Looking for Nevis LLC formation (without bank account)

[user123434]

Which agent would you suggest for setup?
Accounting is not required?

 

[SilverNeo]

No you do not need accounting and i would suggest https://acmetrustnevis.com/

But do your own research and don't take my word for it.

Also banking is a bit problematic but for my use case is all good.

And by problematic i mean you will get it but they will ask all kinds of docs

 

[Davis123]

No you do not need accounting and i would suggest https://acmetrustnevis.com/

But do your own research and don't take my word for it.

Also banking is a bit problematic but for my use case is all good.

And by problematic i mean you will get it but they will ask all kinds of docs

What banks would work with a Belize or Nevis trust ? I read Belize is best for asset protection starting from day 1 unlike some others having time limits. I might need protection too nowadays it's essential just for my children

 

[SilverNeo]

What banks would work with a Belize or Nevis trust ? I read Belize is best for asset protection starting from day 1 unlike some others having time limits. I might need protection too nowadays it's essential just for my children

So, for me, I have a few EMI institutions as well as banks

EMI
https://verifo.com/
https://rd.group/
https://currenxie.com/en-gb

Banks
https://stlucia.provenbank.com/
https://www.cayebank.bz/

Plenty to meet my needs and all of these will work with the above

 

[Davis123]

So, for me, I have a few EMI institutions as well as banks

EMI
https://verifo.com/
https://rd.group/
https://currenxie.com/en-gb

Banks
https://stlucia.provenbank.com/
https://www.cayebank.bz/

Plenty to meet my needs and all of these will work with the above

Belize trust requires Belize LLC or IBC setup with it ? How much did it cost you to setup all this ?

 

[SilverNeo]

Belize trust requires Belize LLC or IBC setup with it ? How much did it cost you to setup all this ?

Cost breakdown
Initial IBC cost 1500$
IBC annual cost 1300$
Trust initial cost: 4000$
Trust annual cost: 3500$

EMI
Verifio: 50 a month = 600 a year
RD group: initial opening fee 2500$ no other costs
Currenxie: No cost for the account only for transfers.

Banks
Proven: 400 for the account opening + 25 a month 300 a year.

Caye bank: 175 initial opening cost + 10 a month 120 a year

One time costs total: 8575$
Ongoing costs 5875$ a year

If you look what I'm getting in return i would call that a bargain

 

[Clank]

Cost breakdown
Initial IBC cost 1500$
IBC annual cost 1300$
Trust initial cost: 4000$
Trust annual cost: 3500$

EMI
Verifio: 50 a month = 600 a year
RD group: initial opening fee 2500$ no other costs
Currenxie: No cost for the account only for transfers.

Banks
Proven: 400 for the account opening + 25 a month 300 a year.

Caye bank: 175 initial opening cost + 10 a month 120 a year

One time costs total: 8575$
Ongoing costs 5875$ a year

If you look what I'm getting in return i would call that a bargain

What platform you use for brokerage?

 

[SilverNeo]

What platform you use for brokerage?

https://www.swissquote.com/

 

[Clank]

https://www.swissquote.com/

And as a bank? I think Currenxie is reluctant to allow transfers to platforms allowing any kind of crypto transactions such as Swissquote.

 

[SilverNeo]

And as a bank? I think Currenxie is reluctant to allow transfers to platforms allowing any kind of crypto transactions such as Swissquote.

No as a broker i have not had issues

Unless is a pure Crypto platform such as Binance i don't think they have a problem if you look at it like that many if not most traditional brokers have some sort of crypto capability

For example on Tradestation you can trade bitcoin and etherium

 

[Clank]

No as a broker i have not had issues

Unless is a pure Crypto platform such as Binance i don't think they have a problem if you look at it like that many if not most traditional brokers have some sort of crypto capability

For example on Tradestation you can trade bitcoin and etherium

I guess you are not from Europe or expect to have problems with Europe right? I think the weakness for trust setups always relays in the banking and brokerage jurisdiction choice.

 

[SilverNeo]

I guess you are not from Europe or expect to have problems with Europe right? I think the weakness for trust setups always relays in the banking and brokerage jurisdiction choice.

No you don't do it that way you get a company open accounts used them for a year trade in the company etc... And the after a year you open a trust and say to the banks etc... Ohh i put my company in a trust and now the owner and shareholder is the trust

 

[Clank]

No you don't do it that way you get a company open accounts used them for a year trade in the company etc... And the after a year you open a trust and say to the banks etc... Ohh i put my company in a trust and now the owner and shareholder is the trust

That makes sense, but even if you transfer the company to the trust later and switch the signatory, Swiss banks still retain the full KYC history. If you were ever listed as UBO or signatory, they already have you on file , and in the event of a case, that alone can trigger a freeze.

 

[SilverNeo]

That makes sense, but even if you transfer the company to the trust later and switch the signatory, Swiss banks still retain the full KYC history. If you were ever listed as UBO or signatory, they already have you on file , and in the event of a case, that alone can trigger a freeze.

Does not matter your goal is to protect yourself from lawsuits, divorce etc... any dispute will have to be litigated in Nevis because if you don't live in Switzerland, there is no substance there.

Even if you start with a trust and an IBC or an LLC, you still have to say that you are the UBO a UBO has to be a physical living person, can't be a company. The point is that you don't care what the bank knows is what they can do to you legally if they can't do s**t what does it matter what they know?