St Kitts & Nevis

Setting up a Holding Company in Nevis

St Kitts & Nevis
Advantages of setting up a Holding Company in Nevis

Saint Kitts & Nevis (“Nevis”) is a distinguished financial hub that adheres to international standards concerning tax and financial affairs. Moreover, it provides a favorable political and economic climate as a member of the British Commonwealth, enjoying recognition from international bodies like the OECD and the Financial Action Task Force (FATF).

The Nevis International Business Companies (“IBC”) serve various purposes, including acting as holding companies, facilitating wealth planning, tax optimization, asset protection, and investment management. However, these entities are restricted from conducting business within Nevis territory or engaging in activities such as real estate development, banking, insurance, or investment funds.

The IBC presents several advantages:

Business operations of the IBC can be conducted outside Nevis territory, eliminating the need for physical presence on the island.
Directors, shareholders, or other officers are not required to be residents of Nevis.
Entities such as companies or trusts are eligible to serve as directors, shareholders, or officers.
Nevis does not maintain a public register of shareholders, officers, or ultimate beneficial owners, despite its participation in the OECD’s Common Reporting Standard (CRS) initiative.
The IBC is exempt from taxes on foreign income and is not subject to any taxes within Nevis, including income tax, asset tax, gift tax, inheritance tax, capital gains tax, dividend distribution tax, and stamp tax.

In summary, the Nevis Business Corporation Ordinance (NBCO) governs Nevis LLCs.

Choosing Nevis to register a Holding Company
Will offer several Advantages

Asset Protection: Nevis is known for its robust asset protection laws. Assets held within a Nevis holding company may be shielded from creditors and legal judgments in other jurisdictions.

Privacy: Nevis offers a high level of privacy for company owners and shareholders. Nominee directors and shareholders can be appointed to maintain anonymity.

Tax Benefits: Nevis does not impose income tax, capital gains tax, or estate tax on income generated outside of the jurisdiction. This can result in significant tax savings for the holding company and its shareholders.

Ease of Formation: Establishing a holding company in Nevis is relatively straightforward and cost-effective compared to other jurisdictions. The registration process is efficient, and there are no residency requirements for directors or shareholders.

Stability and Reputation: Nevis has a stable political and economic environment, making it an attractive jurisdiction for international business operations. It is also well-regarded in the global business community.

Flexibility: Nevis offers flexibility in corporate structuring and governance. Companies have the option to customize their articles of incorporation and bylaws to suit their specific needs.

No Exchange Controls: There are no exchange controls in Nevis, allowing for the free movement of funds in and out of the jurisdiction.

Confidentiality: Nevis does not require the public disclosure of company directors and shareholders, offering an additional layer of confidentiality and privacy.

English Common Law System: Nevis operates under English common law, providing a familiar legal framework for many international businesses and investors.

Overall, these factors make Nevis an attractive jurisdiction for registering a holding company, particularly for those seeking asset protection, privacy, and tax efficiency.

Why Choose Us?

A holding company in Cayman Islands can be a valuable tool for investors worldwide.

TBA & Associates has been one of the top international business consultants, helping clients establish their business entities worldwide. Whether onshore or offshore company incorporation, our business advisors are well-accomplished with the incorporation process.

Please talk to our professional experts if you want to start your offshore holding company in Cayman Islands or any popular offshore jurisdictions. Contact us today, and we’d be glad to assist you.

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Our Business Development Team is ready to guide and assist you to discuss all options you have and to provide you with all the support you need to enable you to take the right decision facing your specific needs!

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Inclusions

Year 1 Incorporation and service fees.
Optional Services (Bank Account opening, Nominee services, Certification of documents, amongst others).
Annual Renewal service fees for year 2 and subsequent years, to keep your company in good standing and full Compliant at all times.

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Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.

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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.

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