Characteristics of Nevis Limited Liability Company (Nevis LLC formation)

Updated time: 09 Jan, 2019, 18:54 (UTC+08:00)

Single member Limited Liability Companies (Single Member LLC)

A distinct advantage of a Nevis LLC is the ability to incorporate with a single member. Although Nevis isn’t the only place this is possible, the strong asset protection laws of Nevis are favorable compared to other jurisdictions.

Easy Corporate Compliance

Unlike other jurisdictions, an example being Hong Kong, a Nevis LLC does not have to face mandatory audits, and corporate compliance is minimal. There are very few company records to be maintained, such as corporate minutes. Your company meeting can be held anywhere, and an

No Resident Directors

A Nevis LLC can be formed without mandatory resident directors.

Strong Asset Protection

To bring an action against your business incorporated in Nevis, the creditor would need to post a $25,000 cash bond with the court, in addition to any legal fees. It might not be as strong as the Cook Islands, but Nevis is a solid choice from an asset protection standpoint.

Nevis offshore statutes for Nevis IBCs and Nevis LLCs are actually derived from the jurisdictional law of the states of Delaware and Wyoming, respectively. A single-member LLC in Nevis has charging order protection, and other benefits of a Wyoming LLC, located in a jurisdiction offshore, with Nevis courts, governing. All the benefits of the strongest LLC in the United States located offshore in Nevis.

Nevis has no connection to U.S. court systems or governance; the country simply borrowed the jurisdictional law because they felt it was the strongest upon which to build their offshore domicile laws.

Privacy

The Confidential Relations Act of 1985 guarantees the confidentiality of Nevis offshore companies and bank accounts.

Nevis Has No Public Registry – Nevis does not have a database of corporate records accessible to the public. Only the government of St Kitts and Nevis, as well as lawyers practicing in Nevis, can access this database.

Unlike other jurisdictions, no greedy creditor can get even the most basic information about your LLC, such as when it was filed, whom it was filed by, or who owns the company. Your registration is essentially anonymous.

Your Nevis LLC is backed by strong laws

Nevis is a common law jurisdiction with LLC statues. English is used in the court system and it tends to deter creditors knowing that they will need to post a bond in order to sue you.

Your Offshore Nevis LLC is private

Your name is not on the company registry, because there is no publicly accessible company registry. Nevis LLC formation is a private procedure, and your name won’t be disclosed.

Single-member LLC

You have the choice of a manager-managed LLC with multiple members,or a member-managed LLC with multiple members. LLCs are for the most part very flexible.