3May 2019
May 3, 2019

The Costs of Nevis BC and LLC Incorporation and Maintenance

Our goal is not only to help you with company formation in Nevis, but also inform you well on the costs and services that you might need and that you might expect. This way you will be able to calculate your expenses and understand the requirements of banks, advantages of using additional services and plan your time most productively. You will also have the opportunity to think about additional options, such as the privacy of the beneficial owner.

Let’s just make one thing straight – we are not the company that offers cheap and low-quality/high-risk solutions that are absolutely dangerous in the world of classical offshores after Panama Papers. What we do offer is to save you a big portion of time and money in the future by providing you with fast updates regarding changes in law, up-to date price lists, well in advance warnings and notifications regarding the maintenance of your company so you do not have to face any fines, penalties and other unfortunate consequences. This is an all-inclusive package and for a slightly higher initial fee you will have a VIP service as long as your company exists.

BC – Business Corporation

LLC – Limited Liability Company

PTC – Private Trust Company

BASIC INCORPORATION PACKAGE: NEVIS BC/LLC/PTC – $1,899

This package includes:

  • Company Formation;
  • Government Registration Fee;
  • Registered Agent in Nevis;
  • Registered Office (legal address) in Nevis;
  • One set of originals of corporate documents*;
  • Worldwide courier delivery.

*One set of originals of corporate documents for BC and PTC:

Certificate of Incorporation

Endorsement Certificate

Articles of Incorporation

Certificate of Notary Public

Designation and Acceptance of Registered Agent

Transfer of Subscription Rights

Appointment of the First Director & Officers & Adoption of By-Laws

Organization Meeting by Incorporator

Bylaws

Register of Directors

Register of Officers

Register of Shareholders

Share Certificate

*One set of originals of corporate documents for LLC:

Certificate of Formation

Endorsement Certificate

Articles of Organization

Certificate of Notary Public

Designation and Acceptance of Registered Agent

Assignment of Organizational Rights

Appointment of First Managers

Organization Meeting by The Organizer (Resolution of Organizer)

Operating Agreement

Register of Manager

Register of Capital Contribution

Register of Members

Ownership Certificate

Basically, this is all you need in order to in order to incorporate a company in Nevis – for BC, LLC or PTC. However, there are a few additional steps you will need to consider. This includes the level of privacy of your shareholders, directors or managers, bank account opening, substance, company maintenance etc. To find out more, please read below, as every service will be explained in detail.

APOSTILLED INCORPORATION PACKAGE: NEVIS BC/LLC/PTC – $2,499

This package includes:

  • Company Formation;
  • Government Registration Fee;
  • Registered Agent in Nevis;
  • Registered Office (legal address) in Nevis;
  • One set of originals of corporate documents;
  • One Apostilled set of TRUE Copied Docs;
  • Worldwide courier delivery.

As you see, the price for apostilled set of documents is higher. Why is this important? Once you set up a company in Nevis you will most definitely need a bank account. Banks will in 99% cases require you to present apostilled set of documents so they can open an account for you. These have to be originals. Certificate of Good standing and Certificate of Incorporation are among documents that will be required by banks.

APOSTILLED INCORPORATION PACKAGE: NEVIS BC/LLC WITH NOMINEE SHAREHOLDER/MEMBER – $5,749

This package includes:

  • Company Formation;
  • Government Registration Fee;
  • Registered Agent in Nevis;
  • Registered Office (legal address) in Nevis;
  • One set of originals of corporate documents;
  • One Apostilled set of TRUE Copied Docs;
  • Nominee Shareholder/Member (Nevis corporation)**;
  • Declaration of Trust – Simple (original);
  • One Apostilled set of TRUE Copied Docs of Corporate Nominee:

One set of copies of corporate documents;

Certificate of Good Standing by the Registry;

Certificate of Incumbency by Registered Agent;

General Power of Attorney – copy;

Deed of Trust – copy;

Passport copy;

Utility bill copy;

Bank reference (or statement).

  • Worldwide courier delivery.

Obviously, this package covers Nevis BC or LLC formation with apostilled documents plus one more service – nominee shareholder or member. To understand more about the difference between shareholders and members please read this article. https://www.offshore-pro.com/category/nevis

A nominee shareholder is a registered owner who holds shares on behalf of the actual owner (beneficial owner) under a special agreement. Same principle is applied for members of LLC.

With nominee shareholder or member, the beneficiary owner remains anonymous up to a certain level. This is important as a nominee shareholder will be required to sign the relevant documentation but at the same time his role is to protect the beneficiary owner’s investment. Although this appears to be the well-known role of a nominee shareholder or member, it is a common misconception that it is the only one. In reality, it is not. In the age of deoffshorization we are facing a tendency towards global transparency and it seems that this tendency is not going to end anytime soon.

Nominee service is one of the working tools for clients who wish to keep a higher level of privacy but not 100%, as eventually real beneficial owners will be singing banking documents. This service will also help those who wish to sign many agreements with counterparties, but wish to personally stay away from signing documents with other companies.

The beneficiary owner is still the one who receives the income and dividends from those shares. In other words, nominees do have an important role within the company. This role is formal, but not relevant to decision making process in any way.

Please keep in mind that a nominee shareholder or member cannot sign the banking documents instead of the real beneficial owner. This would be considered illegal.

APOSTILLED INCORPORATION PACKAGE: NEVIS BC/LLC WITH NOMINEE DIRECTOR/MANAGER – $6,149

This package includes:

  • Company Formation;
  • Government Registration Fee;
  • Registered Agent in Nevis;
  • Registered Office (legal address) in Nevis;
  • One set of originals of corporate documents;
  • One Apostilled set of TRUE Copied Docs;
  • Nominee Director/Manager (Nevis corporation)**;
  • Power of Attorney – General – Apostilled (original);
  • One Apostilled set of TRUE Copied Docs of Corporate Nominee:

One set of copies of corporate documents;

Certificate of Good Standing by the Registry;

Certificate of Incumbency by Registered Agent;

General Power of Attorney – copy;

Passport copy;

Utility bill copy;

Bank reference (or statement).

  • Worldwide courier delivery.

You may wonder in which way this package is different from the previous one. It is important to understand that directors and managers are not in the ownership structure of the company (like in the previous case). However, they are not less important as BCs and LLCs cannot be formed without them. They represent the governing and decision-making part of the company. Please read this article for more information: https://www.offshore-pro.com/category/nevis

Although the role of director and manager is related to decision making, nominee directors and managers will also have a formal role. The main goal when involving nominee director or manager is to protect the privacy of the beneficial owner. The service of a nominee director is most common in onshore and midshore jurisdictions. Nevis is developing fast with an image of a compliant jurisdiction and you might need this service later on. It can be activated in the future too.

It is very important that only a professional corporate services firm with available references be hired to provide a nominee director. This is the safest approach for the clients.

APOSTILLED INCORPORATION PACKAGE: NEVIS BC/LLC WITH NOMINEE SHAREHOLDER/MEMBER AND NOMINEE DIRECTOR/MANAGER – $7,949

  • Company Formation;
  • Government Registration Fee;
  • Registered Agent in Nevis;
  • Registered Office (legal address) in Nevis;
  • One set of originals of corporate documents;
  • One Apostilled set of TRUE Copied Docs;
  • Nominee Director/Manager (Nevis corporation)**;
  • Power of Attorney – General – Apostilled (original);
  • Nominee Shareholder/Member (Nevis corporation)**;
  • Declaration of Trust – Simple (original);
  • One Apostilled set of TRUE Copied Docs of Corporate Nominee:

One set of copies of corporate documents;

Certificate of Good Standing by the Registry;

Certificate of Incumbency by Registered Agent;

General Power of Attorney – copy;

Deed of Trust – copy;

Passport copy;

Utility bill copy;

Bank reference (or statement).

  • Worldwide courier delivery.

**Nominees are not available for personal meetings.

Nominees cannot act as bank accounts signatories.

If personal meetings required, please Professional Nominee services should be used.

This package offers the higher level of confidentiality by protecting the privacy of beneficial owner with both nominee shareholder or member and nominee director or manager. Also keep in mind that it is important to talk to our consultants and explain your business, so we can help you with selection of nominee service. Sometimes it is better not to have nominees. It is important to clearly understand their duties, limitations and possibilities.

ANNUAL RENEWAL FEE*** FOR MAINTAINING OF: NEVIS BC/LLC/PTC – $1,699

This package includes:

  • Government Renewal Fee;
  • Registered Agent in Nevis;
  • Registered Office (legal address) in Nevis;
  • Certificate of Renewal – scan-copy.

***All companies (BC/LLC/PTC) should be renewed until incorporation date (Example: if company is incorporated on 29th July, 2018 renewal should be paid till 29th July, 2019).

Penalties for late filling for Annual fees:

First six months of 1st year $399;

After six months of 1st year $799;

First six months of 2nd year $1,199;

After six months of 2nd year $1,599.

If company was not renewed for two years it will be struck off from Registry.

In every country there are expenses for annual maintenance of the company. The cost of this service in Nevis is USD 1,699. As already mentioned, keep in mind that our clients will not be left without notification and reminder that the company renewal fee has to be paid, as it is in client’s interest to pay in good time. Companies that are not renewed in time will have to face fines.

We will inform you about upcoming renewal 2 months in advance. You will also receive a notification should there be any changes in legislation in Nevis.

ANNUAL RENEWAL FEE FOR MAINTAINING NOMINEES:

  • Nominee Director/Manager (Nevis corporation) – $1,399
  • Nominee Shareholder/Member (Nevis corporation) – $1,399
  • Nominee Officer (Nevis corporation) – $1,399

POST INCORPORATION DOCUMENTS OF NEVIS ENTITIES:

Bound set of Copied Documents certified by Notary – $600

Bound set of Copied Documents certified by Notary with Apostille – $800

Duplicate Certificate of Incorporation – $400

Preparation of Register of: Managers/Members/Shareholders/Directors/Officers – $200

Preparation of Minutes – $450

Share Certificate – $200

Company Search – $500

Power of Attorney – General – $399

Power of Attorney – General – Notarized – $599

Power of Attorney – General – Apostilled – $799

Declaration of Trust simple – $400

Declaration of Trust with Notary – $600

Declaration of Trust with Notary and Apostille – $800

POST INCORPORATION CERTIFICATES OF NEVIS ENTITIES:

Certificate of Good Standing by the Registry – Simple – $680

Certificate of Good Standing, issued by the Registry with Apostille – $880

Certificate of Incumbency, issued by Registered Agent – Simple:

-Standard – $490

-Special (UBO) – $490

-Special (UBO+Voting rights) – $490

Certificate of Incumbency, issued by the Registered Agent with Notary – $690

Certificate of Incumbency, issued by the Registered Agent with Notary and Apostille – $890

Tax Exemption Letter issued by Registry of Nevis – $500

Tax Exemption Letter with Apostille – $700

Certificate of Dissolution – $1,700

CERTIFICATION:

Certification signed by the Registered/Resident Agent (per document) – $150

Notarization (per document) – $200

Apostille without Notarial Stamp (per document) – $200

Apostille with Notarial Stamp (per document) – $250

Certification letter from the Registry – $500

Post incorporation documents and certificates will sometimes be required in order to open bank account or for any other reason. This brings additional charges from the registry and above is the clear calculation of how much each of these documents will cost.

POST INCORPORATION CHANGE OF: NAME/CAPITAL/STRUCTURE ETC.

Change of Name:

-Without seal – $800

-With seal – $1220

Change of Сapital: $1625

Change of Officers and Directors/Managers (incudes drafts, amended Registers, new letters) – $800

Change of Shareholders/Members (includes drafts, emended Registers, up to 2 Share Certificates) – $800

Ownership/Share transfer (incl. up to 2 Certificates and amended Registers) includes Minutes and 2 new certificates – $1200

Filing of Articles of Amendment (any changes in the Articles) One copy with Endorsement – $1200

Restated Articles of Incorporation – $1625

POST INCORPORATION COMPANY CHANGES:

Continuation (company transfer to another jurisdiction) – $2520

Transfer of Domicile (company transfer to Nevis) – $1,500

Emergency Transfer of Domicile – $3000

Reinstatement Fee after company is struck off (Restoration) – $1,700

Dissolution – $1,700

Change of Registered Agent:

– Transfer Out – $1999

– Transfer In (additionally charged advance payment for renewal) – $500

If we find out a better solution or some of legislation is changed in Nevis and concerns your business, we will be able to help you with company transfer to another jurisdiction. Everything that concerns major changes in your company, like struck off, dissolution or change of registered agent is a service that we will provide as well.

OTHER POST INCORPORATION SERVICES:

Signing of Documents for Nevis corporate nominee:

-One signature – on corporate document (per document) – $160

-One signature – on bank’s form (per document) – $320

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Scanning (per page) – $100

Worldwide courier delivery – $200

Rush fee (per express service) – $150

NEGOTIATED SERVICES:

Professional Directorship Service – $3,400

General Advice – negotiated

Legal Opinion – negotiated

Professional Directorship Service is different from nominee director service. Professional director is a director who not only has experience but will also give his/her opinion, participate and select banks if necessary and in general help with your business.

SUBSTANCE FOR NEVIS COMPANY:

Financial Statements (up to 20 transactions) – $1,900

Financial Statements (over 20 transactions) – from $1,900

Web site (price depends on development complexity) – negotiated

Virtual Office – Panama – per year: $3,000 • Address;

  • Mail/Courier forwarding;
  • Dedicated phone number with message taking service.

If you need some substance for your company, we can offer this service as well. Virtual office in Panama is the most economical solution and will be handled by our staff in Panama.

N.B.! Minor changes in fees are possible. We are doing our best to keep our price lists for Nevis Corporate Services and Company Maintenance services up to date, nevertheless this industry is rapidly changing and minor pricing amendments can occur due to the local law changes, state fee changes or local services changing their price lists, for instance, courier fees.

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