Why do people go offshore? Well, some of them are looking for better conditions, while others focus on diversification. What if your bank account back home is frozen? You can use an offshore account instead if you have one! People make arrangements for Plan B in different spheres by setting up offshore companies, establishing offshore trusts, buying real estate abroad, getting second passports, and so on.
In this post, we are going to discover Nevis, a really great destination when it comes to company or trust formation and asset protection. And if you are not experienced in offshores, read our general article on offshore company formation and the pros and cons of different jurisdictions before you decide to open an offshore company in Nevis. On our portal, you will find experts who will help you with company formation and any Plan B arrangements mentioned above.
A Few Words About Nevis
Offshores are experiencing strong pressure from global regulators and have to take steps and adapt. Nevis is not an exception, and it manages to strike the balance by meeting all international requirements and retaining all the offshore destination benefits that make it attractive for entrepreneurs from all over the world.
The company opening procedure is still straightforward and will not require much effort if you know the local regulations. Your business is not subject to any taxes provided that you generate 100% of your profits abroad. And asset protection is really remarkable here, making the island a real stronghold in the offshore world.
The best legal form we recommend to the majority of our customers is an LLC as it has proven to be the most convenient one for various business activities. And if asset protection is your top priority, do not miss a chance to set up a really good combo (Nevis trust and Nevis LLC) to reach your goal in the best possible way.
Asset Protection in Nevis: Details
All asset protection lawyers recommend Nevis! Anyway, what makes it so popular?
The answer lies in the peculiarities of its legal system.
Suppose there is a creditor that wants to claim a part of your company’s or trust’s assets, and he or she won a lawsuit in a foreign country. He or she brings this foreign court’s decision to Nevis, but – surprise! – it is not recognized there and the whole procedure has to be started all over again. And no property will ever be taken away from you unless a local court makes this decision (which is highly unlikely).
Even if the creditor is undeterred and decides to file a claim in Nevis, he or she will have some barriers to overcome. First, a bond of $100,000 is required to start legal proceedings in Nevis. Then, he or she will need to find a local lawyer, which is not that easy and will cost an arm and a leg. Finally, Nevis courts tend to be on the side of the company registered in their jurisdiction, which minimizes the chance of winning for the creditor.
All these features ultimately mean that if you keep your assets in Nevis, they are as safe as they can be.
If you have any questions about asset protection in Nevis, do not hesitate to follow the above link and contact one of our experts.
Nevis LLC: Details
Let’s take a closer look at what a Nevis LLC is like and what requirements you will have to meet:
- You will not be liable for any taxes on the company’s income, dividends, or interest worldwide.
- You will enjoy a high confidentiality level as the information on Nevis LLC members is only known to the registered agent, not to the wide public.
- You can use nominee directors, shareholders, and so on to enhance your privacy.
- Bearer shares are not allowed in Nevis.
- You can benefit from the absence of currency control and operate in any currency you like.
- You are not required to file annual reporting. However, your documents need to be kept for 5 years to be submitted upon request of the Nevis authorities.
- You are allowed to start your company with any amount of capital.
- It takes only one shareholder (an individual or a legal entity that may be residents of any country) to set up a Nevis LLC.
- If you need to hold meetings of shareholders (or the Board of Directors), you can do so anywhere in the world
As you see, Nevis focuses on maximum freedom and convenience for entrepreneurs as regards company establishment. Combined with really strong asset protection, all these features make business people flock here to set up companies and trusts.
We can help you open your Nevis company online without much hassle! Follow the above link to our portal to contact us for any details.
Are Offshore Companies Legitimate?
An offshore company is a really good business instrument, and most of our clients know that. And still, they sometimes ask a question about offshore company legitimacy to dispel the doubts as the mass media often associate offshores with various scandals and dubious schemes.
Well, an offshore company is just a tool that is suitable for different purposes, illegal ones included. It’s like a brick that can be used to build a wall or to hit someone on the head. The latter possibility does not make the brick illegal.
If you use your company for legitimate purposes, you will not have any problems with the law.
Bank Account in Nevis
Should you open a corporate bank account for your offshore company with a Nevis bank or should you look for a different jurisdiction to diversify risks? There is no precise answer to this question as everything depends on your particular situation. Nevis banking is good! But our experts sometimes offer other options. The type of your business, the location of your business partners, and the existing corporate bank accounts – all these factors may influence the choice. We seek not just a possibility but the best option that will suit your needs!
Need help? We have some free offers: for example, you can get assistance in choosing the most suitable jurisdiction for your offshore company (bank account) free of charge! Do not miss a chance to get qualified help. Follow the above link and book a session!
Your future starts today.