Tax and accounting regulations

Summary of Requirements for a Nevis LLC, IBC

General Information
Type of CompanyLimited Liability Company
Timescale to incorporate3 working days
Corporate TaxationNil
Double Tax Treaty Access:None. Although Nevis does have double tax agreements an LLC cannot obtain any tax relief through them.
Directors
Minimum No. Required1, Corporate Directors are permitted
Local Director RequiredNo
Publicly accessible informationNo
Location of MeetingsAnywhere
Shareholders
Minimum No. Required1, 100% foreign shareholders allowed
Publicly accessible informationNo
Location of MeetingsAnywhere
Company Secretary
RequiredNo
Local Secretary RequiredN/A
Registered Office / Agent RequiredYes
Share Capital
Standard CurrencyUSD
Standard AuthorisedUSD 100,000
Minimum Paid Up CapitalN/A
Accounting & Compliance
Requirements to prepare AccountsYes
Requirement for AuditNo
Local Auditor RequiredN/A
Requirement to File AccountsNo
Requirement to file Annual Return No
Additional Information
Bank Account OpeningEltoma 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.