APGI Nevis International Business Company
Nevis IBC Incorporation
From US$1095.00
Nevis LLC Overview
The Nevis LLC also known as the Nevis Limited Liability Company is a very interesting as well as flexible tool which can be used for asset protection as well as offshore investing, consulting, and international trade and commerce. There are no corporate taxes levied on a Nevis LLC which operates outside of the jurisdiction. Currently there are no named disclosures are public records and there are no disclosures of the beneficial owners of the company as well. There no requirements for members or managers and their no requirements for those who are listed on the company to be residents of Nevis. Another great feature of the Nevis LLC is that there are no annual return filing requirements and the company can be established with a sole member. This allows an individual to incorporate in the jurisdiction and remain anonymous.
A Nevis LLC allows you to shield your assets from government agencies, creditors, lawsuits, as well as shield the director or beneficial owners of the company from legal liability. Currently, the legislation in Nevis allows the owners or beneficial owners to manage the company without becoming legally responsible for the financial obligations or legal liabilities of the entity. One of the great benefits that the Nevis LLC provides is that the companies establish with members rather than shareholders. Therefore, the company has no shares which can be seized by court of law or creditor should a lawsuit be put into place. This also removes all legal responsibility for the obligations of the company from the members of allowing them to separate themselves from the entity while maintaining control.
Because the Nevis LLC has quite a few three powerful asset protection features, a manager can have 100% control of the company and the bylaw there is no requirement for the manager to be the owner of the company but at the same time complete control over the entire company and its assets is maintained. The company can have as many members as necessary in any individual or company can own the Nevis entity. Currently Nevis does not impose any corporate taxes, income taxes, withholding taxes, stamp taxes, asset taxes, or change controls on any income which originates outside of the jurisdiction of Nevis.
Other great features of the Nevis LLC are that the members can amend their articles of organization as well as merge, consolidate, or enjoying with other foreign LLC's and business entities. The members may also assign their interests to other parties unless it is restricted in the jurisdiction of the person in which the interest was assigned to. Management of the entity can either be by the members themselves or they can designate a specific manager in which to receive orders from the members concerning the management of the company. Currently, there are no stock limitations allowing the company to issue preferred stock.
Often times people use the Nevis LLC as a vehicle in which to pool funds for a group of investors for a joint venture investment such as real estate investing, the purchase of investment products, precious metals, amongst others. This particular aspect of the Nevis company is oftentimes considered to be similar to the limited partnership while retaining the added liability protection features which are often times only found in corporations.
The initial thesis up a Nevis company are relatively inexpensive. Annual fees are low as well and stable legislation has actually maintained the government fees for quite some time which in the long run will save the end-user quite a bit of money. Currently, as many people are aware; other jurisdictions such as the BVI are changing the legislation as well as their fees which creates a very disadvantageous entity due to the excessive changes which all require some sort of legal change or documentation in order to make it effective and maintain the company in good standing.
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.
IBC REVIEW
The Nevis International Business Company (IBC) 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 International Business Company Information and Features
Key Corporate Features
| General | |
|---|---|
| Type of entity: | IBC |
| 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 beshränkter 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 IBC | € EURO | $ US DOLLAR |
|---|---|---|
| Annual License Fee: | included | included |
| Annual Registered Office Fee: | included | included |
| Annual Registered Agent Fee: | included | included |
| Incorporation Fees: | included | included |
| TOTAL FIRST YEAR FEES: | €- | US$1095 |
| Additional Services: | € EURO | $ US DOLLAR |
| Corporate Seal | €- | US$50 |
| Open Offshore Bank Account | €- | US$400 |
| Power of Attorney (General) | €- | US$150 |
| Power of Attorney (Specific) | €- | US$300 |
| Certificate of Good Standing | €- | US$250 |
| Notarization per document or set | €- | US$150 |
| Apostille per document or set | €- | US$250 |
| Nominee Director (Corporate Entity) | €- | US$350 |
| Nominee Director (Natural Person) | €- | US$650 |
| Nominee Shareholder | €- | US$350 |
| Annual Fees: | € EURO | $ US DOLLAR |
| Maintenance Fee (due in January) | €- | US$750 |
