Top Things to Know About South Dakota
Whether you live in South Dakota or are just visiting, there are a few things you need to know about this beautiful state. South Dakota is known for its unique geography, its rich cultural heritage, and its many outdoor activities. Here are some of the top things to know about South Dakota:
1. South Dakota is home to the world-famous Mount Rushmore National Memorial, which features the sculptures of four United States presidents – George Washington, Thomas Jefferson, Theodore Roosevelt, and Abraham Lincoln.
2. South Dakota has five national parks – Badlands National Park, Wind Cave National Park, Jewel Cave National Monument, Theodore Roosevelt National Park, and the Minuteman Missile National Historic Site.
3. South Dakota hosts some of the most iconic natural attractions in the United States, such as the Badlands, Black Hills, and Devil’s Tower.
4. South Dakota is an important cultural center, with many Native American tribes living in the state. It is home to nine Indian reservations and 13 tribal cultural centers.
5. Originally inhabited by the Sioux and Lakota tribes, South Dakota has a rich history. It was home to the famous explorers Lewis and Clark in 1804.
6. South Dakota has two major universities – the University of South Dakota and South Dakota State University.
7. In terms of flora and fauna, South Dakota has a diverse array of wildlife. It is also known for its abundant bird-watching opportunities and has been called the “birding capital of the United States.”
8. South Dakota is one of the most sparsely populated states in America with only 900,000 inhabitants.
Something else to know about South Dakota is that it offers several tax benefits. It has some of the lowest taxes in the US and one of the most favorable business climates. These tax benefits make it an attractive option for businesses to relocate there. What’s more, it’s wise to get residency in South Dakota if you want to take advantage of the state’s low taxes.
For example, South Dakota has no corporate income or personal income taxes. It also has some of the most favorable sales tax regulations in the country with no local option sales tax. If you live abroad, you have the opportunity to become a resident of South Dakota and take advantage of these tax benefits.
Often, many expats use mail forwarding for residency in South Dakota. This allows them to receive mail and official documents at one central location, in this case, within the state of South Dakota. With this mail-forwarding service, they can establish their residence without having to physically live in the state. From here, the company will forward your mail to wherever you are in the world.
In addition, many Americans choose to set up their businesses in South Dakota. The state is known for having some of the lowest corporate tax rates in the United States, as well as a lack of personal income tax. This makes it an ideal place for setting up a business and taking advantage of the many benefits that come with it.
South Dakota is a stunning state full of natural beauty. From the Badlands to Mount Rushmore and everything else in between, it is a great destination for outdoor activities such as camping, fishing, and hiking. With so much to do, South Dakota is the perfect place for a family vacation or romantic getaway.
Even if you live abroad or travel, it’s worth paying attention to the beneficial tax rules – you can keep more or your pension and income!