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Many business people are taking advantage of the opportunity to set up their companies offshore, and one of the most popular jurisdictions for incorporation is the small Caribbean island of Nevis. So if you are thinking of setting up a company, it is worth considering whether you could benefit from registering an offshore limited liability company in Nevis.
The key benefits to incorporating in Nevis are financial. Not only is an LLC set up in this jurisdiction completely exempt from all local taxes, it is not affected by foreign exchange control, which makes financial transactions much easier. There is also no requirement for a minimum capital amount, so you can set up your Nevis LLC without having to demonstrate that your company has a certain level of capital.
There are also some advantages in terms of corporate governance. A Nevis-based LLC is exempt from the local Registrar of Companies. This means that information about the directors, shareholders and other officers of the company is not available to the public. There are also no restrictions on who can become a director of the company. Any legal entity or individual can be appointed to a Nevis LLC, giving you much more flexibility in this area than would be the case in the UK or Europe.