Tax and Accounting Regulations

Summary of Requirements for a Nevis LLC, IBC

General Information
Type of Company Limited Liability Company
Timescale to incorporate 3 working days
Corporate Taxation Nil
Double Tax Treaty Access: None. Although Nevis does have double tax agreements an LLC cannot obtain any tax relief through them.
Directors
Minimum No. Required 1, Corporate Directors are permitted
Local Director Required No
Publicly accessible information No
Location of Meetings Anywhere
Shareholders
Minimum No. Required 1, 100% foreign shareholders allowed
Publicly accessible information No
Location of Meetings Anywhere
Company Secretary
Required No
Local Secretary Required N/A
Registered Office / Agent Required Yes
Share Capital
Standard Currency USD
Standard Authorised USD 100,000
Minimum Paid Up Capital N/A
Accounting & Compliance
Requirements to prepare Accounts Yes
Requirement for Audit No
Local Auditor Required N/A
Requirement to File Accounts No
Requirement to file Annual Return  No
Additional Information
Bank Account Opening Eltoma Corporate Services can open a bank account in Cyprus for a Nevis Company without presence. We can also offer bank accounts in a number of other jurisdictions, please contact us for information.

Take the next step, we are here to help.

Register a Nevis company.
Open a Nevis bank account.

  Resources:

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Current Information on the Payment of Cyprus Income Tax

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How the UK is Combating Offshore Culture & How it Could be Doing More

How the UK is Combating Offshore Culture & How it Could be Doing More

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Nevis: The Offshore Tax Haven Nation of the World

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In the world of offshore, Nevis specialises in letting its clients create corporations with greater anonymity than almost anywhere else on earth. Since 2012, the island’s financial services sector has grown exponentially, as those wishing to retain anonymity relocated to a place that promises just that. However, with ever-expanding counter legislation cropping up globally, how can Nevis continue to host such controversial services?

Expert Opinion on Cyprus’ New Borrower Incentives to Reduce the Islands NPLs

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The Cyprus Ministry of Finance has released a statement regarding the IMF (the International Monetary Fund) & the European Commission is recommending Bills regarding the islands longstanding issue with Non-Performing Loans.