If you’re looking for information on Nevis LLC cost and set up procedures, you’re in the right place.
In this article, we’ll share important considerations about the costs associated with registering an LLC in Nevis and who can register a Nevis LLC.
We will also share information on how ownership can be held and whether or not bearer shares are allowed in Nevis at all.
Feel free to use the table of contents to jump ahead to any sections that are immediately relevant to your search.
Table of Contents
- Nevis Limited Liability Company
- Who Can Set Up an LLC in Nevis?
- Frequently Asked Questions
- Ready to Explore Your Options?
Nevis Limited Liability Company
As we’ve discussed in past articles, the Nevis Limited Liability Company (LLC) is a popular choice for individuals seeking asset protection, diversification, and tax efficiency.
That said, depending on the objective of the business owner, they are often paired with other entities. Such as a Cook Islands Trust in the case of asset protection.
It’s important to note that when a Cook Islands trust is the owner of a Nevis LLC, it increases the perceived complexity of the structure in the eyes of banks and other financial institutions. Not surprisingly, increased complexity often requires higher deposits and results in fewer banking options to choose from.
If you would like more information on Nevis LLCs, you can find dedicated articles discussing their bank account opening options and registration considerations in our archive.
Can You Use Bearer Shares in Nevis?
If you are looking to register a Nevis LLC with bearer shares, you’ll be pleased to know that Nevis LLCs can be formed using physical certificates. These certificates, known as certificated LLC interests are similar to bearer shares.
That said, Nevis does regulate the use of bearer shares. Nevis also allows them with the prior approval of the corporate registrar. Additionally, in order to use bearer shares, the registered agent in Nevis must be in possession of the bearer share certificates at all times, on behalf of the beneficial owner.
In other words, the registered agent maintains a register of the official owner of the bearer share, even though the information is not held by the registrar directly. And yes, the regulator does conduct regular reviews to ensure that the local registered agents comply.
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Who Can Set Up an LLC in Nevis?
Any person of legal age can set up an LLC in Nevis. Importantly, the person setting up the LLC does not need to be a member of the LLC. In other words, you can hire a local agent to set up the LLC on your behalf. Also, in Nevis, an LLC can be formed with only one member. This member can then also be the manager of the LLC.
Frequently Asked Questions
Below are three of the most common questions that we receive from people looking to open a bank account in Nevis. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
How Do I Set Up an LLC in Nevis?
If you would like to set up an LLC in Nevis, you will need to choose a corporate service provider that can assist you. However, you should first speak with a qualified advisor to confirm that a Nevis LLC is in fact the best choice for your objectives. Importantly, any advisor you choose should not be based in a single jurisdiction. This is because they will be motivated to provide you with incorrect information.
How Much Does it Cost to Register a Nevis LLC?
The cost to register a Nevis LLC will depend on the specific corporate service provider that you choose. It’s important to remember, if you use a corporate service provider that is not located in Nevis, they will outsource the registration process to local service providers, which often results in a premium being charged.
What Other Jurisdictions Should I Consider?
When considering Nevis, most individuals are looking for asset protection, tax efficiency, and privacy. With this in mind, there are other jurisdictions that you may want to consider that offer similar benefits. These include the BVI, Cook Islands, United States, Seychelles, and more.
Ready to Explore Your Options?
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Of course, if you have any questions, please contact us directly.