Buy a Ready-To-Use Company in Nevis

Nevis, a small island in the Caribbean, is one of the best-known offshore destinations in the business world. Its peculiar legal framework provides considerable advantages to foreign investors, including reliable asset protection they are unlikely to find elsewhere. There are two ways of launching your business from Nevis: establishing a company from scratch or buying a ready-made entity with a fully operational bank account that will help you start operations right away. In this post, we will take a look at the second opportunity.

Nevis: Benefits of the Destination

Nevis is a classic offshore jurisdiction that offers zero tax rates to non-resident entrepreneurs. You will not have to pay any taxes on the condition that you derive 100% of your profits abroad. Let’s look at some other advantages that attract global entrepreneurs:

• The assets of foreigners enjoy bulletproof protection, especially if you set up a trust.
• This is an economically and politically stable country.
• The jurisdiction provides a high level of privacy for non-resident business company owners and wealthy individuals who keep their assets in Nevis.
• Company-related administrative procedures are very quick: you will be able to start your business operations in 24 hours after you purchase a ready-to-use company.
• The country offers a citizenship-by-investment program, which means that you can obtain a second passport in addition to your current one (on the condition that your homeland allows for dual citizenship, though).
• Last but not least, Nevis has an advantageous geographical location between North and South America.

Choosing a Legal Form: LLC vs. IBC

A Limited Liability Company and an International Business Company are the two most popular legal forms in Nevis. Both have their advantages and specific features, making the choice challenging. The final decision will depend on your primary goals.

Nevis LLC: Main Benefits

• Company shareholders and directors enjoy a high level of privacy.
• There is a strong asset protection mechanism in place.
• There are flexible operational agreements to take advantage of.
• You are required to duly keep corporate records, but these can be kept anywhere in the world (that is, there is no need to rent a physical office in Nevis and keep your documentation there, as is the case in some other offshore destinations).
• The management structure is flexible enough.
• You can start your business operations with any amount of authorized capital.

Nevis IBC: Advantages

• There is no public business register.
• The IBC directors and shareholders can be residents of any country.
• There are no reporting or audit requirements to comply with.

The legislation of Nevis also offers other forms of company ownership tailored to address specific requirements:

• Nevis Multiform Foundation. This is a structure that has some characteristics of a trust and some features of an ordinary company (it is a separate legal entity, while a trust is not).
• Nevis Limited Partnership. The structure involves appointing a general partner (who bears unlimited liability) and a limited partner (who bears limited liability), and it may be convenient if you want each company member to deal with taxation separately.
• Nevis International Exempt Trust. This is a flexible legal instrument that will help you diversify and protect your assets, legally optimize your fiscal burden, and plan property management.
• Nevis Exempt Trust. This kind of trust is exempt from income tax, and it will help you provide strong protection for your assets.

If you struggle with the choice and want to select a structure that will meet your needs, do not hesitate to seek reliable expert assistance from International Wealth or other trustworthy companies. They will help you with the choice at no charge!

A Ready-Made Nevis IBC

An International Business Company, registered in accordance with the International Business Company Ordinance, is a handy business tool that can help you easily carry out business operations and save on taxes if you do so abroad.

A ready-made (or shelf) IBC is a good choice if the company has several shareholders and its owner would like to legally use nominee services to have the maximum privacy level possible in the present-day business world.

IBCs engage in activities such as consultancy services, international trade, investment operations, asset management, and others. Buying an IBC is the quickest path to starting your business operations. You can buy an entity with a bank account and without one, and the second option will naturally cost less. You are free to buy a company without an account and open it later in a bank of your choice as well.

A Shelf LLC in Nevis

A Nevis Limited Liability Company is a highly efficient business instrument regulated by the local Limited Liability Company Ordinance. A Nevis LLC can be established by one person, and LLCs are usually small or medium-sized businesses. Their main attraction lies in the word “limited,” as your liability cannot exceed the amount you contributed to the company capital.

If you want to conduct operations in Nevis, opt for this company type: it is legally allowed to do so while keeping preferential tax conditions, while an IBC is not. An LLC can choose to be taxed as a partnership or as a corporation, which is a great advantage.

If you want to minimize reporting requirements and prefer more traditional corporate structures, an IBC will suit you perfectly. At the same time, you will have more flexible management and tax liabilities if you opt for an LLC, which turns it into a versatile tool for many business models.

Buying a Nevis Shelf Company: Factors to Consider

You can buy a shelf company and launch operations in no time, but the matter requires a careful approach as you should know very well what you are buying. Here are some key points for analysis:

• Company’s history. It would be best if you studied it to make sure the legal entity has not been involved in any dubious operations resulting in problems with the law. Check the company for any outstanding debts or current lawsuits as well.
• Corporate documents. This stage involves studying the requirements for local corporate documents and making sure the papers of the company you are going to buy are in order.
• Bank account. If you opt for a company with a bank account, you will need to discover what restrictions and requirements apply to the use of a bank account in Nevis.

Sounds risky? Well, you have to decide whether you are competent enough to make all these checks or whether it is better to delegate this task to a professional. Follow the above link to discuss any matters with an expert free of charge before you make an informed decision.