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Establish a private foundation in Nevis with Coddan online: 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. Here we'll explain what a private foundation in Nevis can be used for and how to register it. Our Nevis private foundation registration packages will take you through the whole process of establishing a foundation in Nevis, simply, quickly and easily. Furthermore, at Coddan, we operate 24/7 for total convenience. To create a foundation in Nevis, it is required that you are a non-resident of the island. You'll also need a registered office address on the island of Nevis (which we provide) and to outline the purpose of the private foundation.
A private foundation in Nevis in a legal sense has no owner; this is beneficial to many as the foundation therefore has assets that are not owned by any single person, but the entity itself. Critically, this means private foundations start-up are an excellent way of storing assets overseas. In addition to this, a private foundation can be used for charities, pension funds, trusts and several other purposes.
Why not contact Coddan company formation specialists today to speak to one of our advisors on private foundation start-up in Nevis? These experts will guide you towards the correct package for you and your foundation's needs. We are a highly reputable, reliable company incorporation service provider.
NEXT YEAR FROM £600.00
This private foundation establishment in Nevis package is for customers, who require to establish a private interest foundation in Nevis with a registered office address, and local council.
The following documents will be sending by post upon the registration of your off-shore foundation:
NEXT YEAR FROM £1,200
This private foundation start-up in Nevis package is especially for clients, who are requiring establishing a private foundation with a registered address, local council & a nominee founder; bank account upon request.
This off-shore foundation start-up offer includes everything in the first option, together with the advantages of:
NEXT YEAR FROM £1,700
This is one of the most popular private foundation establishment in Nevis packages with nominee protector, as an additional option to the nominee founder, local council & registered office address in Nevis.
This offshore foundation establishment offer includes everything in the second option, plus the following:
NEXT YEAR FROM £600.00
This is our most comprehensive foundation establishment in Nevis package with all documents verified by solicitor or notary public & certified by the apostilled stamp or apostille seal affixed.
This Nevis foundation establishment offer includes everything in the first option, plus:
Register a private foundation in Nevis: registering a private foundation in the Caribbean location of Nevis has plenty of advantages. For this reason, many foundations are set up by parties from the UK on the island, which is part of the St Kitts and Nevis country. Coddan are specialists in guiding clients through the process, from documentation required to submit an application, to post formation considerations.
One of the first things to recognise is the Multiform Foundation Ordinance of 2004, under which all Nevis foundations are mandated. One of the facets of a Nevis foundation that many clients are attracted to is that they have no requirement of a specific owner, with assets taking on a legal identity which is separate to those of the assets of the founder. Nevis foundations are exempt from all taxes, and the privacy and protection of owners is ensured by the Foundation Law.
They are classed as offshore foundations, provided the founder, managing officers and beneficiaries don't live in Nevis itself. Nevis foundations are not permitted to conduct business activity or trade regularly, but are able to obtain earnings from sales, investments and deposits. Not existing in accordance with any foreign laws, and guaranteed confidentiality and privacy, foundations established in Nevis are a great option for clients with these perks in mind. For more information, call us today and speak to one of our friendly team of consultants.
There are a number of advantages to establishing a private foundation in Nevis, one of the main ones being that no tax is paid on profits or gains made by the foundation. Other benefits include guaranteed confidentiality and anonymity, and not being subject to foreign judgements or laws. As soon as all the constitutional requirements are met and a memorandum of establishment is submitted, the foundation is free to engage in legal commercial activities anywhere in the world.
This can seem a fairly complex and time-consuming procedure, but with the help of the experienced team at Coddan, everything can be completed without delay, leaving you to get on with business. To find out how we can help, please contact one of the Coddan team today!
One of the most useful tools for those looking to restructure their personal or company assets, or to ensure that they avoid paying unnecessary taxes when passing on assets to their family or business associates, is the offshore foundation. An overseas foundation combines some of the benefits of a charitable trust with those of a company, and can be a useful and effective way to manage your assets.
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.
A Nevis foundation has many advantages. For a start, the island is one of the least expensive jurisdictions in which to establish a foundation, and 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.
Registering an offshore private foundation is an increasingly popular option for people who are looking for ways to manage their company or private assets without having to pay unnecessary taxes or deal with excessive bureaucracy.
An overseas private foundation can be an ideal solution as it combines the benefits of an offshore company with those of a traditional trust, and enables you to restructure your assets in a number of ways, without being over-burdened with legal obligations.
The range of locations around the world offering offshore private foundations is wide, but many people choose to set up their foundation on the island of Nevis, part of the small, independent Caribbean nation of St Kitts and Nevis.
Setting up your private foundation in Nevis brings many advantages. Some jurisdictions charge high fees for the service, but Nevis is one of the least expensive places in the world to set up a foundation.
A private foundation set up in Nevis is also exempt from all local taxation, and whereas some jurisdictions insist on a local resident being appointed to run the foundation, a Nevis private foundation can be run from abroad. It's also worth noting that, thanks to the St Kitts and Nevis Confidentiality Act 1985, the identity of the people who own or run the foundation cannot be disclosed to the public.
Across the globe, there are a number of nations which provide newly formed companies with generous tax cuts and benefits, allowing for a greater share of profits to be kept. These companies, trusts and foundations provide the perfect place for investors and savers to protect their finances and assets, transferring control to the newly formed company and building privacy through nominated named parties who are local to the host nation.
Private foundations are a popular way to protect assets, avoiding many of the complications associated with holding companies while still benefiting from the country's tax rules.
Understanding the differences between different overseas hosts can help you decide whether Nevis is the right place for your private foundation. Other popular locations for holding firms and private financial foundations include Panama, Belize, Lichtenstein and the Seychelles. There are subtle differences between legislation in each country, and all offer different benefits to those forming companies there.
Nevis is a popular place to establish a company or foundation because it requires little tax to be paid, as long as a registered director or trustee exists within Nevis itself. Other nations provide similar benefits but might produce complications when it comes opening accounts or providing annual accounts. Choosing Nevis, under the guidance of Coddan's experts, will guarantee you the privacy and security you seek for your financial affairs.
Setting up an overseas private foundation can help you to manage your personal or company assets more effectively, and is a good way to handle the transfer of assets to family members and others, without incurring excessive costs.
Although there are many locations around the world that encourage overseas foundations, one of the most popular is Nevis, a small island in the Caribbean that is part of the independent nation of St Kitts and Nevis.
This jurisdiction offers many advantages if you are looking to set up an offshore foundation, including exemption from local taxation, the ability to manage the foundation from overseas, and a guarantee of privacy for those setting up and running a foundation, thanks to the St Kitts and Nevis Confidentiality Act 1985.
There are, however, certain legal requirements that you need to fulfil to set up a Nevis private foundation. Although a foundation can be created by just one individual, a secretary, management board and registered agent must also be named. The foundation must also convene two meetings every year, minutes must be kept of these meetings and all accounts, minutes and records must be kept.
Unlike an offshore trust, a private foundation is not tied to an individual owner. As a result, foundations are able to offer much more security and privacy for the investor, and allow for the long term holding of safe assets and finances.
Establishing a private foundation in Nevis or a similar offshore jurisdiction allows the foundation to act as a legal entity while remaining free from tax restrictions and requirements. As a result, private foundation formation is growing rapidly in popularity and is a highly recommended way to protect your assets and finances for your future.
Creating an offshore private foundation in Nevis or a similar nation is usually the best way to ensure anonymity, but some financial investors prefer a higher level of personal protection. If you want to keep your company and personal details entirely separate, you can request a nominees service to fill roles within your foundation.
These nominees hold senior positions in name only - you retain full control of your company or foundation at all times. This can ensure that your assets are not public knowledge and that you are not vulnerable to any intervention or attack. Keep your finances safe and protected at all times.
A private foundation in Nevis may require more proactive maintenance than a trust does. Here, we'll look at yearly requirements to maintain your private foundation in Nevis, in order to keep everything in check and thereby keep your assets secure.
Within the first two or three months of the Nevis foundation's formation, it is imperative that the required people have a meeting. To properly comply with the law in Nevis, the people required for the two annual meetings are a founding member, the secretary, a registered agent and the board of management.
Legally speaking, the secretary cannot be the sole member of the management board, so please bear this in mind. These meetings do not have to take place on the island of Nevis but it is required that all members are present, whether physically or through a conference call.
In addition to the yearly meetings, it is in the foundation's interest to keep track of records, accounts and minutes (minutes are usually taken by the secretary during meetings) - all of these articles must be stored securely for the Nevis foundation in the office at which it is registered. This is a legal requirement and must be adhered to. It is not required that a Nevis foundation report yearly on tax, keeping the foundation private and secure.
Setting up a private foundation in Nevis is a reliable way to secure your finances and assets for the future. Whether you are planning for your retirement or saving for your children, a private foundation can give you the security and privacy you seek.
Through an offshore foundation you can provide a safe place away from high taxes, ensuring that you keep more of your money and protecting your assets now and in the future. When you set up in Nevis or in a similar jurisdiction with relaxed tax legislation, you avoid many of the traditional costs associated with trust fund and foundation management.
When establishing a private foundation in Nevis, you will need ongoing maintenance of that fund to keep within the nation's regulations and requirements. The foundation will need to be re-registered every year, and the annual filing of accounts and foundation activities should take place.
Coddan can advise you on all aspects of your private foundation management, and can arrange post-formation services that keep your foundation ticking over. We take care of everything, from initial formation to ongoing maintenance and support. If you would like to arrange a consultation, contact Coddan's specialists today.