Nevis LLC + Bank Account

What’s Included?

• Operational bank account
• Registered and operational company
• Complete application process handled on your behalf
• Due diligence checks conducted as part of the service
• Drafting of country-compliant company documents such as the operating agreement
• Coverage of all third-party costs, including first-year registration fees with the appropriate government body
• Application guide outlining each step of the application process.

The Nevis Limited Liability Company (LLC) is one of the most attractive and convenient offshore company structures in the world, known for its robust asset protection and flexible operational framework. Evident by the repeated replication of the legislation across many other jurisdictions around the world. Key Benefits Flexible Management Structure: Legislation allows single-member LLCs that can be managed by the member themselves or by appointed managers.

Adding a bank account to your Nevis LLC allows you to take full advantage of the jurisdiction’s strong asset protection advantages while effectively managing and growing your wealth. By opening a bank account, you gain access to a suite of financial services designed for international clients, enabling streamlined financial operations and enhanced asset security. Our bank account offerings include multicurrency accounts, interest-bearing accounts, self-managed trading accounts, managed investment accounts, and named IBAN accounts.

Key Benefits

• Flexible Management Structure: Legislation allows single-member LLCs that can be managed by the member themselves or by appointed managers.
• Strong Anti-Creditor Legislation:
  • Limited Creditor Remedies: The sole remedy available to creditors is a non-renewable three-year charging order on the LLC membership interest. For example, if a court rules in favor of a creditor, they can only obtain a charging order on your LLC interest for three years, during which they cannot force distributions, interfere with management decisions, or liquidate the LLC. Once the charging order expires, the creditor loses any claim against your LLC interest.
  • Local Enforcement Only: Foreign judgments are not enforceable in Nevis, requiring creditors to bring their case before the Nevis High Court. In the extremely rare instance that a creditor manages to bring a case to the Nevis High Court and win their claim, the sole remedy available is a non-renewable three-year charging order over your membership interest. This means that if a distribution occurs, the creditor would be entitled to a share. However, since the charging order is non-renewable, you can refrain from making distributions for the three-year period.
  • Bond Requirement: Before pursuing legal action to enforce a judgment against an LLC or one of its members, creditors are required to deposit a bond with the Nevis High Court. The court will assess and determine the bond amount prior to the commencement of proceedings.
• Property Dispositions: Transferring property to a Nevis LLC benefits from protective measures resembling those in Nevis trust laws. These provisions make it challenging for creditors to undo the transfer and seize assets.
• Unique Tax Uses: Can be used as an estate tax blocker by non-US persons with US assets.
• Confidentiality and Privacy: There is no Beneficial Ownership register. The identities of managers, members, and beneficial owners are confidential, not retained in any centralized register, and cannot be divulged without reasonable excuse.
• Diverse Banking Options: Choose from a variety of banking providers offering multicurrency accounts, interest bearing accounts, self-managed trading accounts, managed investment accounts and named IBAN accounts. We have a degree of flexibility with our banking arrangements that allows for tailored financial solutions that meet the specific needs of each client.
• Asset Protection: Take advantage of Nevis’ robust asset protection and privacy laws, ensuring your assets are shielded from legal claims, creditors, and judgments.
• Tax Efficiency: Enjoy tax exemption on income generated outside Nevis. The LLC functions as a pass-through entity, with earnings taxed according to the individual’s country of residency.
• Legal Stability: Conduct business within a stable legal and regulatory framework.
• International Recognition: Benefit from Nevis’ global respect and recognition, enhancing your international business operations.

About Nevis: Nevis, nestled in the Caribbean, holds strategic significance as an offshore financial center in close proximity to the United States. Its geographical proximity, just a short distance from the shores of the U.S., makes it an appealing choice for individuals and businesses seeking to establish offshore structures.

Other Requirements:

• Simplified Tax Return: LLCs operating in Nevis are required to submit an annual Simplified Tax Return. This document serves to confirm the location from which the LLC is managed and controlled, thereby determining its tax residency status.
• Reference Letters: Nevis requires two reference letters for due diligence. A bank reference letter from an existing bank relationship. A professional reference letter from a lawyer or accountant with whom you’ve worked.

The Structure:

• Member(s): Nevis LLCs can have one or more members, including individuals, companies, or trusts. Members hold ownership interests, which can be based on percentage ownership. Single-member LLCs are allowed and can be managed by the member or appointed managers.
• Manager(s): The LLC can be managed by one or more managers, who may or may not be members. Managers handle decision-making and ensure smooth company operations.
  It is common for the person establishing the LLC to appoint themselves as the sole Member (100% ownership) and Manager.
  • It is common for the person establishing the LLC to appoint themselves as the sole Member (100% ownership) and Manager
• Operating Agreement: The LLC operates based on an operating agreement outlining the rights, responsibilities, and duties of members and managers. This is included in your incorporation fee
• Registered Agent: A registered agent in Nevis is required and included in your incorporation fee.
• Bank Account: The bank account is owned by the LLC and managed by the manager (or manager-member).

Establishing a Nevis LLC through OCO’s efficient onboarding process can see your LLC operational in just 2-5 days. This setup offers a reliable solution for those seeking asset protection, tax efficiency, and confidentiality within a reputable offshore jurisdiction.

View the full governing legislation here: Nevis FSRC – LLCs