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

We invite you to open a limited liability company in Nevis. Registration of such a business structure in one of the most attractive offshore jurisdictions is primarily suitable for persons interested in reliable asset protection and zero taxation. In addition, we will help you avoid the difficulties of opening a corporate account for your new company. We will provide you with an account in the UK payment system, a sector with dynamically developing financial services.

The service is provided remotely without personal presence. All procedures will take approximately two weeks.

LLC in Nevis – a reliable fortress for your assets

Given the trends in the classic offshore zones’ development, the choice of Nevis jurisdiction as a reliable and calm bay for any company is quite obvious for many business persons.

Nevis is an island state and part of the Federation of Saint Christopher and Nevis (or Saint Kitts and Nevis) in the Caribbean. This region is traditionally prosperous for doing business offshore. Using the experience accumulated over many years in this area, Nevis offers its customers the most optimal and profitable solutions. The proximity to such an economically successful country as the USA is also essential in Nevis services development. Many US companies are registered in this jurisdiction.

Why is Nevis so attractive to American and other entrepreneurs from around the world?

First of all, Nevis is the undisputed leader and unofficial champion in protecting its clients’ assets from other persons’ claims. The tool for protecting assets becomes very important in modern realities if we look at the increased cases of multi-million dollar fines, even for the minor violations or minimal mistakes in doing business. Creditors’ aggressive behavior may also be a reason to pay attention to this jurisdiction.

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Check the list of required documents, and get the details of the process, terms, and costs.

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Factors to maximize the protection of your assets in Nevis:

•  In this jurisdiction, only the local court decision is valid. In other words, persons who have claims against your company must prove their accusation in a local court. This, in turn, requires the involvement of local lawyers, whose services are pretty expensive.
• To file a case in a local court, the creditor will have to pay not less than USD 10,000. In addition, the risk of obtaining an unfavorable decision remains very high.
• Even if the creditor wins, they will be able to claim only the company’s dividends, etc. The main assets and your property will remain intact. Moreover, receiving payments from the company will stop within two years. After this period, you have the right to cancel the charging order.
• The creditor can sue only the company. But if one of the company members is accused of violating the law, all obligations for the loss and, accordingly, payments fall solely on them.
• There is a general trend for the plaintiffs to lose most cases and, accordingly, to pay all costs. Even the most eminent US lawyers are reasonably afraid to go to court against Nevis companies.

Another beneficial advantage of opening an LLC in Nevis is a favorable taxation system that allows to avoid double taxation. An LLC does not pay corporate income tax. Company owners distribute and pay their own income tax. And, of course, there is no tax on the income you receive from activities outside the island jurisdiction.

If you have any further questions or would like to learn more about the benefits of Nevis LLC, please contact our experts at info@qwealthreport.com.

Name requirements for Nevis LLC formation

The first thing you will need to do when opening LLC in Nevis is to choose your company name. There are several naming restrictions in this jurisdiction. First, the name must contain an abbreviation like LLC, LC, Limited, etc. Secondly, Nevis has a ban on using certain words in the company name. In addition, there is also a list of words, which use is possible only after approval.

Words with limited use in the company name (after approval)

Words prohibited in the company name

Documents required to open LLC in Nevis

To open LLC in Nevis, you will need scanned copies of the following documents (for each founder):

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

After registration, you will be able to receive the original documents. In addition, it is possible to order a set of apostilled copies.

The cost of opening a company in Nevis with its further support

Service		Price		Terms
Basic package of corporate documents, which includes: Certificate of Incorporation Endorsement Certificate  Articles of Incorporation Certificate of Notary Public Designation and Acceptance of Registered Agent Transfer of Subscription Rights  Appointment of Director  By-Laws Written Resolution of Director Register of Directors Register of Officers Register of Shareholders Share Certificate/s		USD 1,899		2-3 working days
Apostille Package: Certificate of Incorporation Endorsement Certificate Articles of Incorporation Certificate of Notary Public Designation and Acceptance of Registered Agent Transfer of Subscription Rights Appointment of Director By-Laws Written Resolution of Director Register of Directors Register of Officers Register of Shareholders Share Certificate/s One set of corporate documents’ apostilled copies		USD 2,499		5-6 working days
Apostille Package + full professional service: Company registration State registration fee Nevis Registered Agent services Registered office (registered address) in Nevis  One set of original corporate documents One set of corporate documents’ apostilled copies Professional director/manager Original power of attorney with apostille Professional shareholder/member Original Declaration of Trust One set of professional director’s/manager’s corporate documents (copies with apostille) One set of corporate documents’ copies Certificate of Good Standing Certificate of Incumbency  Power of attorney copy Declaration of Trust copy  Passport copy Utility bill copy Bank Letter of Recommendation or bank statement Worldwide courier delivery		USD 7,949		6-8 working days
Company annual renewal fee: State fee for renewal Nevis Registered Agent services Registered office (registered address) in Nevis Renewal Certificate scanned copy		USD 1,699		3 working days
Annual fee for professional services in Nevis:
Professional director/manager (Nevis corporation)		USD 1,399		1 working day
Professional shareholder/member (Nevis corporation)		USD 1,399		1 working day
Professional company officers (Nevis corporation)		USD 1,399		1 working day
Additional documents after company registration:
Set of corporate documents’ copies (notarized)		USD 600		1-2 working days
Set of corporate documents’ copies (notarized and apostilled)		USD 799		2-3 working days
Certificate of Incorporation copy		USD 400		1-3 working days
Managers/Members/Shareholders/Directors/Officers registers preparation		USD 200		2 working days
Minutes of the first Board Meeting preparation		USD 450		From 2 working days
Share Certificate		USD 200		2 working days
Company search		USD 500		2-3 working days
Power of attorney (common)		USD 399		1 working day
Power of attorney (notarized)		USD 599		1-2 working days
Power of attorney (apostilled)		USD 799		2-3 working days
Declaration of Trust (common)		USD 400		1 working day
Declaration of Trust (notarized)		USD 600		1-2 working days
Declaration of Trust (apostilled)		USD 800		2-3 working days
Additional certificates after company registration:
Certificate of Good Standing (common)	USD 680		2-3 working days
Certificate of Good Standing (apostilled)	USD 880		2-3 working days
Certificate of Incumbency (common)	USD 490		1 working day
Certificate of Incumbency (notarized)	USD 690		1-2 working days
Certificate of Incumbency (notarized and apostilled)	USD 890		2-3 working days
Tax exemption letter	USD 500		2-3 working days
Tax exemption letter (apostilled)	USD 700		2-3 working days
Company Liquidation Certificate	USD 1700		Up to 7 working days
Certification of documents:
Registered agent certification (per document)	USD 150		2 working days
Notarization (per document)	USD 200		2 working days
Apostille certification (per document)	USD 250		2-3 working days
Register certification letter	USD 500		5 working days
Change of company name/capital/structure:
Company name change (without stamp)	USD 800		Up to 7 working days
Company name change (with stamp)	USD 1,220		Up to 7 working days
Authorized capital change	USD 1,625		Up to 7 working days
Officers/Directors/Managers change (including drafts, registers)	USD 800		Up to 5 working days
Shareholders/Members change (including drafts, registers and up to 2 Share Certificates)	USD 800		Up to 5 working days
Shares/ownership transfer (includes Minutes and up to 2 new Certificates)	USD 1200		5 working days
The Articles of Association amendment (paragraph addition, capital change, any change in the Articles of Association stamped by the Register)	USD 1200		Up to 7 working days
Re-issuance of constituent documents	USD 1,625		Up to 7 working days
Changes in the company after registration:
Continuation (change of company incorporation country)	USD 2,520		Individually
Certificate confirming the change of jurisdiction	USD 1,200		Up to 7 working days
Company transfer to Nevis	USD 1,500		Individually
Company transfer to Nevis (express)	USD 3,000		Up to 7 working days
Restoration of a company deleted from the Register	USD 1,700		2-3 working days
Company liquidation	USD 1,700		Up to 7 working days
Registered agent change (Transfer Out)	USD 1,999		2-3 working days
Registered agent change (Transfer In)	USD 500		Individually
Other services:
Document signing by Nevis professional director/manager: signature on a corporate document (per each document)  signature on a bank form (per each document)	USD 160     USD 320		1-2 working days
Document scanned copy (per page)	USD 100		1 working day
International courier delivery	USD 200		2-4 working days
Rushfee (rapid document preparation, per each operation)	USD 150		2 working days
Negotiable services:
Professional director services	USD 3,400		Individually
General consultation	Negotiable		Individually
Legal consultation	Negotiable		Individually
Nevis company substance:
Financial report (up to 20 transactions)	USD 1,900		Individually
Financial report (from 20 transactions)	From USD 1,900		Individually
Website development	cost depending on complexity		Individually
Virtual office (Panama): address mail or delivery to the courier phone with recording function	USD 3,000		Up to 7 working days

Opening a corporate account in the UK payment system

Payment systems are nothing more than virtual platforms to use financial services, such as savings, various types of payments, operations with cryptocurrencies, etc., and services in rapidly growing market segments, such as IT, electronic commerce, and marketing.

For a modern person, it is pretty evident that banking institutions are not the only players in the financial services market. Nowadays, payment systems are gaining a leading position more and more confidently. Many organizations actively open accounts in them to conduct their activities.

The UK payment system is registered in London and received its FCA license in 2016. Given the Latvian roots of this payment system (its creation history and the involvement of various specialists began in Latvia), it is not surprising that its offices are located both in London and Riga.

Like all banks, the payment system offers customers the broadest range of financial services but more extensive opportunities. Corporate accounts for companies registered in Nevis can be opened in EUR. And you can access your account from any place with the Internet using any suitable device (smartphone, laptop, etc.).

Current rates:

You can get detailed information on a corporate account in the UK payment system from our specialists.

Documents for opening a UK corporate account

To open a corporate account in the UK payment system for your LLC company, you will need the following documents:

• Certificate of Formation copy
• Memorandum of Association/Articles of Association/Bylaws/Operating Agreement copy
• description of your company’s activity field (partners, activity regions, settlement system, working pattern, etc.)
• proof of doing business (bank statement, declarations, financial statements, tax certificate)

Required documents for LLC owners and managers:

• passport copy (notarized)
•  a document confirming the residence address
• short biography

Important! All documents must be translated into English and notarized. The payment system legal department may request additional documents.

In addition, you need to correctly fill out, sign, and scan the required forms for opening an account. All scans must be readable and of high quality. Otherwise, a denial of service may follow.

How to register LLC in Nevis and open a corporate account in the UK payment system

If you have decided to open a company in Nevis, to start the procedure you need to:

1. Contact us at info@qwealthreport.com for professional advice on registering LLC in Nevis and opening a UK corporate account.
2. Prepare scanned copies of the documents that the consultant will ask you for verification.
3. Pay for our assistance in registering a company and opening a corporate account. The price is from 4699 EUR.

You can pay by a regular bank transaction, by card, and using such payment systems as MoneyGram, Western Union, or WebMoney.

4. Then, send the original documents required to open LLC in Nevis and UK corporate account to our back office.
5. After receiving all the documents and full payment, we will proceed to the opening procedure. The term is about two weeks.
6. Upon completion, we will send the original documents by courier to the address you specified.

You can contact our experts right now at the address above to get detailed advice!