Nevis Offshore Companies

The twin islands of Nevis and St Kitts are an independent Commonwealth republic located in the Leeward Islands region of the Eastern Caribbean. Boasting a low crime rate and high literacy levels, Nevis has a well developed Financial Services sector relative to its size (population of just 40,000). A former British colony, St Kitts and Nevis gained independence from Great Britain in 1983 and retains a parliamentary democratic system of government based on the Westminster system. With English as its official language, good political stability and an English system of law and justice, St Kitts and Nevis remains a popular choice of jurisdiction for discerning Offshore investors.

 

The Key features and benefits of incorporating an IBC in St Kitts and Nevis are:

  1. Political Independence: As an independent member of the Commonwealth, the St Kitts and Nevis jurisdiction is not facing pressure to dilute its attractive privacy features.
  2. Zero Tax: IBCs registered in St Kitts and Nevis are not liable to pay taxes of any kind.
  3. Assured Privacy: There is no public register of Directors or Shareholders in St Kitts and Nevis.
  4. Nominees Permissible: Nominee Shareholders and Professional Directors are permissible in St Kitts and Nevis and another Company can act as Nominee.
  5. Bearer Shares permitted: Bearer shares are permitted in St Kitts and Nevis but must be held in safe custody by an approved trustee.
  6. Prompt registration: Companies in St Kitts and Nevis can usually be incorporated within 48 hours

Other features include:

  1. Minimal Paperwork – There is no requirement to file an annual return nor for audited accounts to be kept for St Kitts and Nevis Companies.
  2. Good Infrastructure – The government of St Kitts and Nevis has facilitated substantial investment in infrastructure over the years and communications are reliable.
  3. Financial Stability - As a member of the Eastern Caribbean economic community St Kitts and Nevis boasts a stable currency and no exchange control issues.
  4. Flexibility - Only one Director and Shareholder is required and board meetings can be held anywhere in the world.

 

NEVIS LLC Features and Benefits

 

Nevis also allows for Incorporation of tax free LLCs based on the Delaware model.

 

Nevis LLC allows you to shield your assets from lawsuits, agencies, and financial creditors.

 

Owners are shielded from legal liability and can manage the company without becoming liable for company financial obligations or legal liabilities.

 

One major benefit is that it has members rather than shareholders. Therefore, there are not any shares that can be seized by a court of law. Moreover, members are not legally responsible for company obligations.

 

ADDITIONAL NEVIS LLC ADVANTAGES:

  • A manager can have 100% control of the company.
  • The manager of the LLC does not need to have any ownership and yet can control the entire company and all of its assets.
  • The company can have as many members as one desires.
  • Any person or company can own the entity.
  • Nevis does not impose corporate tax, income tax, withholding tax, stamp tax, asset tax, exchange controls or other fees or taxes on assets or income originating outside of Nevis.
  • Members of LLCs may be individuals or business entities of any nationality or domicile.
  • Members may amend their Articles of Organization, merge, or consolidate with other domestic or foreign LLCs or other business entities.
  • Members of the offshore company may assign their interests to other parties unless restricted otherwise. Nevis permits single member LLCs.
  • Management of the companies may be by the members or by managers designated by the members.
  • There are no stock limitations – a Nevis LLC can issue preferred interests analogous to preferred stock of corporations.
  • It is an excellent vehicle if used by a group of investors for a joint venture investment. In this respect it functions as if it was a Limited Partnership, but with all the added liability protection features and advantages of a corporation.
  • It can be set up within 24 hours and has low initial cost and low annual fees.
  • Any law suit attacking the transfer of assets to a Nevis LLC must be brought within 2 years otherwise it is stature barred
  • If you are a member of Nevis LLC and somebody (ie a Creditor) is wanting to attack your membership units before the Vulture can proceed with a law suit he/she/it must first post a security bond of $100,000 with a Financial Institution in Nevis.

For more details in regards to Nevis LLCs please check out this article: https://offshoreincorporate.com/nevis-llcs-reviewed/

 

If you’d like to learn more about the differences between an LLC & an IBC you might want to also check out this article: https://offshoreincorporate.com/what-is-the-difference-between-an-llc-an-ibc/

 

OCI NEVIS COMPANY PACKAGES

 

At OCI we believe in giving you more for your money than would the average IBC formation service. Hence included in the incorporation package for your St Kitts & Nevis IBC is the following:

 

Services:

  • Unlimited name availability inquiries
  • Advice from an experienced International Corporate Lawyer on how to structure your company
  • Preparation (overseen by a lawyer) of application to incorporate the company
  • Preparation (overseen by a lawyer) of the company’s memorandum of association
  • Preparation (overseen by a lawyer) of the company’s articles of association
  • Attending to filing incorporation request with the company registry
  • Attending to payment of government filing fees
  • One year’s Registered Agent service in the country of incorporation
  • One year’s Registered Office service in the country of incorporation
  • Mailing address in the country of incorporation
  • Delivery of Incorp pack by international courier (ie DHL/Fedex/TNT etc)
  • Unlimited free legal consultations for 12 months

Documents included in your Incorp pack:

  • Certificate of incorporation
  • 2 sealed/stamped copies of the company’s Memorandum of Association
  • 2 sealed/stamped copies of the company’s Articles of Association
  • Resolution appointing first director/s
  • Resolution appointing first shareholder/s
  • Up to 5 share certificates
  • Resolution to open a bank account
  • Resolution to rent an office
  • Resolution/s to engage a Phone, Internet & Website service provider
  • Resolution to hire a staff member/s
  • Resolution to appoint a company lawyer
  • Resolution to appoint a company accountant
  • Resolution appointing you as the company’s authorised representative in commercial negotiations
  • Resolution issuing a Power of Attorney in your favour
  • Agreement authorising you to represent the company in commercial negotiations
  • Power of attorney authorising you to sign documents on behalf of the company
  • Register of directors
  • Register of shareholders
  • Expression of wishes (ie an “Offshore” Will)
  • Lawyer authored User Guide (“How to Use Your Offshore Company”)

Price (all inclusive): $US1,400

From 2nd year: $1,350

 

With tax effective offshore company management (ie including Professional Natural Person “Nominee” Director, Shareholder & Company Secretary): +$US800

 

If you’d like to know more about St Kitts & Nevis IBCs please Contact Us

If you’d like to order a St Kitts & Nevis IBC Click Here
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Every effort has been made to ensure that the details contained herein are correct and up-to-date, but this does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.