Nevis, part of the Federation of Saint Kitts and Nevis, has a well-deserved reputation for professionalism when it comes international asset protection planning. Why?
- Nevis law is strong, clear and progressive, based on familiar offshore structures like the IBC, LLC, and common law Trust. Nevis LLCs are particularly used by US citizens as a straightforward alternative to domestic LLCs for asset protection planning.
- Nevis also accommodates more progressive structures such as the Nevis Multiform Foundation. This kind of Foundation can elect whether it will to be treated as a trust, a company, a partnership or an ordinary foundation. This 'form' can be changed at any time, allowing a great deal of flexibility.
- St Kitts and Nevis offers the most popular second passport (economic citizenship) program in the world. Unlike others, this program has always been well managed and has maintained a clean reputation. It is the only economic citizenship passport allowing visa-free travel to the European Union.
- Nevis has successfully represented itself in negotiations with the FATF and the OECD.
However, some questions about Nevis remain. Which are the best service providers to work with? What are the pluses and minuses of the various developments that qualify purchasers for economic citizenship? How does one go about opening bank accounts, given the distinct lack of banking facilities on the island?
Q Wealth's expert Peter Macfarlane is currently preparing a special report on Nevis that should be available in August 2010. If you would like to be notified when the report is available, please enter your e-mail address in the box below:
