Establishing a private foundation in Saint Kitts & Nevis
There are many locations around the world that offer the facility to set up offshore foundations, but one of the most popular is the island of Nevis, part of the small Caribbean nation of St. Kitts and Nevis.
Nevis is one of the leading jurisdictions in the world for registering a private foundation; it is safe and secure and has a beneficial tax system. As far as offshore foundations incorporation go, Nevis is an exemplary choice for you to consider.
A Nevis foundation has many advantages. For a start, privacy for those who set up such a foundation is guaranteed, thanks to the St. Kitts and Nevis Confidentiality Act 1985. A Nevis foundation is also exempt from all local taxation, can be run from overseas and can be structured in a number of different ways, according to your needs, offering a great deal of flexibility.
If you are interested in setting up a private foundation in Nevis, but you aren’t sure how to go about it, why not talk to the professionals? At TBA, we can offer impartial, expert advice on how to manage your assets through an offshore foundation in Nevis, and our quick, efficient service will ensure that the process of setting up your foundation runs smoothly.
Get in touch today and see how TBA can help you maximise your assets with an overseas foundation.
Nevis Foundation requirements
Must have a management board with at least one member.
Must have by laws written.
Individual or corporate members are permitted. We offer the services of nominee member.
There is no requirement for stamp or capital gain tax on foundations in Nevis.
There is no restriction on the accumulation of income on offshore foundations in Nevis.
The Nevis foundations cannot involve any property or interest or assets in Nevis, but the foundation can hold interest in offshore companies or other offshore entities.
There are no taxes on Nevis foundations.
The foundation can be either revocable or irrevocable.
Nevis multiform foundations may own and trade in other shares or open bank accounts.
Must have a registered agent with a local address in Nevis.
Must have a resident secretary.
The name of the foundation must end in foundation or FDN, or the equivalent in another accepted language, and must include a name ending indicative of the multipurpose foundation: Company foundation, trust foundation, Partnership FDN as examples.
Uses of a Nevis Foundation
Why register a Private Foundation in Nevis?
Legal requirements to register a Private Foundation in Nevis
Advantages of a Nevis Private Foundation
Why not contact TBA today to speak to one of our advisors on private foundation start-up in Nevis? Our experts will guide you towards the correct package for you and your foundation’s needs.
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Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.