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When setting up a company overseas, it can be tough to know what maintenance tasks you need to complete on a regular basis. The good news is, if you've chosen to form an LLC company in Nevis, there are only a few basic requirements, and they can all be completed easily with the assistance of Coddan.
To set up an LLC in Nevis, you will need at least one member and the Articles of Organisation need to be prepared by a registered agent. With our help, you can form an LLC in Nevis within a three or four days.
Day-to-day requirements - records and books need to be maintained and available if required. However, disclosure of company information is prohibited by the Nevis Confidential Relationship Act, so the LLC's confidentiality is guaranteed. You can also rest assured that the identities of directors, shareholders and beneficial owners are confidential.
There is no income tax, corporate tax, withholding tax, asset tax, exchange controls, stamp tax or other taxes and fees placed on income that comes from outside Nevis. This means you will not have to file any tax paperwork. You will not need to hold any meetings either.
Annual requirements - an LLC company in Nevis has minimal annual maintenance requirements. You will need to pay annual renewal fees from the second year onwards. These should be paid on the company's birthday. You do not need to file any financial statements or accounts, including annual returns.