Nevis Limited Liability Company
Nevis Limited Liability Company is a suitable vehicle for sole proprietors, business partnerships and offshore asset protection. It has a straightforward operations and management process as well as being simplified, short and with an uncomplicated incorporation process.
The Nevis LLC is ruled under the Nevis LLC Ordinance 1995; it ensures the formation process by filing Articles of Organization with the registrar, owners are called members instead of shareholders since the LLC does not hold shares, and it is a legal entity with separate rights and liabilities.
Some of the key features are listed below:
Advantages and Benefits
- Nevis LLC is 100 % tax—free,
- Members may be a non-resident and can be a person or entities, including incorporations, partnerships, trusts, etc.
- Highly confidential jurisdiction with restriction of public access to company records
- Nominee members are permitted to obtained high confidentiality and privacy
- Re-domiciliation is allowed in or out of Nevis, emergency transfers are granted for non Nevis LLCs.
- International banks with sophisticated banking system are available in Nevis.
- No dual taxation treaties with other countries therefore no requirement for exchange of information with other tax authorities
- Bearer share are permitted and are subject to special custodian shares.
|Type of Entity||LLC|
|Type of Law||Common Law|
|Shelf Company availability||Yes|
|Our Time to establish a new company||1-5 Working Days|
|Taxation on foreign income||Nil|
|Double Taxation treaty access||No|
|Standard currency of share capital||Not Applicable|
|Other permitted currencies of capital||Not Applicable|
|Minimum paid up share capital||Not Applicable|
|Usual authorized share capital||Not Applicable|
|Minimum number of Directors/Managers||1|
|Local Directors/Managers required||No|
|Publicly accessible record of directors/Managers||Yes|
|Locations of directors/managers meeting||Anywhere|
|Company Secretary required||Not Applicable|
|Local or Qualified company secretary required||Not Applicable|
|Requirement for Audited accounts||No|
|Requirement to file accounts||No|
|Publicly accessible accounts||No|
|Requirement to file annual return||No|
|Change in Domicile permitted||Yes|
|Requirement to prepare accounts||Yes|