral Program: The state of Nevada offers a sales and use tax deferment program to qualified industries that purchase specific types of capital equipment in excess of $100,000. Taxes can be deferred interest-free for up to five years.

Personal Property Tax Abatement: An abatement of personal property tax is available to new and expanding businesses. Qualifying criteria include a commitment to doing business in Nevada, minimum job creation, employment health plans, minimum capital investment and wage requirements.

Property Tax Abatement for Recycling: Real and personal property tax abatement is available to qualified recycling businesses. At least Fifty percent of the material or product must be recycled on site. 50 percent of real and personal property tax can be abated for up to 10 consecutive years. An acknowledgement from local government entities and a commitment from the company to stay in Nevada are required.

Industrial Development Bonds: Nevada is authorized to use tax-exempt IDB’s to provide low interest financing of new construction, improvements, rehabilitation, or redevelopment of qualified projects, which include manufacturing facilities and certain other projects organized under Section 501 of the Internal Revenue Service code.

In addition, the state of Nevada offers many business assistance programs designed to encourage the growth and development of private enterprise. Some of the most popular programs are:
• Green Building Abatements.
• Renewable and Energy Storage Abatements.
• Nevada Hub Zone Development.
• Train Employees Now.

For more information, contact the Nevada Commission on Economic Development at (702) 486-2127 or visit online at www.expand2nevada.com.

HOW TO OPEN A BUSINESS IN LAS VEGAS
The city of Las Vegas is serious about attracting business to Las Vegas and provides an easy-to-read, streamlined guide to aid the process. You’ll find below the six steps with contact information. Visit online at www.lasvegasnevada.gov, where you’ll find answers to frequently asked questions.

Step 1: Create a Corporation, Limited Liability Company, Partnership or Sole Proprietorship Legal Organization. Corporations and Limited Liability Companies (LLC) created must file Articles of Incorporation or Articles of Organization with the Nevada Secretary of State.

Contact: Nevada Secretary of State Office
555 East Washington Avenue, Suite 2900
Las Vegas, NV 89101
(702) 486-2880
www.sos.state.nv.us

Step 2: Obtain a Fictitious Name Certificate (DBA). If you choose to use a name other than your own, you must file a fictitious business name with the Clark County Clerk’s Office to identify the owner(s). This action applies to all forms of ownership: corporations, LLCs, sole proprietorships and partnerships.