Nevis

NEVIS

The Nevis Limited Liability Company Ordinance
The Nevis LLC is a business entity that provides an alternative to those who might consider using corporations or partnerships. The Nevis LLC Ordinance permits planners to structure their Nevis LLC in any manner that suits their particular needs. The Nevis LLC can be used for any business venture or professional practice anywhere in the world outside Nevis, including international financing arrangements, for U.S. or non U.S. operations, real estate holdings, manufacturing concerns and operational or investment vehicles for offshore trusts.

 

Advantages of forming Nevis Limited Liability Company:

1.) Absolutely no taxes are levied in Nevis on income gained outside of Nevis by a Nevis LLC (these include exemption from income taxes, social security taxes, capital gain taxes, withholding taxes, gift taxes, estate and succession taxes).
2.) Nevis permits -ONE MAN LLC. The manager can also be the member.
3.) The Ordinance allows for LLCs formed in other jurisdictions to be re-domiciled to Nevis.
4.) No shareholders are required upon or after formation of the LLC.
5.) LLCs may have limited life.
6.) LLCs may keep their records anywhere.
7.) LLCs does not require appointment of directors or officers.
8.) A manager of a Nevis LLC is entitled to keep Confidential from the members, any information in the nature of trade secrets.
9.) Management of the LLC may be by the members or by the managers appointed by the members. Members are not liable for the obligations of the LLC.
10.) No residency requirements for managers, members or any other officers of the LLC.
11.) No requirements for financial or annual reports to be filed.
12.) Stable jurisdiction – Nevis has already updated legislation in compliance with OECD and is completely off the FATF black list.

 

In order to start with LLC company opening procedure please provide the following:

  • Name suggestion (2-3)
  • Notarized Copy of Passport or Drivers License (Directors & Shareholders)
  • A recent utility bill
  • Due Diligence Declaration (completed)
  • Payment to the EURO COMMERCE LLC bank account

INCORPORATION COSTS
  • Incorporation
    Government fee
    Registered agent
    Courier fee
    1850 USD

ANNUAL FEES
  • Annual fess
    1050 USD

OTHER SERVICES
  • Nominee director (charged annually)
    + 500 USD
  • Nominee shareholder (charged annually)
    + 500 USD
  • Nominee secretary (charged annually)
    + 500 USD
Full list of optional costs available upon request

About Nevis

Nevis is a small island in the Caribbean Sea that forms part of the inner arc of the Leeward Islands chain of the West Indies. Nevis and the neighbouring island of Saint Kitts constitute one country, The Federation of Saint Kitts and Nevis.

The political structure for the Federation of Saint Kitts and Nevis is based on the Westminster Parliamentary system, but it is a unique structure in that Nevis has its own unicameral legislature, consisting of Her Majesty’s representative (the Deputy Governor General) and members of the Nevis Island Assembly

Traditionally, St. Kitts focuses on tourism business and Nevis offers offshore asset protection services. Nevis has own offshore legislation, which brings a lot of advantages to clients involved in international business activities.

 

What is Nevis LLC

The Nevis LLC is a business entity that provides an alternative to those who might consider using corporations or partnerships. The Nevis LLC Ordinance permits planners to structure their Nevis LLC in any manner that suits their particular needs. The Nevis LLC can be used for any business venture or professional practice anywhere in the world outside Nevis, including international financing arrangements, for U.S. or non U.S. operations, real estate holdings, manufacturing concerns and operational or investment vehicles for offshore trusts.

 

Tax in Nevis

Nevis IBC (also called as Nevis Business Corporation) and Limited Liability Company are exempt from all local taxes, including income, withholding, capital gain taxes, stamp duties and other fees or taxes based upon income or assets originating outside of Nevis or in connection with other activities outside of Nevis.

 

Nominee Service

Nominee Service is consisted of Nominee Director and/or Nominee Shareholder. Both, corporate and individual Nominee Directors and Shareholders are available in Nevis.

 

Accounting and Audit

Accounting and audit is not required for Nevis companies.

 

List of documents received for standard Nevis company

  • Articles of Organization
  • Certificate of Formation
  • Certificate of Ownership
  • Endorsement Certificate

 

Privacy

Information about beneficial owners, shareholders/members, directors/managers and officers is not filed with the Nevis government, and not available to the public.

 

Corporate name

There are some restrictions tied to the naming of a Nevis Corporation. The name of the company must have the word “limited liability company” or it’s abbreviated form which can be anything among the following; L.C, LC, L.L.C, or LLC.

The name should also be distinct from any other-among those that are on the index of names for already existing companies or those held by the registrar of companies as reserved names.

 

Bank account

For Nevis companies we can assist you with the bank account opening internationally. The banks we cooperate with are reliable financial institutions with a long tradition in private and corporate banking. Our clients are provided with an excellent customer service, online banking, Visa and/or Master cards, as well as other services, such as factoring, foreign exchange, savings and specialized banking solutions.

 

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