Nevis is a respectable jurisdiction that is well known for its extremely watertight asset protection legislation. The basis of this is Nevis’ 1995 Limited LIability Companies Ordinance, that was written by American and British lawyers based on the pioneering LLC legislation of Delaware. Nevis is the established leader on Offshore LLCs.
Advantages of the Nevis LLC
Completely tax free and tax neutral
Excellent professional support, British legal system
Part of the Federation of St Kitts and Nevis, a sovereign territory
No requirements of a minimum paid up capital
Information about corporate managers, members and beneficial owners is not public
LLC name must contain the words “Limited Liability Company” or the abbreviations “L.L.C.”, “L.C.”, “LLC” or “LC”.
The name may not be the same as or confusingly similar to an existing company.
Restricted names: special permission is required for certain names, typically those implying a connection with financial services.
Prohibited names: some names are completely prohibited.
Registered Office Address and Registered Agent
The company must maintain a registered agent on the island, who must be licensed by the Financial Services Regulatory Commission to provide such services.
A registered office address is also required.
Offshore Pro Group provides these services as part of its standard packages. The first year’s service is included in the incorporation cost.
Members in LLCs are equivalent to shareholders in IBCs. A minimum of one member is required. Residents of any country, individuals and legal entities may be members of Nevis LLC.
Should you need a nominee member, Offshore Pro Group can provide this service.
LLCs do not have directors. Instead, the Members can choose between managing the LLC themselves or appointing an external Manager.
Managers do not need to be members of the limited liability company. Residents of any country, individuals and legal entities may become managers of Nevis LLC.
Managers may be designated and removed by the majority of the members.
For strongest asset protection, a Nevis manager is recommended. We can provide Nevis manager service. We can also provide nominee managers from other jurisdictions.
Nevis LLC Annual Fees and Taxes
Each Nevis LLC must pay the annual renewal fee at the latest on the anniversary of incorporation. Penalties are applied automatically for late payments. Our annual fees are listed in the Fee Schedule.
The annual domiciliary fee includes a government fixed tax, plus the fee for the registered agent and registered office services.
On payment of a Company Search fee, members of the public may inspect the details of an LLC as filed with the Registry. However, the Articles of Organization is the only document filed with the Nevis Registrar of Companies. It lists only name of the Nevis registered agent and registered office address. Therefore, the Company Search facility really on serves to confirm that the Company exists, but there is no puvblic information on Managers, Members etc.
Accounting and Audit Requirements
There is no audit requirement. IBCs are required to keep accounts on behalf of their management and shareholders but there is no requirement to file this information anywhere.
Speed of Incorporation
Nevis LLCs are routinely incorporated within a maximum of 2 business days, and may be incorporated with a guaranteed same day service on payment of an expedite fee. This means you can obtain a copy of the Certificate of Incorporation typically the next day. However, please allow a couple of extra days for preparation of resolutions, appointments, share certificates, powers of attorney etc. Apostilles take an additional one business day.
Basic incorporation package including all fees for first calendar year and worldwide courier delivery: USD 1,899
Basic incorporation package including all fees for first calendar year and worldwide courier delivery of the corporate document package + Apostille: USD 2,499
Annual Domiciliary Fee due from beginning of second calendar year including Tax, Registered Agent and Registered Office: USD 1,699
To request a detailed quote for other services please contact one of our consultants.