APGI Nevis Limited Liability Company
Nevis LLC Incorporation
From 715.00/US$895.00
Nevis Limited Liability Company (LLC) Overview
GENERAL INFORMATION
Longitude and is located in the Leeward Islands approximately 2,000 km south-east of Miami. Mount Nevis lies in the center of the 92 sq km Island and towers 985 meters. Columbus sighted and named the Island on his second voyage in 1493. The climate is nearly perfect and the variation in altitude and soil conditions creates a natural garden of tropical vegetation ranging from rain to near desert.
POPULATION
The population of Nevis is 8,500 with 35,000 residents in the neighboring island of St. Kitts.
POLITICAL STRUCTURE
Nevis was a British colony from 1628 until 1983 when it became independent and joined the Federation of St. Kitts and Nevis. The Federation is an active member of the British Commonwealth. Nevis is a vigorous democracy based upon the British Parliamentary system with an elected local assembly. An independent study has ranked the Federation of St. Kitts and Nevis as one of the ten freest nations in the world for seven years running.
INFRASTRUCTURE AND ECONOMY
Excellent communications facilities offer direct dialling from the US, Canada and Europe. World-wide telex, facsimile and telegraph services are operated by Cable and Wireless. Direct air services to North America are provided by BWIA and Air Canada on a scheduled basis. LIAT, WINAIR and American Eagle link Nevis with other Caribbean Islands. From Europe, service is provided by British Airways, Lufthansa, Air France and Iberia via stops in neighboring Islands.
Nevis does not have a deep-water port; however, it has an important mooring basin for yachts.
The economy has traditionally depended on the growing and processing of sugar cane; decreasing world prices have hurt the industry in recent years. Tourism and export oriented manufacturing have begun to assume larger roles, although they still only represent approximately 7% and 4% respectively of GDP. Growth in the construction and tourism sectors has spurred the economic expansion of the Island. Most food is imported.
LANGUAGE
English is the official and commercial language of the Island. Nevis enjoys a literacy rate of 96%, one of the highest in the Western Hemisphere.
CURRENCY
Eastern Caribbean Dollar, which is fixed to the US Dollar.
EXCHANGE CONTROL
None.
TYPE OF LAW
Common Law based on English Common Law.
PRINCIPAL CORPORATE LEGISLATION
Nevis Business Corporation Ordinance 1984.
NEVIS LLC REVIEW
The Nevis Limited Liability Company (LLC) based upon The Nevis Business Corporation Ordinance - Enacted in 1984 with recent amendments in 1995 this Ordinance is modeled on Delaware corporate statutes. The language is clear, easy to understand and was drafted with the needs of the modern investor as a foremost consideration. Over the years offshore experts and International attorneys have rated The Nevis Business Corporate Ordinance to be the most flexible corporate statute, which put Nevis at the top of the list for one's IBC haven.
Nevis Limited Liability Company Information and Features
Key Corporate Features
| General | |
|---|---|
| Type of entity: | LLC |
| Type of law: | Common |
| Shelf company availability: | Yes |
| Our time to establish a new company: | 2 Days |
| Minimum government fees (excluding taxation): | US$220 |
| Corporate taxation: | None |
| Double taxation treaty access: | No |
| Share capital or equivalent | |
| Standard currency: | US$ |
| Permitted currencies: | US$ |
| Minimum paid up: | US$1 |
| Usual authorized: | US$100,000 |
| Directors or Managers | |
| Minimum number: | One |
| Local required: | No |
| Publicly accessible records: | No |
| Location of meetings: | Anywhere |
| Members | |
| Minimum number: | One |
| Publicly accessible records: | No |
| Location of meetings: | Anywhere |
| Company Secretary | |
| Required: | Yes |
| Local or qualified: | No |
| Accounts | |
| Requirement to prepare: | No |
| Audit requirements: | No |
| Requirement to file accounts: | No |
| Publicly accessible accounts: | No |
| Other | |
| Requirement to file annual return: | No |
| Change in domicile permitted: | Yes |
Nevis Company Information
Type of Company For International Trade and Investment
Offshore Exempt Company (NBCO) & LLC
Procedure to Incorporate
By submission of the Articles of Incorporation to the Registrar of Companies, together with the appropriate fee.
Restrictions on Trading
A Nevis company incorporated under the Business Corporation Ordinance 1984 may not trade within Nevis, or own real estate there. A company incorporated under the said Act may not engage in the business of banking, insurance, assurance, reinsurance, fund management, collective investment schemes or any other activity that would suggest an association with the banking or Insurance industries.
Powers of Company
A Company incorporated in Nevis has the same powers as a natural person.
Language of Legislation and Corporate Documents
English.
Time to Incorporate
2 Days but delivery of documents may take 2 weeks.
Name Restrictions
Any name that is identical to or similar to an existing company. Any name that in the opinion of the Registrar is undesirable or suggests an illegal activity or any name that may imply government patronage.
Language of Name
May be in any language that uses the Latin alphabet. The Registrar may request an English translation if a foreign language name is used.
Registered Office Required
Yes, must be maintained in Nevis at the address of a licensed management company.
Names Requiring Consent or Licence
Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, municipal, Chamber of Commerce, university or their foreign language equivalent.
Suffixes to Denote Limited Liability
Limited, Company, Corporation, Incorporated, Sociedad Anonima, Gesellschaft mit beshrδnkter Haftung or their abbreviations.
Disclosure of Beneficial Ownership to Government Authorities
No.
Compliance
Authorized Share Capital
The usual authorized share capital of a Nevis Company is US$100,000. Normally the authorized share capital is either 1,000 no par value shares or US$ 100,000 par value shares. The minimum issued capital is one share of no par value or one share of par value.
Classes of Shares Permitted
Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Taxation
A Nevis offshore exempt company is exempt from local taxation.
Double Taxation Agreements
Although Nevis does have double tax agreements, a company incorporated under the Nevis Business Corporation Ordinance 1984 cannot obtain any treaty relief through them.
Licence Fees
There is an annual registration fee of US$220 payable to the Minister of Finance.
Financial Statement Requirements
Whilst there is no requirement to submit or file audited financial statements, a Nevis company is required to maintain financial records to reflect the financial position of the company.
Directors
The minimum number of directors is three if the number of shareholders is three. If fewer than three, the number of directors may be equal to the number of shareholders. The directors may be natural persons or bodies corporate and may be of any nationality and need not be residents of Nevis.
Company Secretary
A Nevis exempt company must appoint a company secretary, who may be a natural person or a body corporate may be of any nationality and need not be resident in Nevis.
Shareholders
The minimum number of shareholders is one.
Schedule Of Fees
| Basic Fees: Nevis LLC | EURO | $ US DOLLAR |
|---|---|---|
| Annual License Fee: | 187 | US$235 |
| Annual Registered Office fee: | 160 | US$200 |
| Annual Registered Agent fee: | 160 | US$200 |
| Incorporation Fees: | 208 | US$260 |
| TOTAL FIRST YEAR FEES: | 715 | US$895 |
| Additional Services: | EURO | $ US DOLLAR |
| Corporate Seal | 40 | US$50 |
| Open Nevis Bank Account | 520 | US$650 |
| Open Offshore Bank Account | 275 | US$345 |
| Power of Attorney (General) | 120 | US$150 |
| Power of Attorney (Specific) | 240 | US$300 |
| Certificate of Good Standing | 120 | US$150 |
| Notarization per document or set | 60 | US$75 |
| Apostille per document or set | 100 | US$125 |
| Nominee Director (Corporate Entity) | 280 | US$350 |
| Nominee Director (Natural Person) | 360 | US$450 |
| Nominee Secretary (Corporate Entity) | 280 | US$350 |
| Nominee Secretary (Natural Person) | 360 | US$450 |
| Nominee Officer (Natural Person) | 360 | US$450 |
| Nominee Shareholder | 280 | US$350 |
| Annual Fees: | EURO | $ US DOLLAR |
| Maintenance Fee (due in January) | 460 | US$575 |