Special Features Of Nevis Limited Liability Companies
No corporate tax, income tax, withholding tax, stamp tax, asset tax, exchange controls or other fees or taxes are levied in Nevis on assets or income originating outside of Nevis.
A cash bond is required by the courts in the amount of $25,000 USD prior to any court action against the LLC.
Foreign judgements are not recognized. The case must be retried in Nevis.
Any case must be proven beyond a reasonable doubt.
If the plaintiff loses the case, he must pay damages, court costs and the defendants legal costs.
Members of Limited Liability Companies may be individuals or business entities of any nationality or domicile.
Successful creditors are limited to only a "charging order".
No annual or other reports by members are required to be filed in the public records of Nevis.
The company's records may be located anywhere in the world.
Limited Liability Companies may amend their Articles of Organization, merge or consolidate with other domestic or foreign Limited Liability Companies or other business entities.
Foreign Limited Liability Companies or other business entities may transfer domicile to Nevis.
Limited Liability Companies may have limited life.
Members of Limited Liability Companies may assign their interests to other parties unless restricted otherwise.
Sole member Limited Liability Companies are permitted.
Management of Limited Liability Companies may be accomplished by the members or by managers designated by the members.
Members and Managers are not liable for obligations of the company.
Low organization and annual renewal fees.
Advantages of using a Nevis Limited Liability Company includes:
None of the owners are exposed to personal liability.
There is no requirement to disclose.
The owners nor managers can participate in management without becoming personally liable for the company's debts.
Recognition of Single Member LLC's.
Limited Liability Companies have no limitation on the number of members.
Absence of residency requirements.
Limited Liability Companies face no stock limitations and can issue preferred interests analogous to preferred stock of corporations.
Redomiciliation of Foreign Entities as Nevis LLC's.
The ownership of a Limited Liability Company has no limitations.
Complete Tax Exemption and Freedom from Exchange Controls.
Absence of Return or Reporting Requirements.
Practical uses of Nevis Limited Liability Companies
International Finance and Investment
Real Estate Holding Estate Planning
Asset Protection
Professional Practices
Joint Ventures
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