POPULATION
The population grew by an astounding 66% between 1990 and 2000 and is now estimated to be about 2,100,000 . As with the United States as awhole the White population is about 75% of the total, but the ratio of African Americans is only about 6.8 percent, half the national average with the difference being made up by a higher than average number of Hispanics and Native Americans. There is a small but rapidly growing population of persons of Asian descent. Overalll the population is slightly younger than the national average and the median income is slightly higher than the national average. Sixty percent of homes are owner-occupied and forty percent are occupied by renters. This reflects on the large number of transiets that seek and find employement in the Gaming and related industreis.

POLITICAL STRUCTURE
In theory Nevada is a democratic state with an elected governor and Legislature. The legislature is composed of 21 senators and 42 assembly members. Neither political party, Democrat or Republican, acts with reference to its grassroots supporters and in fact actively isolates those who the populace put forth. The state appears to be ruled by the casinos and their money. The result is that only thrirty four perecent of the voters actually turn out to vote. There are organizations which are attempting to correcct this but progress is slow and spotty. Interestingly, the approach of the power structure is very similar to that seen in Singapore - the elite does everything possible to keep substantive issues out of the news and provide token rewards to lull the populace into passivity.

ENVIRONMENT AND ECONOMY
Although Nevada is predominantely desert, the Sierra Nevada mountains provide a beautiful alpine environment in the Northwest and the Grand Canyon provides unexcelled sightseeing possibilities in the south.Although farming, manufactureing and mining do contribute significantly to the economy, gaming and related services dominate followed distanly by trade and commerce and even more distantly by construction which accounts for less that one quarter than the revenues generated by gaming and its related service industries. Nevada is the nation's leading producer of gold, silver, and mercury. Petroleum, diatomite, and other minerals are also extracted. The state's manufactures include gaming machines and products, aerospace equipment, lawn and garden irrigation devices, and seismic monitoring equipment. Warehousing and trucking are also significant Nevada industries.

LANGUAGE
English.

CURRENCY
United States Dollar (US$).

EXCHANGE CONTROLS
None.

TYPE OF LAW
Common Law..

PRINCIPAL LEGISLATION
Nevada Revised statutes 78 & 78A (Corporations) 86 (Limited Liability Companies) and 87 (Limited Liability Partnerships).

COMPANY INFORMATION:

TYPE OF COMPANY TO INCORPORATE
Generally the LLC is the.least complex to maintain for an individual. For companies the Corporation normally is more suitable.

PROCEDURE TO INCORPORATE

• Select a name for the company.
• Designate resident agent for the company.
• Register the Articles of Organisation

RESTRICTIONS ON TRADING
In order to trade within Nevada one or more licenses are required. Clearance from the Consumer Affairs Department is required. For certain businesses (casinos, travel agents, etc.) a bond is required.

POWERS OF COMPANY
A Company incorporated in Nevada has the same powers as a natural person.

LANGUAGE OF LEGISLATION AND CORPORATE DOCUMENTS
English.

SHELF COMPANIES AVAILABLE
No. However Nevada law provides for 2 hour and 24 hour incorporations at a premium.

TIME TO INCORPORATE
Two business days for walk-through applications. Ten to fifteen business days for mail-in applications.. 24 hour and 2 hour expedite service available for substantial extra charges.

NAME RESTRICTIONS
Any name that has already been incorporated, or is so similar as to cause confusion. Any name that appears to be that of a natural person. (however a name such as John Q. Smith, Inc. is permissible).

LANGUAGE OF NAME
Any name that can be spelled in Roman charcters.

REGISTERED OFFICE REQUIRED
Yes, must be maintained in Nevada.

NAMES REQUIRING CONSENT OR LICENCE
Bank, building society, savings, loans, insurance, assurance, reinsurance, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents or any name in English or a foreign language that may suggest association with the banking or insurance industries.

SUFFIXES TO DENOTE LIMITED LIABILITY
Limited, Corporation, Incorporation, Sociètè Anonyme, Sociedad Anónima, Gesellschaft mit beshränkter Haftung or the relevant abbreviations.

DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
No.

NORMAL AUTHORISED SHARE CAPITAL
The normal authorised share capital is US$ 50,000 divided in to shares with or without par value. The share capital may be expressed in any currency. The minimum issued capital may be one share of no par value or one share of par value.

CLASSES OF SHARES
Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

BEARER SHARES PERMITTED
Yes.

TAXATION
Nevada has no corporate or franchise tax.

DOUBLE TAXATION AGREEMENTS
U.S. Double taxation agreements apply.

LICENCE FEES

• Companies with an authorised capital up to US$ 75,000 pay the sum of US$ 100 per year.
• Companies with a share capital over US$ 75,000 and up to $200,000 pay the sum of US$ 175 per year.
• Companies with a share capital over US$ 75,000 and up to $200,000 pay the sum of US$ 175 per year.
• Companies with a share capital over US$ 200,000 and up to $500,000 pay the sum of US$ 275 per year.
• Companies with a share capital over US$ 500,000 and up to $1,000,000 pay the sum of US$ 375 per year.
• Each additional $500,000 in share capital is $275 up to a maximum of $35,000.