|
|
Introduction | Information
NEVIS
 
The tiny two-island nation of Nevis is located 225 miles east of Puerto Rico and 1,200 miles south of Miami, Florida. Nevis is a former British Colony which became independent in 1983.
Nevis has enacted or amended legislation to prevent, detect and combat money laundering and other financial crimes. It has appointed an independent regulator and has established a Financial Services Department and a Financial Intelligence Unit.
It also belongs to the ITIO – grouping of 16 small and developing nations and 5 observers working together to strengthen their positions with initiatives such as the OECD and EU Directive.
Nevis offers both corporations and LLCs. Corporations offer the following advantages:
- No disclosure or reporting of ownership and management to any Governmental or local authority.
- Flexible provisions for share issuance including bearer shares, shares of no par value, foreign currency denomination and purchase and redemption of shares from surplus.
- No residency or nationality requirement for Directors, Officers or Stockholders.
- Streamlined transfer, amendment and dissolution provisions.
LLCs are treated as tax transparent by the US authorities and additionally have:
- Flexible ownership and management provisions
- Recognition of single member LLC
- No return or reporting requirements
- Foreign entities may be redomiciled to Nevis as LLC
- Exemption from all Nevis taxation and exchange controls
The Nevis advantages:
- Stable government based upon Westminster model
- Easy accessible to Europe & North America
- Excellent telecom facilities
- Easy registration of companies
- Large availability of names
- Over 50 registered agents with considerable expertise
- No personal income taxes
- Exemption of offshore companies from taxes
- The granting of tax holidays, exemptions & concessions
- Solid reputation with commitment to having proper regulatory regime
|
