The Requisites and Benefits of forming an Offshore LLC in Nevis

Posted by Acme Trustnevis on September 26th, 2019

Because it has started gaining a lot of popularity, many businesses around the world are now choosing to register their companies overseas—an offshore LLC. There are so many benefits of setting up an offshore company. For instance, you have limited liability, you are able to avail tax benefits, and ensure complete privacy. One of the best things about registering offshore is that the registration process is easy and requires minimal corporate compliance. Nevis, for example, has strong asset protection laws for real estate apart from minimal compliance. If you are planning to set up an overseas incorporation in this jurisdiction, here are a few things you should know before you take the next step-

Is it right for you?

Before you start, it is important to know if it right for you or not. Setting up an offshore LLC in Nevis is most beneficial to owners who:

  • Desire quick and hassle-free offshore incorporation

  • Are the sole owners of their businesses and do not want to have another director

  • Want a private and secure registration

  • Want to ensure strong asset protection

  • Do not want to get into the hassles of yearly audits

  • Do not want to pay for nominee directors

What are the requisites?

  • AuthorizedShare Capital - The standard authorized share capital of your offshore LLC in Nevis has to be US 0, 000 (100 shares). Although the law does not say anything about the currency in which these shares should be denominated in, the RoC only accepts shares in a currency that is recognized.

  • Number of Directors - According to Article 46(1), the minimum number of board of directors required to form an LLC is 3, however, there is an exception to this rule in case the shares of the company are held by less than 3 members.

  • Number of Shareholders - The minimum requirement is 1, however, there is no rule regarding the maximum number. The number of shareholders depends on the number of board members and are chosen in accordance with the bylaws of an individual corporation.

  • AGM Location and frequency- Although they can be held anywhere within or outside Nevis, Annual General Meetings are mandatory. The directors, if required, can have meetings as many times as the Articles of Incorporation allows.

Nevis is a jurisdiction that is stable, convenient, and discreet domicile to carry out business safely and seamlessly. Talk to an expert in offshore incorporation to know more about how to set up an offshore LLC in Nevis.

Author’s Bio – The author is an online blogger. This article is about offshore LLC in Nevis.

Acme Trustnevis

About the Author

Acme Trustnevis
Joined: October 26th, 2018
Articles Posted: 10

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