An LLC in Nevis with a Corporate Account in the UK Payment System

If you are looking for a favorable offshore jurisdiction to incorporate your company, think of an LLC in Nevis with a corporate account in the UK payment system. LLC incorporation in one of the most sought-after jurisdictions will allow you to maximize the protection of your assets and ensure the required level of confidentiality. 

The efficiency and profitability of an LLC in Nevis are combined with the simplicity and speed of its opening. The entire procedure takes place remotely and does not require your personal visit to the country. It will take about nine to twelve days overall.

Nevis Offers Profitable Solutions for your Business

Nevis is one of the most reliable and promising classic offshore jurisdictions. It still offers all the privileges of an offshore and at the same time minimizes possible difficulties in carrying out business activities around the world. To date, such conditions can be offered by just a few jurisdictions, and Nevis proposes the most favorable ones.

Nevis has an unstained reputation: it has never been in the center of scandals, and it tries to play by generally accepted rules. This balance is not easy to maintain (especially in today's rapidly changing environment), but the island's authorities are managing it quite well.

There are enough talks and rumors about the fact that this jurisdiction offers tangible benefits for the business, and they have a real basis behind them. Today, many foreign entrepreneurs opt for Nevis, especially businessmen from the United States. Even many large corporations have interests in this small Caribbean island!

What is so tempting about Nevis? In fact, the list of advantages is quite impressive, but we would like to highlight the following ones:

• Best asset protection. To date, no other jurisdiction provides the same reliability and security for your assets as Nevis. Protection is ensured on many levels using a wide range of instruments. If you skillfully use the capabilities of your LLC, you will be able to protect not only the company's assets but also yours.
• Good practice of the jurisdiction aimed at avoiding “black lists”. As mentioned above, the authorities of the island are seriously interested in foreign investors, and therefore they try to preserve the advantages of a classical offshore. At the same time, it must be taken into account that today we may observe a rather aggressive policy of deoffshorization in many countries, which leads to problems for companies registered in jurisdictions from the so-called “black lists”. Fortunately, none of this applies to Nevis! The island has avoided such a list by introducing a number of amendments to its legislation, thereby minimizing possible issues for its customers that are doing business internationally, for example, in the EU.
• The jurisdiction currently offers zero taxation. Due to its structure, an LLC is not subject to corporate tax, and profits are distributed among the company owners, which helps to avoid double taxation. Nevis does not levy taxes on any income derived from activities abroad, which means that you retain your net profit without any additional deductions to the tax authority.
• Nevis provides a high level of confidentiality. There are no open lists or personal data disclosed on you or any company officials. The island's jurisdiction exchanges tax information only for persons holding accounts with local banks. This means that your company will not be known to your tax authority if you do not have a bank account in Nevis.

It is important to understand that there are many more additional advantages which make setting up an LLC in Nevis a very reasonable choice. The country provides flexible options to configure your company, as well as a number of other features. If you want to know more or have any questions, you can always contact us at info@qwealthreport.com 

What you Have to Know to Choose a Name for your Nevis LLC

When you establish an LLC in Nevis, one of your first decisions will be to choose a name for your company. It is important to take into account a number of requirements to register a name on the island:

1. The company name must contain abbreviations such as LLC, LC, Limited, etc.
2. You will be able to use the words in the list below only after they have been agreed with the authorities
3. Another list will also be presented below for you to know which words cannot be used in the company name.

List of words whose use in the company name is restricted (as agreed)

List of words whose use in the company name is forbidden

Opening and Maintenance Costs for an LLC in Nevis

A Set of Documents Required for LLC Registration in Nevis

You will need scanned copies of the following documents from each founder to establish an LLC 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 documents after registration. You can order a set of apostilled copies if you need them.

A Corporate Account in the UK Payment System

Payment systems are a relatively new and young phenomenon, and one that is gaining popularity and developing at a significant pace. The emergence of a large number of payment systems as well as an increase in their use due to their convenience can provide (and provides!) serious competition to classical banks in the financial services market.

Of course, a conservative client still chooses the bank. But we should understand that even such well-established financial institutions cannot turn a blind eye to such technological innovations. And this is not just about current trends. Payment systems offer a range of services that are as good as any bank while avoiding their disadvantages, such as excessive bureaucracy.

Any payment system is first of all simple and convenient. In addition, it is very difficult nowadays to open an account for an offshore company in an ordinary bank, and there are few prerequisites for improvement in this matter. Therefore, the choice in favor of the UK payment system will be an excellent solution.

The payment system is registered in the UK and has been operating since 2017.

The UK payment system offers its corporate clients a wide range of financial services. Various transfers and payment transactions, individual IBAN , SEPA and SWIFT payments, conversion of currencies at favorable rates, and much more.

Use the UK payment system to work with 37 currencies of different countries.

The information about balances and transactions within the payment system is not available to tax authorities, which gives you additional privacy.

And modern online banking capabilities will allow you to constantly monitor your company's finances anywhere in the world, regardless of time and distance.

Rates charged by the UK payment system

Service	Cost, EUR
Consideration of the account application	150
Account opening fee	800 - 1 000
Monthly maintenance fee	30
Closing account fee	200
Incoming transactions   SEPA	20
Incoming transactions SWIFT	20
Outgoing transactions   SEPA	50
Outgoing transactions SWIFT	60

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

To open a corporate account, you will need:

1. For all company beneficiaries and managers:

• a copy of the foreign passport certified by a notary
• proof of residence (utility bill)
• a short bio

2. A corporate documents package for the company (issued by the registered agent)
3. To fill in and sign the documents required to open an account, and then scan them. It is important that the scans are of high quality and readable, otherwise they will be turned down.

The Procedure of LLC 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.