Nevada Ranch House is a Booming Tax Haven

Robert Harris, 65, owns a home in Fernley Nevada that is used as the address for around 2,400 Nevada corporations. Harris will set individuals up with their own Nevada corporation for as little as $174. Harris also provides “Ultimate Asset Protection” for those willing to pay a little extra. This package includes a virtual office with fax and message forwarding and Harris’ name and address will appear on the official corporate documents as opposed to the owner’s.

Harris does not investigate the people who ask him set up corporations, but he claims he would report any terrorist or corrupt politician who used his services to launder money. Even with his neglect to investigate customers, Harris’ business is completely legal and not the only one of its kind. Individuals like Harris are known as “registered agents” and assist others individuals in establishing corporations for asset shielding purposes.  Nevada’s laws are particularly favorable to businesses seeking to incorporate there, but many critics claim the booming business of registered agents has made money laundering incredibly easy in the US.

See Scott Cohn, Ranch House Near Reno is a Thriving Tax Haven, and It’s Not Alone, Feb. 20, 2012.

Special thanks to Ike Devji (SafeWealth) for bringing this article to my attention.