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NEVIS

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Nevis LLC - All Inclusive Packages From - 770 UK £ - 1185 - 1150 USD $

Nevis LLC Legislation

The Limited Liability Company Ordinance was passed in January 2002. While the ordinance is based on the well recognized Wyoming LLC Ordinance, the Nevis LLC is further developed and customized to attract investors and compliment the growing offshore sector.

The LLC form combines the functions of two main business entities, the corporation and the partnership, under which the company structure limits the investor's liability. LLC owners and investors can operate and manage their business affairs without being personally liable for the company. Investor/s in the LLC can operate their business without putting any personal assets at risk.

Offshore limited liability companies are set up without the complex administrative requirements. They omit the detailed reporting and accounting requirements often associated with company maintenance. The LLC does not have shareholders (it does not issue shares) and its owners are called "members". In Nevis, you can appoint a nominee member (provided by the agent) which is a service that enhances your privacy, since your name is not upfront on any incorporation documents.

Nevis Company Flexibility/ Structure

Nevis Offshore LLCs may be formed with one or more owners/members;

The owners of a Nevis LLC are called members (not shareholders);

Nevis Limited Liability Companies may be fully owned by non-resident members.

There is no limit on the number of members allowed in a Nevis LLC.

The Management of an LLC is usually undertaken by its members, but when necessary, an appointment for outside manager may be instrumented. The manager would report directly to the members. This manager can be an individual or a corporate entity.

The structure of the LLC does not provide for a Board of Directors. The flexibility in the law allows the members by agreement, written or oral, to decide on the most appropriate management system and on the distribution of profits. The company may enter into an operating agreement.

Nevis LLC Duration

The LLC can be established with or without a set duration.

Nevis Companies Shares and Capital Requirements

Shares are not issued by LLCs and there is no authorized capital requirement. The distribution of profits, the management powers and the member's responsibilities are stipulated in an agreement referred to as The Members Operating Agreement.

Nevis LLC Taxation

Nevis LLCs are tax exempt companies. As long as members are non-resident and the income generated by LLC activities is generated from outside the country, the company is tax free. It is understood that individuals who are members (non-resident) are responsible for their individual tax reporting.

Nevis LLC Meetings/Books/Records

Annual reports and financial returns, audits are not required. There is no requirement for the LLC to hold meetings or report on those meetings.

Nevis Company Confidentiality/Privacy

The names of the members are not part of any document filed with the registry. The names of the LLC members are known only to the registered agent which is a statutory requirement.

Nevis LLC Time Frame

Incorporating of an LLC in Nevis can be done in as little as one work day.

Nevis Companies Annual renewals

Annual renewal fees are paid on or before the anniversary date of registration.

Nevis Company Restrictions

An offshore LLC shall not engage in Banking, insurance or other listed activities under legislation, but may conduct any legal unrestricted and unlimited business activities set out by law.

Nevis LLC Names

All corporations incorporated under this particular legislation must use the words "Limited Liability Company" in full or in abbreviated form in the company's name.


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