Offshore Companies : The Advantages of St. Kitts & Nevis Offshore Companies
St. Kitts & Nevis is a member of the Eastern Caribbean Currency Union (ECCU), that is managed by the Eastern Caribbean Central Bank, which controls monetary policy and regulates commercial banking activities.
A number of International Banks are located in Nevis. Banking secrecy is strictly enforced by law and Nevis Authorities have no access to banking information.
A court order is required to obtain information therefore coupled with the fact that corporate information is not publicly accessible. Nevis one of the most highly confidential jurisdictions in which to incorporate.
The Confidential Relations Act of 1985 guarantees the confidentiality of Nevis offshore companies and bank accounts.
Here are the key benefits of a Nevis Offshore Company
Strong asset protection and privacy are a distinct advantage
Political stability coupled with the Government’s policy of maintaining the Offshore Haven Status for the foreseeable future
Highly confidential jurisdiction with restriction of public access to company records. Records can be located outside of Nevis and company changes are not required to be lodged with the Nevis Authorities. Unlike other jurisdictions, no 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
There are no personal or corporate taxes levied on income derived from outside Nevis
It is obligatory to prepare accounts but there are no filing or audit requirements
No exchange control with free repatriation of profits and capital
Not party to either the EU Savings Tax Directive or compulsory disclosure as Nevis is a sovereign state independent of the UK
Sophisticated banking system with a wide range of international banks located in Nevis
Nevis jurisdiction is a “No-Tax” offshore domicile
The only restriction issued by the St Kitts and Nevis government is the inability to do business with residents of Nevis
A Nevis LLC does not have mandatory audit
Corporate compliance is minimal
Company meetings can be held anywhere in the globe
No mandatory resident directors are required
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