Open a company in Nevis

Open Offshore Nevis

Official language: English

Organizational and legal forms of companies:

1. Multipurpose fund.
2. Trust
3. NBCO (Holding).
4. LLC

Capital: Basseterre

Largest cities: Basseterre

Government: parliamentary monarchy

Legal system: Anglo-Saxon legal system

Currency: East Caribbean dollar

Offshore registration - cost and renewal, as well as additional services:

Jurisdiction Brief: Nevis is a secure jurisdiction with a high level of privacy. Opening an offshore Nevis can be quite simple. The main feature of Nevis is the fact that unique multifunctional funds can be opened here.

What is included in the cost of company registration and renewal:

1. Documentation in accordance with all rules and regulations, as well as the collection of all necessary documentation.
2. Due Diligence procedure.
3. Paying fees and charges.
4. Legal support and corporate support.
5. Consultations and answers to your questions.
6. Notarization of documentation.
7. Power of attorney for our employee.
8. Some of our clients do not want to waste time and decide to buy offshore Nevis.

Required documents from the beneficiary:

1. Certificate of registration with apostille.
2. Certificate of submission of documents for registration.
3. The Articles of Association and Memorandum of Association.
4. Minutes taken at the meeting about the establishment and participants of the legal entity.
5. Minutes taken at the founders' meeting.
6. Share Certificate

Documents provided after registration:

1. Memorandum of Association.
2. Constituent documents.

Working algorithm:

1. Professional advice to help you understand how to open offshore Nevis correctly and quickly.
2. Identification (Due Diligence) of the beneficiary.
3. You pay for the services of our company, after which we begin to collect all the necessary documents and draw them up in accordance with all standards.
4. Payment of government fees and duties by our employees.
5. Would you like to buy offshore Nevis instead? We will help you with this as well.

Jurisdiction Benefits:

1. The region is distinguished by many years of political stability.
2. Nevis has a very good reputation among jurisdictions.
3. No currency control.
4. Assets are fully protected, there is high confidentiality of any information.
5. Foreign companies are exempt from paying taxes.

Disadvantages of jurisdiction:

In what schemes it is usually used: Usually, holding companies are opened on the basis of Nevis.

List of banks in jurisdiction:

1. Eastern Caribbean Central Bank (ECCB).

Company requirements:

1. Company name must end with "Limited".
2. There must be at least one director. There are no residency requirements.
3. There must be at least one shareholder. May not be a resident of Nevis.
4. There are no authorized capital requirements.
5. You cannot issue bearer shares.

Prohibited activities: If you open an exempt offshore company in Nevis, then be prepared that it does not have the right to trade on the island or have any real estate on it. It is not allowed to engage in banking, trust, insurance, collective investment activities.

Taxation system: If the company's income was received outside the territory of the island of Nevis, then they are not taxed. But you need to pay the so-called fixed license fee, which goes to the country's budget (220 US dollars). Other companies pay income tax at the rate of 35%.

Corporate law:

1. Nevis Business Corporations Act dated 1984.
2. Nevis Limited Liability Companies Act dated 1995.
3. International Exempt Trusts Act from 1994.
4. Nevis Banking Act dated 1996.

Filing requirements: There is no need to maintain and file accounting or financial statements.

Possibilities for immigration to the jurisdiction: To obtain a residence permit on the island of Nevis, you can take part in special investment programs.

Double Tax Treaties: Nevis has signed a double tax treaty with the UK only.

Tax Information Agreements:All information is fully protected by Law.

• Offshore registration in Nevis takes about two weeks (together with the submission of documentation).
• To protect your assets, you can use two instruments: Nevis International Trusts or Nevis Multiform Fund.

The following jurisdictions may also suit you: Offshore Panama

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Hungary – offshore or not?

The country does not have a reputation as an offshore zone, while taxes here are the lowest in Europe.