NEVIS COMPANIES
TABLE OF CONTENTS
THE
NEVIS BUSINESS CORPORATION
THE
NEVIS LIMITED LIABILITY COMPANY
THE NEVIS TRUST
CREATING
A COMPANY OR TRUST IN NEVIS
THE
NEVIS BUSINESS CORPORATION (NBC)
Governed by the Nevis Business Corporation Ordinance, 1984, The NBC is equivalent to what is commonly known as the International Business Company (IBC).
CHARACTERISTICS
Under the NBC, there is no need to disclose the particular objects for which the company is incorporated. The company's records and its principal office may be located anywhere in the world. Corporate financial returns need not be filed in Nevis. No taxes are levied in Nevis on income, dividends or distributions of the company that are not earned on the island.
Shares can be in registered or bearer form. Those with par value may be denominated in any currency. A Managing Director, both individual and corporate, can be appointed to guide the company's activities. Alternate or substitute directors may also be appointed. Shareholders, directors and officers may be of any nationality and reside anywhere. They may also act by unanimous consent without a meeting.
Nevis companies may amend the Articles of Incorporation, merge or consolidate with foreign or other Nevis corporations or file Articles of Dissolution. Any company formed in another jurisdiction may redomicile in Nevis.
ADVANTAGES
- Total confidentiality and anonymity; No requirement to disclose beneficial ownership; no requirement to file annual reports of a financial nature or otherwise; bearer shares permitted.
- Full exemption from all forms of Nevis taxation.
- Simple and speedy Incorporation process. Facsimile filings are permitted.
- No minimum capitalization requirement before commencing business. Complete freedom from currency regulations and exchange controls.
- Inexpensive incorporation charges and annual maintenance fees.
Questionnaire
and Fee Schedule
TOP
THE
NEVIS LIMITED LIABILITY COMPANY (LLC)
Governed by the Nevis Limited Liability Company Ordinance, 1995, the Nevis LLC is a business entity that provides an alternative for those who might consider using corporations or partnerships.
CHARACTERISTICS
Management of LLCs may be accomplished by the members or by managers designated by the members. The members of the LLC may be individuals or business entities of any nationality or domicile. On the other hand, single member LLCs are permitted. Members are not liable for obligations of the company and, if desired, members may assign their interests to other parties unless otherwise restricted.
The company's records may be located anywhere in the world and no annual or other reports by members are required to be filed in Nevis. No taxes are levied in Nevis on assets or income originating outside of Nevis.
LLCs may have limited life. They may also amend their Articles of Organization, or merge or consolidate with other LLCs or other business entities. Redomiciliation of an LLC is permitted in Nevis.
ADVANTAGES
- The owners can participate in management without becoming personally liable for the company's debts.
- LLCs provide a mechanism by which managers can limit the authority of non-managing members.
- There is no limitation on the number of members.
- LLCs face no stock limitations and can issue preferred interests analogous to preferred stock corporations.
- The ownership of the LLC has no limitations.
Questionnaire and Fee Schedule
A trust, or a trust in conjunction with a company or partnership, can be an effective estate planning tool or will-substitute. In all cases, competent advice should be sought in the country of the settlor's residence or domicile, before creating the trust. We at First Group are always happy to work with a client's existing advisers.
Although a trust register is maintained, it only records the name of the trust and date of settlement and is not a public document available for inspection. There are no means by which the public can learn about the existence or terms of any private trust.
Questionnaire and Fee Schedule
FORMING A COMPANY OR TRUST IN NEVIS
To form a company or trust in Nevis, we require a completed Confidential Questionnaire, together with the information necessary to complete the filing requirements of the legislation:
- Confidental Questionnaire for an NBC
- Confidential Questionnaire for an LLC
To find out more about Companies and Trusts in Nevis please e-mail information@firstgroupcaribbean.com
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