Nevis Limited Liability Company (LLC)
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Nevis Limited Liability Company (LLC)
Nevis is a small island in the Caribbean Sea that is part of the inner arc of the West Indian Leeward Islands chain, the capital of the island is Charlestown.
Nevis is the smaller of the two islands comprising the Federation of St. Kitts and Nevis which has been an independent territory since 1983. The legal system is based on English common law.
Nevis enjoys a stable and secure economy, an unblemished international reputation and a government whose motto is quality, innovation and integrity. The official language is English and the currency used is the Eastern Caribbean Dollar. The main source of income for Nevis is tourism.
Highlights of Nevis LLC
As its name suggest, the Nevis LLC is a special type of company which isolates the assets of its members from its own, enabling members to limit possible risk of losing their personal assets if they were to be tied or invested in the company. To achieve this, the Nevis LLC restricts the liabilities of each member to the amount of the capital that they would have put into the LLC. This feature of the Nevis LLC further explains the reason why persons investing in the company are referred to as members and not shareholders, based on the fact that investments are regarded as contributions and not shares; but the payment of dividends and interests where applicable are still paid. Also separate from the members are the rights and liabilities of the Nevis LLC, which allows for further legal protection of members. Nevis LLCs thus offers an alternative to setting up a partnership or a corporation where the special characteristics of one form do not exist in the other.
Features of Nevis LLC
Must end with “Limited Liability Company” , “Limited Company”, “LLC”, “L.L.C.”, “LC”, “L.C.” or GmbH
- Minimum: 1
- Residency Requirements: None
- Legal Person: Permitted
No minimum share capital requirements
- Minimum: 1
- Residency Requirements: None
- Legal Person: Permitted
- Beneficial Owners must be not be resident of Nevis
- No public disclosure of information
Nevis LLCs are obliged to prepare but not file any financial accounts. Only such records must be kept as Managers deem necessary in order to adequately keep track of the Company’s transactions, for the information purposes of its owners and management.
Nevis LLC’s are exempt from corporate tax, stamp tax, income tax, withholding tax and capital gains tax, including exchange controls.
Foreign companies being manage and control in the UAE are subject to UAE Corporate Tax and required to register within 3 months from date of incorporation.
Yes, Company must appoint an approved local registered agent.
Incorporation can be achieved within 3-4 working days.
Falls every anniversary date of incorporation
Allowed
Nevis Limited Liability Company Cost
NEVIS LLC company setup cost starts from US$ 2,000/-
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I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
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