Looking for Nevis LLC formation (without bank account)

[SilverNeo]

Conversely, it is an optimal approach , or one of the most effective approaches , currently available is insufficient by merely expending USD 1,000 to resolve the issue. It necessitates a comprehensive assessment of the client's present and prospective future needs, thereby enabling the construction of a bespoke solution.

For illustrative purposes, consider a scenario where a client seeks to evade creditors for an amount less than a one hundred thousand US dollars. In such a case, the establishment of a corporate entity might suffice. However, if the client's liabilities amount to one million US dollars or more, or if the client has declared bankruptcy, a Trust could genuinely safeguard their economic and financial well-being. Therefore, an expenditure of USD 20,000.00 for the creation of a trust and corporate entity package, complete with nominee shareholders and directors, in addition to an annual management fee of USD 2,000.00, is considered to be an excellent, straightforward, convenient, and even economical protective measure.

You are kidding, right? No way it costs 20000 for a Nevis trust, more like 5k to set up and then another 3k for maintenance. Well worth it if you are trying to safeguard assets, now a Cook Islands trust costs that much as it's expensive and considered the best jurisdiction, in my opinion, with Nevis being a close second.

Personally, I don't think the cost is worth what you are getting compared to Nevis, so if I had to pick, I would go with a Nevis trust instead of a Cook Islands one, but those are just my two cents.

 

[Pasqualina]

It is possible that my previous explanation lacked sufficient clarity.

The establishment of a trust in Nevis incurs a cost of $3,000.00. This fee, however, is exclusive of any advisory services and applies only when engaging directly with a Registered Agent. Subsequently, the formation of a Nevis Limited Liability Company (NLLC) is also required, typically costing a minimum of $1,000.00.

Additional expenses include fees for the nominee shareholder and director, estimated at $1,000.00. Furthermore, securing at least three bank accounts is necessary, a process that can be complex and may cost an additional $2,000.00.

Finally, incorporating a Power of Attorney (POA) and FedEx shipment of all documentation to your specified city adds an estimated $1,000.00.

These figures apply only to standard cases. Costs can escalate rapidly, potentially doubling, if the Ultimate Beneficial Owner (UBO) is located in a high-risk country, or if any markets involved in sending or receiving funds are deemed high-risk.

Lastly, and of significant importance, clients typically require comprehensive legal consultation for the entire package, as they generally lack the expertise to navigate these complex international legal structures independently.

Nevertheless, for individuals with millions of dollars at stake, an investment of $20,000.00 for a robust, "tank-like" structure would likely be made without hesitation, providing considerable peace of mind.

 

[alley]

You are kidding, right? No way it costs 20000 for a Nevis trust, more like 5k to set up and then another 3k for maintenance.

I agree, a quick approach to a few CSP's confirms the numbers.

 

[Davis123]

Conversely, it is an optimal approach , or one of the most effective approaches , currently available is insufficient by merely expending USD 1,000 to resolve the issue. It necessitates a comprehensive assessment of the client's present and prospective future needs, thereby enabling the construction of a bespoke solution.

For illustrative purposes, consider a scenario where a client seeks to evade creditors for an amount less than a one hundred thousand US dollars. In such a case, the establishment of a corporate entity might suffice. However, if the client's liabilities amount to one million US dollars or more, or if the client has declared bankruptcy, a Trust could genuinely safeguard their economic and financial well-being. Therefore, an expenditure of USD 20,000.00 for the creation of a trust and corporate entity package, complete with nominee shareholders and directors, in addition to an annual management fee of USD 2,000.00, is considered to be an excellent, straightforward, convenient, and even economical protective measure.

But for s trust you need an LLC for better protection. Secondly again question arises as to where this LLC would for a reputable bank to accept this jurisdiction ? . That's the biggest problem I am facing nowadays. Even with a Nevis LLC it was next to impossible for a reputable bank to accept it a decade ago.

 

[Clank]

But for s trust you need an LLC for better protection. Secondly again question arises as to where this LLC would for a reputable bank to accept this jurisdiction ? . That's the biggest problem I am facing nowadays. Even with a Nevis LLC it was next to impossible for a reputable bank to accept it a decade ago.

If you are using the LLC for asset protection, you intend to put most of your money there. If you put 1M+ there are many reputable banks that will take you in Singapore, Switzerland, Cayman or Bahamas.

 

[alley]

If you have a million to put into the trust or more, a few thousand dollars should not stop you to get the proper solution maybe get in touch with @gh0p who takes on customers with a networth of one million.

 

[Clank]

If you have a million to put into the trust or more, a few thousand dollars should not stop you to get the proper solution maybe get in touch with @gh0p who takes on customers with a networth of one million.

I thought his service was for HNWI only. Seems like a good solution then.

 

[alley]

Therefore, an expenditure of USD 20,000.00 for the creation of a trust and corporate entity package, complete with nominee shareholders and directors, in addition to an annual management fee of USD 2,000.00, is considered to be an excellent, straightforward, convenient, and even economical protective measure.

where do you get these figures from?

 

[SilverNeo]

But for s trust you need an LLC for better protection. Secondly again question arises as to where this LLC would for a reputable bank to accept this jurisdiction ? . That's the biggest problem I am facing nowadays. Even with a Nevis LLC it was next to impossible for a reputable bank to accept it a decade ago.

This is not how you set it up for a proper setup you need multiple things

This is what I would do

Points 2 and 3 are needed if your clients have an issue with a Nevis IBC

1. Set up a Nevis IBC/LLC + a Nevis trust
2. Set up a US LLC owned by the trust
3. Set up a UK LLP or something like a Cyprus company owned by the trust.

Nevis IBC for asset protection (property, any stock investments, Crypto etc...) does not deal with clients, it's a holding company, you invest profits, and it's basically for your investments and you don't need extremely great banking, no customers.

US LLC for US customers lot simpler for banking etc... and less questions why offshore etc....
UK LLP for UK/EU customers lot simpler for banking etc... and less questions why offshore etc...

So it's not that complicated if you do your research

Also to maintain the US and UK companies is not that expensive, which is a plus.

 

[Clank]

This is not how you set it up for a proper setup you need multiple things

This is what I would do

Points 2 and 3 are needed if your clients have an issue with a Nevis IBC

1. Set up a Nevis IBC/LLC + a Nevis trust
2. Set up a US LLC owned by the trust
3. Set up a UK LLP or something like a Cyprus company owned by the trust.

Nevis IBC for asset protection (property, any stock investments, Crypto etc...) does not deal with clients, it's a holding company, you invest profits, and it's basically for your investments and you don't need extremely great banking, no customers.

US LLC for US customers lot simpler for banking etc... and less questions why offshore etc....
UK LLP for UK/EU customers lot simpler for banking etc... and less questions why offshore etc...

So it's not that complicated if you do your research

Also to maintain the US and UK companies is not that expensive, which is a plus.

A Nevis LLC is much better for asset protection than an IBC.

 

[SilverNeo]

A Nevis LLC is much better for asset protection than an IBC.

Not really this is shares instead of managers and is better for inheritance planing and when you add it to a trust you are all good

When i researched this i could not find a legal case of where a Nevis IBC in a trust was breached same goes for a Nevis LLC in a trust.

There was one case in the usa in Florida where the Court ruled that yes you can get the assets but this is only us assets and the LLC was not in a trust and even than this one case is an exception.

And if its in a trust good luck.

https://www.alperlaw.com/offshore/nevis-llc/

I prefer an IBC personally due to the structure but to each its own

 

[Davis123]

Not really this is shares instead of managers and is better for inheritance planing and when you add it to a trust you are all good

When i researched this i could not find a legal case of where a Nevis IBC in a trust was breached same goes for a Nevis LLC in a trust.

There was one case in the usa in Florida where the Court ruled that yes you can get the assets but this is only us assets and the LLC was not in a trust and even than this one case is an exception.

And if its in a trust good luck.

https://www.alperlaw.com/offshore/nevis-llc/

I prefer an IBC personally due to the structure but to each its own

Looks like a lot of annual fees per year plus a CPA extra amounts for keeping up with this structure. For a US citizen like myself this is just too much structuring

 

[SilverNeo]

Looks like a lot of annual fees per year plus a CPA extra amounts for keeping up with this structure. For a US citizen like myself this is just too much structuring

For me is fine costs 1100 USD a Year + tax return that the agent needs to file which is 200 USD.

There are no requirements for audited accounts so total cost 1300 for the IBC

 

[Davis123]

For me is fine costs 1100 USD a Year + tax return that the agent needs to file which is 200 USD.

There are no requirements for audited accounts so total cost 1300 for the IBC

That's pretty nice . Only 1100 is doable

 

[SilverNeo]

That's pretty nice . Only 1100 is doable

1300 but that's fine not what i would call expensive.

My rule of thumb and i don't want to come off as a snob but if someone can't afford 5k a year for an IBC and a trust + bank costs you don't need one.

And I'm not talking specifically for you Davis speaking generally