A BC in Nevis with a Corporate Account in the UK Payment System

Do you want to register an offshore company in Nevis with a corporate account in a modern financial institution that offers all state-of-the-industry technical features? Opt for a Business Company in Nevis with an account in the UK payment system. Registering a BC in a jurisdiction that is a leader in asset protection will allow you to maintain a high degree of confidentiality, relieve you of your tax obligations and provide reliable protection for your company's assets, while an account opened with a payment system rather than a conservative bank will spare the bureaucratic effort.

The service is provided remotely and does not require your personal presence, which saves time and money. Registration of a Business Company in Nevis is an easy and quick procedure that will take about two weeks to complete, and a corporate account will take even less.

A BC in Nevis – a Double Advantage of a Business Corporation and a Classic Offshore

Nevis is an independent island within the Federation of Saint Kitts and Nevis in the Caribbean. Its location next to such an economically developed country as the United States has also contributed to the development of Nevis. The island's economy is heavily dependent on foreign capital, so it is no surprise that Nevis' authorities are doing their best to attract investors from the outside.

American entrepreneurs were the first to consider the potential of Nevis, and their share is impressive. All the others caught up a little later, which defined the leading positions of Nevis as a classic offshore.

Any success should be consolidated, so the Nevis law (which was based on English law) was constantly adapted to external changes. This helps the companies registered in the jurisdiction to avoid problems in international activities. Since January 2019, amendments have entered into force in the territory of Nevis to avoid the country's inclusion on the EU "black list".

This is only one example of how the legislation of the island of Nevis protects the interests of its investors while also ensuring that all rules are respected, which enhances the overall status and credibility of Nevis at the international level.

Nevis law also promotes the preservation of the company's assets (and the personal assets of customers), and the jurisdiction is simply second to none in this matter.

On top of that, your BC in Nevis will not be required to submit financial statements, so paperwork will be reduced to a minimum.

A Business Company in Nevis will be able to provide you with an adequate level of confidentiality. For example, there is no public register of companies on the island that reveals the data on Business Company owners. Nevis does not disclose the data on the beneficial owners and members of a BC as part of the automatic exchange of tax information as this applies only to those who (or whose companies) have bank accounts in Nevis.

In addition, Nevis currently offers zero taxation on capital gains, as well as the income received outside the jurisdiction. And that's another advantage for your Business Company in Nevis.

The jurisdiction of Nevis also allows smart customization and configuration possibilities for your company to ensure the maximum benefit for you. So, for example, you will be able to own 100% of the company and be its sole shareholder (or take advantage of nominee directors, shareholders and officers of your corporation).

It is worth remembering, however, that a Business Company can distribute responsibilities among its members depending on their share in the overall enterprise.

Nevis is also actively promoting economic citizenship by investments, which can provide additional benefits to you and your business.

If you have any questions about the advantages that Nevis provides for Business Companies or you just want more information about this jurisdiction, please contact us at info@qwealthreport.com.

Our experts will be happy to provide you with a more detailed answer on any aspects of business registration in Nevis and bank account opening.

Costs of BC registration in Nevis and its maintenance

A Set of Documents Required for Business Company Registration in Nevis

You will need scanned copies of the following documents from each founder to establish a BC in Nevis:

• a copy of the foreign passport or other ID certified by a notary
• a document confirming the address of residence (bank account statement, utility bill not older than 3 months, etc.)
• filled and signed due diligence and order forms

You will be able to receive the original company documents after registration in Nevis, and you can also order a set of apostilled copies if you need them.

Corporate Account for your Nevis BC in the UK Payment System

The full functioning of your Nevis company will not be possible without a corporate account. Unfortunately, it is becoming harder and harder for companies to open a bank account in the current conditions in the light of a deoffshorization trend and a generally negative attitude towards offshore companies. Not all banks cooperate, and many of those who do provide business account services may not be the most reliable partners when difficulties arise. However, every cloud has a silver lining.

Payment systems are successfully filling the vacated niche of business accounts opened without much paperwork or excessive requirements.

They are increasingly proving their solvency and competitiveness in comparison with the banking sector as a whole, and innovation and technological advantages are on their side, so more and more companies choose to open accounts with them. Payment systems are more accessible, simple, and fantastically loyal to their customers, which makes account opening a much more pleasant procedure. In addition, they do not have as many obligations to supervisory authorities as banks.

We offer to open a corporate account for your Nevis Business Company in the UK payment system. This PS has a British jurisdiction and has been operating since 2018 in London.

The UK payment system will be able to provide you with a full range of financial services for your Nevis company, not just a corporate account. In addition, you have an opportunity to use full-fledged online banking, which will allow you to manage your account and get up-to-date information about expenses anywhere in the world, at any time. It's very quick and convenient.

You can also convert and use the currencies of 26 countries.

The UK payment system is planning to issue 4 types of plastic cards for its clients who have corporate accounts, all of which belong to MasterCard with PayPass and reliable 3D secure data protection.

An important fact (and an additional advantage) of this payment system for you is that the data on account balances and transactions within the PS is also protected from tax authorities.

Rates of the UK payment system (corporate account)

Service for your BC account	Cost
Consideration of the account application	£ 250
Fee for reviewing documents and opening an account	from £1,000
Monthly account maintenance fee	£ 30
Monthly account maintenance fee for inactive (5 months or more) accounts	£ 500
SEPA transaction value (EUR)	£ 20
Non-SEPA transaction value	0.20%

Documents Required to Open a Corporate Account in the UK Payment System

To open a corporate account for your Nevis Business Company, you will need:

1. For all company beneficiaries and managers:

• A copy of the foreign passport certified by a notary
• Proof of residence (utility bills)
• A brief bio

2. Corporate documents package for the company (issued by the registered agent)
3. Completed and signed documents for opening an account, as well as scanned copies. It is important that the scans are of high quality and readable, otherwise, they will be turned down.

The Procedure of BC Registration in Nevis and Opening a Corporate Account in the UK Payment System

To start the procedure, you need to:

Contact us now using the above address to request the service. Engage our experts for company establishment in Nevis and account opening with a UK payment system to enjoy a seamless procedure!