Nevis

Nevis Limited Liability Company (LLC) Formation

Nevis is a small island in the Caribbean Sea. Nevis and the neighbouring island of Saint Kitts constitute a country, known as, The Federation of Saint Kitts and Nevis. Nevis is a member of the British Commonwealth, after having gained independence from Britain in 1983.

Nevis is one of the most convenient offshore company locations, with simple regulations and ease of formation procedures. Nevis was the first offshore financial centre to enact a Limited Liability Ordinance.

The Nevis LLC offers the opportunity of a low cost way of providing privacy and protecting assets. The LLC is a hybrid of a company and partnership with the benefits of both.

  • Sole Member LLCs Permitted
  • Enhanced Asset Protection
  • No ownership limitations
  • No limitations on Members
  • No Tax in Nevis if business is conducted outside of Nevis
  • Managements may assign their interest to other parties
  • Articles of Organisation may be amended to merge or consolidate with other domestic or foreign LLCs or Businesses
  • Perfect for joint ventures – Functions as a Limited Partnership but has advantages of a company
  • No Nationality or residency requirements
  • Management by Members or designated Managers
  • Fast Formation
  • Low initial and annual fees
  • Enhanced confidentiality
  • International Business
  • Asset Protection
  • Sole Proprietorship
  • Estate Planning
  • Flexible Tax Structuring

A Nevis LLC is restricted from conducting business with residents of Nevis or to own real estate in Nevis. There is also a restriction on conducting business in banking or insurance services or conducting collective investment schemes.

To incorporate an LLC in Nevis, proposed Members (Individuals or Companies) must file the Articles of Association, along with the Incorporation Documents to the Registrar of Companies, through a licenced Agent, along with the Registered Agents Address.

The LLC is required to present a Statement, outlining the roles and responsibilities of the Members and weather the LLC is to be managed by managers exclusive of the Members or by all of the Members in their capacity as Members.

Overview
Company TypeLLC
Country LawEnglish Common Law
Company Law

Limited Liability Company Ordinance 1995

Nevis Limited Liability Company (amendment) Ordinance, 2009

Registered Office RequiredYes
Local Registered Agent RequiredYes
Shelf Companies PermittedNo
Migration Of DomicileYes
Average Time To Form Company1 to 7 Business Working Days
Government Fees
Minimum Government Formation Charge$220 USD
Recurring Minimum Annual Company License Fee$220 USD
Annual Return Filing FeeNot Applicable
Corporate Tax
Corporation TaxNo
Access to Double Taxation TreatiesNo

All Nevis LLCs not trading in Nevis are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.

Members
Minimum RequiredOne
Local or Qualified MemebersNo
Board Meetings LocationAnywhere in the world
Corporate Members PermittedYes
Privacy- Publicly Available RecordsNo

There is a minimum requirement of one Member, of which may be the Manager and can be either individuals or corporate bodies of any nationality and resident of any country.

Managers
Minimum Required ManagersOne - Can be Managed through Members or multiple Managers
Local Manager RequiredNo
Records PublicNo
Board Meeting LocationAnywhere in the World
Corporate Managers PermittedYes
Privacy - Publicly Available RecordsNo
Company Accounts
Requirements To PrepareYes
Audit RequiredNo
Keep Financial RecordsYes
Requirement To File AccountsNo
Requirement to File Annual ReturnNo
Accounts Publicly AccessibleNo

A Nevis LLC is not subject to taxation, unless otherwise stated by the Members, to be taxed as a corporation. Members of an LLC are taxed proportionally on earning, through their country of residence. If the Members of the Nevis LLC are non-resident and the LLC does not engage in local business, they are exempt from all Nevis Taxes.

All Nevis LLC’s as per the above, are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.

Nevis Facts
Location

Located in the Caribbean Sea,

along with St Kitts forms the Federation of Saint Kitts and Nevis

SizeApproximate area of 93 sq. km
PopulationApproximately 12,106
Languages SpokenMain and Official Language is English
CurrencyEast Caribbean dollar (XCD), however the US Dollar use is widespread
Politics

Parliamentary Democracy

under Federal Constitutional Monarchy

Economy

Main Industries:

Tourism

Offshore Accounting and Financial Services

Transport

Air

Road - Driving on the Left

Boat

Time ZoneUCT -4
International Dialling Code+1-869
Internet TLD.kn

Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.

Nevis Limited Liability Company (LLC) Formation Enquiry

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