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Search - The Nevis Company & Trust Laws

The Nevis Company Trust Laws
Author: Adam Starchild

There are no taxes of any kind in Nevis as long as business activities, assets and income are located or generated outside the island. Furthermore, any dividend or distribution paid by a corporation having no business in Nevis to another corporation, entity or individual who is neither a citizen nor resident of Nevis is exempt from Nevis withhol... more »ding tax. Nevis company incorporation fees are exceptionally attractive. The current cost of incorporation is one of the three smallest of the 58 tax havens in the world. Of special interest is the Nevis Limited Liability Company. Formation of a Nevis L.L.C. is accomplished within one hour of receipt of instructions with the official documentation forwarded via courier from Nevis the same or next business day. The Nevis Limited Liability Company Ordinance provides that members and/or managers and principal office may be located anywhere in the world and can be of any nationality. On an annual basis, Nevis L.L.C.'s do not need to comply with reporting requirements, financial or otherwise. Additionally, L.L.C.'s are exempt from all forms of Nevis taxation and exchange controls. The following list gives some of the many advantages of the Nevis Limited Liability Company that make it so attractive to the international businessman and investor: None of the owners are exposed to personal liability.

The owners can participate in management without becoming personally liable for the company's debts. Limited Liability Companies provide a mechanism by which managers can limit the authority of non-managing members. Limited Liability Companies have no limitation on the number of members. Limited Liability Companies face no stock limitations and can issue preferred interests analogous to preferred stock of corporations. The ownership of a L.L.C. has no limitations. Limited Liability Companies can be used for international finance and investment, real estate holding, estate planning, asset protection, professional practices, and joint ventures. There are other special characteristics of the Nevis Limited Liability Company which make it a highly versatile international entity and these include: No corporate tax, income tax, withholding tax, stamp tax, asset tax, exchange controls or other fees or taxes are levied in Nevis on assets or income originating outside the island. Members of an L.L.C. may be individuals or business entities of any nationality, and they do not have to file annual or other reports in the Public Records of Nevis. Members of Limited Liability Companies may assign their interest to other parties unless restricted otherwise. Management of L.L.C.'s may be accomplished by the members or by managers designated by the members, and company records may be located anywhere in the world. Limited Liability Companies may amend their Articles of Organization, merge or consolidate with other domestic or foreign Limited Liability Companies or other business entities, and foreign L.L.C.'s or other business entities may transfer domicile to Nevis. Limited Liability Companies have limited life. This book contains the complete text of: The Nevis Business Corporation Ordinance

The Nevis International Exempt Trust Ordinance

The Nevis Limited Liability Company Ordinance

The Nevis Offshore Banking Ordinance

ISBN-13: 9781893713147
ISBN-10: 1893713148
Pages: 356
Rating:

0 stars, based on 0 rating

Publisher: International Law and Taxation Publishers
Book Type: Paperback
Members Wishing: 0
Reviews: Amazon | Write a Review

Genres:

Business & Money >> General
Business & Money >> International >> General
Law >> General
Engineering & Transportation >> Law >> International Law

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