St.Kitts and Nevis Offshore Company Formation
The information below displays the requirements to register a St.Kitts and Nevis Offshore Company (Nevis Limited Liability Company). We provide details on the maintenance, shareholder requirements, the minimum capital requirements for St.Kitts and Nevis company formation, along with the legal form, naming requirements, documentation required and director and secretary requirements.
The information below is a guide to help you with your St.Kitts and Nevis company registration, this serves as a general guide and may be subject to the most recent changes of the legislation in various jurisdictions. We invite you to Contact Us for the latest update and free quotation.
St.Kitts and Nevis Offshore Company – Nevis LLC
Legal form: The most popular form of business used by international investors is Nevis LLC. Offshore LLCs in Nevis are incorporated under the Nevis Limited Liability Company Ordinance Act of 1995 and amendments, and privacy is protected by the Confidential Relations Act of 1985. An LLC incorporated under this Act may engage in any legal business. A license is required to engage in the business of banking, insurance, assurance, re-issuance, fund management, collective investment schemes or any other activity which is associated with the banking or insurance business. A company incorporated in Nevis has the same powers as a natural person.
Offshore LLC is a corporate vehicle designed primarily for sole proprietors or business partnerships. A partner (member) of an LLC is not personally liable for the debts or liabilities of the LLC. Each member’s liability is limited to the amount of capital that such member has contributed to the LLC. A member’s profit and remuneration is governed either by the member’s ownership in the LLC or by unanimous agreement amongst the members of the LLC.
Name of the company: The name of a company must end in one of the following: “Limited Liability Company”, “LLC”, “L.L.C.”, “LC” or “L.C.” Names requiring consent or a license are: banks, building society, savings, loans, insurance, assurance, re-insurance, fund management, investment fund, municipal, Chamber of Commerce, University or their foreign equivalents.
Memorandum and Articles of Association: The operations of the LLC are governed by the Operating Agreement. The Operating Agreement is drafted by and agreed to by the members and it can be as simple or as comprehensive as they desire. Limited Liability Companies may amend their Articles of Association, merge or consolidate with other domestic or foreign Limited Liability Companies or other business entities. Foreign Limited Liability Companies or other business entities may transfer domicile to Nevis.
Members: A minimum of one member is required which may be an individual or a corporate body. Limited Liability Companies have no limitation on the number of members. Members of Limited Liability Companies may assign their interests to other parties unless restricted otherwise. Since the beneficial owners and/or managers are not registered anywhere an LLC provides complete anonymity.
The share capital: Limited Liability Companies face no stock limitations and can issue preferred interests analogous to preferred stock of corporations.
Management of the company: Management of the LLC is vested in the members of the LLC, in proportion to their ownership, or as otherwise agreed amongst the members. A member of the LLC may be appointed to manage the LLC or an outside Manager may be appointed. The members of the LLC may themselves draft and agree upon an Operating Agreement. Minimum number of managers is one. There are no residency requirements for the managers. Corporate managers permitted.
Registered office and local agent: Nevis LLC must have its registered office and registered agent in Nevis.
Taxation: 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 of Nevis.
Audit and financial returns: Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to keep financial records, which should reflect the financial position of a company. The company’s records may be located anywhere in the world.
Meetings: The directors and the members meetings need not be held in Nevis; also there is no requirement for an Annual General Meeting. All meetings may be held outside Nevis, by telephone or other electronic means. Alternatively, directors and members may vote by proxy.
Time needed for the Nevis company formation: Usually it is 1 working day, but we need up to 10 -12 working days for legalization of the documents and delivery by courier.
In order to proceed with the formation of the Nevis company (Nevis LLC) please visit our How to Start page and then proceed to filling in our Application Form.
Our costs and fees for the formation of Nevis Limited Liability Company (LLC)
Nevis Offshore Company Formation cost includes:
- Name check and approval
- Filing incorporation documents with Registrar of companies
- One set of standard corporate documents
- Payment of the government fees
- Provision of registered agent and address for one year
- Provision of company secretary for one year
- Rubber stamp
Optional services (to be chosen by the client)
- Provision of nominee shareholder
- Provision of nominee director
- General Power of Attorney issued by nominee director, apostilled
- Notarial certification
- Apostille
- Opening a corporate bank account
- Bank card application
- Certificate of Incumbency
- Certificate of Good Standing
- Mail collection, mail forwarding ( please contact us for a quotation )
- Virtual office ( please contact us for a quotation )
- Metal seal
- Extra rubber stamp
Recurring maintenance fees from 2nd year and after
- Provision of registered office and address
- Provision of company secretary and registered agent
- Fees to Island Administration
Speak to one of our consultants for a free quotation
For DeltaQuest Corporate Services please contact:
Telephone: +357-25-878480
Fax: +357-25-761160
E-mail: corporate@deltaquestgroup.com
Mailing address: P.O.Box 57216, Limassol 3313, Cyprus
Business address: 14, Louki Akrita Str., Ayias Zonis, Limassol 3030, Cyprus
You can also fill our Contact Form
Print This Page
