Nevis Limited Liability Companies
A Limited Liability Company (LLC) is a hybrid type entity which is treated as a separate legal entity for legal purposes but as a pass-through entity for taxation purposes in the United States. A Nevis LLC can be effectively substituted for a US domestic LLC to combine offshore asset protection and estate planning goals.
An LLC can be incorporated under the Limited Liability Companies Ordinance 1995 - the features of this legislation include:
- Single member LLC's are permitted.
- Management may be by a Member or a Manager. The Manager may be a corporate entity and does not have to be a member of the LLC.
- The LLC is not subject to any Nevis tax.
- There are no reporting requirements to any Nevis authority in respect of the financial affairs or ownership of the LLC.
- Members and Managers cannot be held liable for the debts of the LLC.
- A creditor of a Member cannot alienate the Member's LLC interest - the only remedy available to a creditor of a Member is a charging order over the member's interest. The right of the creditor is therefore limited to the distributions (if any) of income made by the LLC pursuant to the relevant Operating Agreement.
- LLC's are specifically exempted from any taxes in Nevis.
Please follow the links below for more information on Nevis companies: