Do you know the advantages of having an offshore company in Nevis?
Let us talk a little about it...
Like most tax havens, Nevis (or St. Kitts, as it is also known) provides tax benefits, bank secrecy, owner confidentiality, asset protection, among other advantages that benefit both their beneficial owners.
The main points that stand out on Nevis are:
• Nevis companies that do not conduct local business are not subject to income tax.
• Nevis was not required to adopt the "Economic Substance" legislation imposed by OECD countries which impacted several "tax havens". Nevis companies are not required to prepare or file annual Economic Substance reports, hire local directors or even invest in local substance to comply with Economic Substance legislation.
• Although Nevis seeks to keep anti-money laundering legislation up to date with strict standards, the local Government does not contemplate introducing public beneficial owner registration. Cayman, BVI and Bermuda, have been mandated by the UK to introduce public registration of final beneficiaries by 2023.
• With modern legislation, which includes 'limited liability companies', it is possible to structure a company with succession planning and transfer of shares directly to
heirs, without the need to subject the company's shares to a local probate on the shareholder's death, avoiding high costs related to: probate or will.
With competitive cost and fee advantages, with less annual obligations to fulfill, Nevis is very well positioned as an alternative international investment company.
Dartmouth International, through SCFN Financial Consulting, offers tailor-made solutions to structure your business in Nevis or in over 15 other countries.
We take care of all aspects of your company abroad: - from incorporation (country, type of company, social contract, etc.), preparation of records, corporate documents, minutes, compliance with national and international obligations, statements and accounting reports.
That is, all services are offered in an economical, uncomplicated way and in one place.
Contact us and let us help you!
