Business Overview
New Hampshire provides a favorable tax climate with no state income or sales tax. The state’s economy includes manufacturing, technology, and healthcare sectors. Its location offers access to Boston-area markets and talent while maintaining lower operating costs and regulatory burdens.
Key Facts & Figures
| Category | Details |
| Capital | Concord |
| Major Cities | Manchester, Nashua, Concord, Derry, Dover |
| State Sales Tax Rate | No state sales tax |
| Local Sales Tax Rate | No local sales tax |
| Corporate Income Tax | No corporate income tax (Commerce Tax applies to businesses with over $4M in revenue) |
| Physical Nexus Threshold | No sales tax nexus requirements (no sales tax) |
| Economic Nexus Threshold | No economic nexus laws (no sales tax) |
Did you know?
New Hampshire has no state sales tax or personal income tax, making it an attractive location for business development.
Setup & Compliance
New Hampshire offers business-friendly formation with unique tax advantages.
Setting Up a New Hampshire Business:
- Choose Your Business Structure: Consider New Hampshire’s tax advantages, including no sales or income tax.
- Register Your Business: File formation documents with the New Hampshire Secretary of State.
- Obtain Required Licenses: Research and secure necessary state and local business licenses.
- Register for Tax Accounts: Register with the Department of Revenue Administration if applicable.
- Register as an Employer: Register with Employment Security if hiring employees.
Unique New Hampshire Advantages:
- No Sales Tax: New Hampshire does not impose sales tax on goods or services.
- No Personal Income Tax: Business owners benefit from no personal income tax on earnings.
- Business Profits Tax: Businesses pay 7.6% Business Profits Tax on taxable income over $50,000.
- Business Enterprise Tax: 0.55% tax on enterprise value tax base (compensation, interest, and dividends).
- Annual Report: Most entities must file annual reports with the Secretary of State.
Hiring & Payroll
New Hampshire maintains a business-friendly employment environment with minimal state regulations.
New Hampshire Payroll Requirements:
- Unemployment Insurance: Rates from 0.1% to 6.9% on first $14,000 of wages.
- No state income tax or wages tax.
- Workers’ Compensation: Required for most employers.
New Hampshire Employment Laws:
- Minimum Wage: Follows federal minimum wage ($7.25/hour).
- No state-mandated paid sick or family leave.
- New hire reporting required within 20 days.
- Final paycheck due on next regular payday.
- New Hampshire is an at-will employment state with right-to-work laws.
State Incentives
New Hampshire offers targeted economic incentives to support business growth.
Key Business Incentives:
- Job Training Fund: Support for employee skill development.
- Community Development Finance Authority: Grants and tax credits.
- Research and Development Tax Credit: Supports innovative company development.
Small Business & Startup Support:
- New Hampshire Small Business Development Center: Comprehensive business consulting.
- Rural Business Development Grants.
- Technology Transfer and Commercialization Grants.
Regulatory Considerations
New Hampshire maintains a business-friendly regulatory approach with clear guidelines.
Key Business Regulations:
- Data Privacy: Laws protecting consumer and business information.
- Environmental Compliance: Regulations supporting sustainable business practices.
- Professional Licensing: Required for various service-based professions.
Additional Regulatory Areas:
- Small Business Compliance.
- Technology and Innovation Sector Regulations.
Business Overview
New Hampshire provides a favorable tax climate with no state income or sales tax. The state’s economy includes manufacturing, technology, and healthcare sectors. Its location offers access to Boston-area markets and talent while maintaining lower operating costs and regulatory burdens.
Key Facts & Figures
| Category | Details |
| Capital | Concord |
| Major Cities | Manchester, Nashua, Concord, Derry, Dover |
| State Sales Tax Rate | No state sales tax |
| Local Sales Tax Rate | No local sales tax |
| Corporate Income Tax | No corporate income tax (Commerce Tax applies to businesses with over $4M in revenue) |
| Physical Nexus Threshold | No sales tax nexus requirements (no sales tax) |
| Economic Nexus Threshold | No economic nexus laws (no sales tax) |
Did you know?
New Hampshire has no state sales tax or personal income tax, making it an attractive location for business development.
Setup & Compliance
New Hampshire offers business-friendly formation with unique tax advantages.
Setting Up a New Hampshire Business:
- Choose Your Business Structure: Consider New Hampshire’s tax advantages, including no sales or income tax.
- Register Your Business: File formation documents with the New Hampshire Secretary of State.
- Obtain Required Licenses: Research and secure necessary state and local business licenses.
- Register for Tax Accounts: Register with the Department of Revenue Administration if applicable.
- Register as an Employer: Register with Employment Security if hiring employees.
Unique New Hampshire Advantages:
- No Sales Tax: New Hampshire does not impose sales tax on goods or services.
- No Personal Income Tax: Business owners benefit from no personal income tax on earnings.
- Business Profits Tax: Businesses pay 7.6% Business Profits Tax on taxable income over $50,000.
- Business Enterprise Tax: 0.55% tax on enterprise value tax base (compensation, interest, and dividends).
- Annual Report: Most entities must file annual reports with the Secretary of State.
Hiring & Payroll
New Hampshire maintains a business-friendly employment environment with minimal state regulations.
New Hampshire Payroll Requirements:
- Unemployment Insurance: Rates from 0.1% to 6.9% on first $14,000 of wages.
- No state income tax or wages tax.
- Workers’ Compensation: Required for most employers.
New Hampshire Employment Laws:
- Minimum Wage: Follows federal minimum wage ($7.25/hour).
- No state-mandated paid sick or family leave.
- New hire reporting required within 20 days.
- Final paycheck due on next regular payday.
- New Hampshire is an at-will employment state with right-to-work laws.
State Incentives
New Hampshire offers targeted economic incentives to support business growth.
Key Business Incentives:
- Job Training Fund: Support for employee skill development.
- Community Development Finance Authority: Grants and tax credits.
- Research and Development Tax Credit: Supports innovative company development.
Small Business & Startup Support:
- New Hampshire Small Business Development Center: Comprehensive business consulting.
- Rural Business Development Grants.
- Technology Transfer and Commercialization Grants.
Regulatory Considerations
New Hampshire maintains a business-friendly regulatory approach with clear guidelines.
Key Business Regulations:
- Data Privacy: Laws protecting consumer and business information.
- Environmental Compliance: Regulations supporting sustainable business practices.
- Professional Licensing: Required for various service-based professions.
Additional Regulatory Areas:
- Small Business Compliance.
- Technology and Innovation Sector Regulations.
