Register an Offshore Company in Nevis: a BC or an LLC from 2,950 USD
The opportunity to register a company in the offshore jurisdiction of Nevis attracts international entrepreneurs. There they find considerable tax incentives, efficient legal protection, and a high level of personal information confidentiality.
In addition to that, the Caribbean jurisdiction boasts a favorable business climate and the administrative procedures are simple there. These facts make Nevis worth considering as a possible home for your foreign company. Why has Nevis been a popular platform with those engaged in commercial activities for years? Let us point out the advantages of the jurisdiction that you can make full use of.
Registering a company in Nevis
Nevis is a small island in the Caribbean Sea and it is part of the Federation of St Kitts and Nevis. Since 1985, the jurisdiction has been popular with business people from different countries because it provides high levels of security and confidentiality. These properties are certainly appreciated by those who wish to start offshore companies and open offshore bank accounts. The popularity of Nevis as an offshore jurisdiction has been growing in recent years.
The legislative framework of Nevis is based on English Common Law with some elements characteristic of the US legislation. It provides complete confidentiality and legal protection of assets. The Tax Code provides tax incentives for international businesses. Nevis-based companies that belong to foreigners are exempted from all local taxes. At the same time, Nevis is in conformity with international standards of transparency, which allows it to avoid being blacklisted by the EU and other international organizations.
Popular forms of company ownership in Nevis
In most cases, foreign entrepreneurs will register whether a Nevis BC (Business Corporation) or a Nevis LLC (Limited Liability Company). In the table below, we compare the two company types by several criteria.
| Criterion | Business Corporation (BC) | Limited Liability Company (LLC) |
| Confidentiality | Shareholders’ register is closed to the public. | The register of members is closed to the public and accessible only to authorized individuals. |
| Minimum number of shareholders/ members | One shareholder, a resident of any country. | One member, a natural person or a legal entity. |
| Administration | The company is managed by directors; depending on the number of shareholders, the number of directors can be 1 to 3. | The company can be managed by the members (the owners) and/ or hired managers. |
| Requirements to authorized capital | Minimum authorized capital is 1 USD. | No requirements to authorized capital. |
| Registered address and agent | A registered address in Nevis and a secretary is required. | A registered address in Nevis and a secretary is required. |
| Taxation | Complete exemption from local taxes and an opportunity to use the territorial taxation system. | Exemption from taxes on the island and the company can choose the taxation regime depending on the jurisdiction where it performs business operations. |
| Requirements to company name | The company name has to reflect the corporate status of the company and contain words such as ‘corporation’, ‘Inc.’, etc. | The company name has to contain worlds such as ‘LLC’ or ‘Ltd’ to reflect the limited liability of the company owners. |
| Registration timeframe | The registration process takes from 2 to 5 business days. | The process takes from 1 day but sometimes it can be a bit longer. |
| Remote company registration | Possible via a trusted agent; no personal presence is required. | The company can be registered online. |
| Simplicity of registration extension | The company registration is extended automatically on the condition that the fee is paid in time. | The registration extension is simple and inexpensive. |
How to choose the company type?
The choice of the company type will depend on your business objectives. A Business Corporation will suit the purposes of international trade, investment, and other entrepreneurial activities. You need a BC if you are not planning to build a complex business structure.
If your goal were to protect your assets and partnership agreements with various international companies, a Limited Liability Company would be the best choice. The company type allows great flexibility in management and gives powerful legal asset protection mechanisms. An LLC also allows avoiding double taxation, which can be an important factor for an international company.
Advantages of setting up a business company in Nevis
- Confidentiality and asset protection. The registers of shareholders/ members are not available to the public. Court decisions made in other jurisdictions are disregarded in Nevis. Only a local court of law could confiscate the company’s assets.
- Treaties on double taxation avoidance. Nevis actively participates in international agreements on information exchange with such countries as Great Britain, Canada, Australia, and others.
- Minimum tax obligations. Business companies registered in Nevis are exempted from all local taxes if they do not perform any commercial operations in the jurisdiction.
- Simplicity and high speed of company registration. The process takes only a few days and remote company registration opportunities are available.
- Low operational costs. The procedure of extending company registration is straightforward, which simplifies administrative tasks and allows concentrating on business development.
The cost of registering a company in Nevis
The total cost of forming a company in Nevis depends on several factors. These include the company type, additional services, and the choice of banking options. We will gladly assist you in registering a company in Nevis at the following prices:
| Service | Cost |
| Standard LLC registration | From 2,950 EUR |
| Company registration with a set of apostilled documents | From 3,550 EUR |
| Company registration without a bank account and annual extension | From 3,350 EUR (a set of apostilled documents and their courier delivery) |
| Registration extension | From 1,950 EUR (including the state duty, registered agent’s services, legal address, and a copy of registration extension certificate) |
| Opening a corporate bank account | From 5,550 EUR (including the bank’s fees and administrative support) |
To sum up
If you are thinking of registering an offshore company, please give Nevis some special consideration. There you can establish a reliable and flexible business structure that meets the highest standards and all the modern requirements. Do not hesitate to contact our experts to discuss the opportunity in every detail and to find out about the nuances of registering and maintaining a business company in Nevis.
