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Nevis Limited Liability Corporation (LLC)

NTL offer professional formation and management services for Nevis corporate entities.

The Limited Liability Corporation (LLC) is a flexible and advanced wealth planning tool with major international asset protection advantages. It offers an alternative to those who might otherwise consider using corporations or partnerships.

An LLC formed under the Nevis Limited Liability Company Ordinance is a legal entity with separate rights and liabilities, distinct from its managers or members. Therefore, the LLC shall be liable for its own debts, obligations and liabilities. The LLC may be managed either by its members or by third parties.

Its key features and benefits include:

LLC is transparent (disregarded) for tax purposes.
Substantial flexibility within operating agreement with an emphasis on freedom and enforceability of contract. LLCs are more adaptable to the needs of small businesses. It is ideal for carrying on an active business or holding assets.
No public record of members or managers, owners or directors.
Records may be maintained anywhere in the world.
No requirement for typical corporate formalities like meetings, minute books.
Assets transferred to an LLC become property of the LLC and are no longer under control of the member, meaning that the manager assumes a role similar to that of a trustee but without many of the restrictions of a trust: for example, the LLC may conduct an active business.
An LLC can easily be structured so as to divide control and membership interests. Assets of the LLC controlled by a Nevisian manager, wherever in the world they are situated, are subject to exclusive jurisdiction of the Nevis courts. A foreign court order is not valid and forced repatriation of assets is not possible.
Unlike shares in a corporation, a creditor cannot seize a membership interest in an LLC. Creditors are restricted to a charging order that does not create membership rights or give any control over the business. A fair value exchange of assets for an LLC membership interest is statutorily protected against future claims of fraudulent conveyance.

Corporate Services

» Nevis Limited Liability Corporation (LLC)

» Nevis Business Corporation (IBC)

» Nevis Multiform Foundation

The Nevis LLC, because it completely avoids any tax complications by being tax transparent, and because it offers greater flexibility and asset protection than a corporation, while being more readily understood worldwide than a trust, is our clients' most popular choice of vehicle for both business and asset protection purposes.

It can of course be combined with other structures or with other LLCs for more complex planning solutions. Its simplicity and corporate personality makes international banks and financial services providers very comfortable with the LLC, thus facilitating account opening and full due diligence procedures in the shortest possible time.

If you are interested in forming a Nevis LLC or arranging an informal discussion on your personal circumstances, please contact our offices. We will be happy to send you our fee schedule and application forms.

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