offshore jurisdiction with Nevis courts governing. All of the benefits of the strongest LLC in the United States, located offshore.
To bring an action against a business incorporated in Nevis the creditor would need to hire a local lawyer licensed in Nevis and post a $ 25,000 cash bond with the court. In addition attorneys in Nevis are not allowed to work on contingency basis. The creditor must pay for all legal services up front and in full.
There are very few company records to be maintained, such as corporate minutes. Your company meeting can be held anywhere and an operating agreement can be tailored to your exact specifications.
Nevis has no public registry. Nevis does not have a database of corporate records accessible to the public.
Nevis is one strongest structure from an asset protection standpoint to hold personal assets or run a business that is fraught with liability.
Cayman Islands LLC
The Cayman Islands has an excellent legal, fiscal, financial and professional environment for the incorporation of international business companies.
The jurisdiction is a world leading offshore financial services jurisdiction due to its political and economic stability and its broad offer of banking, trust, hedge fund formation and investment, structured finance and securitization, captive insurance and international business services.
A Cayman LLC has no company structure requirements for its management, nor are there provisions for company meetings, directors, secretary, or capital. Its operating agreement may be arranged by its members according to their needs.
In Cayman Islands, there are no direct taxes. No corporation tax, income tax, capital gains tax, inheritance tax, gift tax or wealth tax. Certain documents may be subject to a nominal stamp duty.
There is no exchange control and no restrictions on the movement of funds to or from the Islands.
Reporting requirements are limited to an annual return confirming that no business has been conducted within the jurisdiction. There is no need to file financial statements and audits are not required, unless the company is an investment fund regulated by the Cayman Islands Monetary Authority.
LLCs also benefit from confidentiality. Details of company members are not required to be filed with the Registrar of Companies.
Companies incorporated in the Caymans also benefit from a wide range of financial and professional services. There are about 324 banks and trust companies licensed in Islands, including 47 of the 50 largest banks in the world and high-end professional services, including lawyers, accountants, insurance managers, mutual fund managers and administrators, among others.
The Cayman Islands LLC is an excellent entity for movable and immovable assets holding, asset protection, investment funds, joint venture companies, private equity transactions, securitizations and other corporate transactions and international structures. In combination with a trust, Cayman LLCs are also powerful vehicles to carry out Initial Coin Offerings( ICOs).
Labuan Ltd.
Labuan International Business and Financial Centre is a reputable free trade area located in the Federal Territory of Labuan, an island off the coast of the state of Sabah in East Malaysia.
Labuan is becoming a one of the major financial hubs of Asia due to its pro-business regulation, low taxes and compliance with international standards on due diligence and transparency.
Companies incorporated in Labuan benefit from an attractive tax regime. Trading profits arising outside of Malaysia are taxed at 3 % or at a flat tax of Rm 20, 000.
Non-trading profits such as those arising from the holding of investments in securities, stocks, shares, loans, deposits or other properties are not subject to taxation.