A Limited Liability Company in Nevis with a Bank Account in Cook Islands

We invite you to consider the opportunity to form an LLC in Nevis and open a corporate account with an offshore bank in the Cook Islands. Everything that needs to be done to accomplish the task can be done remotely. You do not have to visit neither Nevis nor the Cook Islands. If asset protection is your primary objective, then Nevis should be the jurisdiction of your choice.

Why Nevis? This is proven classic

Nevis is part of the Federation of St Kitts and Nevis, islands in the Lesser Antilles. Along with other Caribbean countries, Nevis offers attractive opportunities for opening a business company in the region. The jurisdiction maintains friendly relationships with global regulators such as FATF, OECD, and the EU.

The popularity of Nevis in the offshore market keeps growing. There are several good reasons for that. The most important of them include the following ones:

1. Fast company formation and virtually no restrictions on the origin or nationality of the company founders.
2. Lack of state currency control.
3. Foreign LLCs are tax-exempt in Nevis. Whatever profit the company obtains outside the jurisdiction, it is not taxable in Nevis. The company only has to pay an annual registration extension fee.
4. The company assets are efficiently protected from foreign creditors. It’s extremely hard if not impossible for a creditor to take hold of Nevis-based property. If a lawsuit is to be filed against a Nevis-based company, this can be done in Nevis only. Foreign court decisions have no legal power in Nevis. Besides, the claimant has to pay US$ 100,000 to start the legal process. These factors practically reduce to zero the chances of the claimant to win the case.
5. Personal data of the company owners are well protected by the legislation in Nevis. The company founders do not have to disclose their names to the Public Business Register and all the personal information remains with the agent.
6. All accounting and business records that the company keeps can be stored in any country that the company owners prefer, not necessarily in Nevis.
7. Records need to be kept but they don’t have to be audited. The records have to be submitted if an official request is made by a government agency. Accounting reports have to remain available for inspection for 5 years.

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You are probably aware of the international de-offshorization campaign currently going on and you may feel uneasy about registering a company in an offshore jurisdiction. You’ve heard about the ‘black lists’ of uncooperative countries, haven’t you?

You don’t have to worry about starting an offshore company if you choose Nevis for this purpose. The jurisdiction has adapted very well to all the contemporary requirements and it is not on black or gray lists. Besides, our professional assistance will ensure that your company is set up in conformity with all the requirements and that you can freely engage in business operations in the EU and elsewhere.

Registering an LLC in Nevis: terms and conditions

In 2023, forming an offshore company in Nevis is possible only via a registered agent: there is no other way of doing so. Our experts will offer additional services to you including the opportunity to open a corporate bank account in the Cook Islands.  

You have to bear in mind the fact that some restrictions apply to the company name when you register it in Nevis. In particular, the company name shall contain such acronyms as LLC, LC, Limited, etc. Besides, the use of some words in the company name has to be approved by the local authorities while the use of some other words is strictly prohibited.  

Words in the company name that require special approval

Words that cannot be used in the company name

Documents required for opening an LLC in Nevis

You have to supply scanned copies of the following documents to register a company in Nevis (requirements apply to each company founder):

• A notarized copy of the foreign passport or similar ID;
• A proof of residential address (a bank statement or a utility bill less than 3 months old);
• Due Diligence form and и Order Form, completed and signed;
• A Letter of Recommendation from a professional;
• A Letter of Recommendation from the bank;
• A confirmation of legal sources of capital (a bank statement).

You’ll have to send the document originals to our back-office.

After the company is registered in Nevis, you are going to receive a set of corporate document originals. If you wish, you can request a set of apostilled copies of the corporate documents.

How much does it cost to register an offshore company in Nevis?

The costs of registering an LLC in Nevis and maintaining the company are provided in the table below. If you are interested in some additional offshore services, please don’t hesitate to contact us to find out more about them.

Costs of registering an maintaining a company in Nevis

Opening a corporate bank account in the Cook Islands

The Cook Islands is an independent state in Oceania that is in a free association with New Zealand. The country consists of 15 islands. The favorable geographic location of the Cook Islands makes the country a convenient platform for doing business with both Asian and American partners.

The offshore bank in the Cook Islands that we are bringing for your consideration is one of the oldest financial institutions in the country. Today, it offers a full spectrum of banking services to international customers. Private banking opportunities are also available.

Services that the Cook Islands bank provides to offshore-registered companies 

Corporate clients of the bank will find the following opportunities highly attractive:

• Accounts for business companies, trusts, partnerships, and funds in one of the following currencies: USD, AUD, SGD, GBP, NZD, CAD, EUR, and CHF.
• Prepaid cards with the balance of at least US$ 10,000. The cards can be used in many countries for withdrawing cash and paying for goods and services.
• A merchant account will give access to trade platforms of more than 30 stock exchanges in different parts of the world. The investable assets are kept with a custodian.
• You can also set up a precious metals account with the Cook Island bank. Gold, silver, and platina are kept in the form of bullions and coins. These are tangible metals stored in a special vault in New Zealand.
• An investment account will provide for efficient investment management. This private banking opportunity is easy to make use of because no additional documents are required to open an investment account in addition to a current account.

Please contact us without hesitation if you would like to learn more about the banking services that you can obtain in the Cook Islands. Our experts will be happy to give you a professional consultation on the matter.

The Cook Islands bank has restrictions on some countries and some types of business activities

In 2023, the Cook Islands bank does not provide services to customers from the countries listed below:

• Afghanistan;
• Bosnia and Herzegovina;
• Belarus;
• Russia;
• Central African Republic;
• Democratic Republic of the Congo;
• Cote d'Ivoire;
• Cuba;
• Egypt;
• Eritrea;
• Ethiopia;
• Haiti;
• Iran;
• Iraq;
• Democratic People's Republic of Korea;
• Lao People's Democratic Republic;
• Lebanon;
• Iran;
• Iraq;
• Democratic People's Republic of Korea;
• Lao People's Democratic Republic; Lebanon;
• Liberia;
• Libya;
• Myanmar (Burma);
• Pakistan;
• Serbia;
• Somalia;
• Sri Lanka;
• South Sudan;
• Republic of Sudan;
• Syria;
• Trinidad and Tobago;
• Tunisia;
• Yemen;
• Zimbabwe.

The Cook Islands bank applies enhanced due diligence requirements to prospective customers from the countries listed below:

• Algeria;
• Albania;
• Armenia;
• Azerbaijan;
• Bolivia;
• Brazil;
• Burundi;
• Ecuador;
• Gaza Strip;
• Ghana;
• Guatemala;
• Guinea;
• Guinea-Bissau;
• Indonesia;
• Kenya;
• Kosovo;
• Moldova;
• Morocco;
• Mozambique;
• Nicaragua;
• Nigeria;
• Panama;
• Papua New Guinea;
• Philippines;
• Republic of the Congo;
• Sao Tome and Principe;
• Sierra Leone;
• Tanzania;
• Thailand;
• Ukraine;
• Vanuatu;
• Venezuela;
• West Bank.

The lists of restricted countries change all the time so you have to find out if your country is on the list at the moment when you decide to register an LLC in Nevis and open a corporate bank account in the Cook Islands.

In addition to that, some restrictions apply to the business areas that the prospective corporate client is engaged in. Companies doing business in the following areas are not eligible to apply for services to the Cook Islands bank:

• Financial services – unregulated/ unlicensed;
• Non-licensed financial institutions;
• Pornography and all other adult materials;
• Drugs, recreational drugs, and online pharmacies;
• Trade in rough diamonds;
• Gambling and lotteries;
• Ammunition and weapon manufacturers and suppliers;
• Companies with bearer shares;
• Shell banks;
• Tobacco, cigarettes, cigars, e-cigarettes and related products and services;
• Companies dealing in wildlife products;
• Counterfeit goods;
• Dating agencies;
• Telemarketing;
• Chemical substances.

Documents required for opening a corporate bank account in the Cook Islands

Each company manager and beneficial owner needs to supply the following documents:

• A copy of the foreign passport;
• A proof of residential address not more than 3 months old;
• A brief résumé.

Corporate documents to be submitted when applying for banking services:

• Certificate of Formation;
• Memorandum and Articles of Association/ By-laws/ Operating Agreement;
• Certificate of Good Standing (if the company has been inexistence for more than a year);
• A copy of the Director’s account opening resolution.

Additionally, you will have to supply a description of the types of business activities that your company is engaged in.

The procedure of registering an LLC in Nevis and opening a corporate bank account in the Cook Islands

1. Please write to info@qwealthreport.com to request a professional consultation on the matter.
2. Collect all the required documents and supply their scanned copies to us.
3. Cover the cost of our service. The price of the service package (LLC registration in Nevis and a bank account in Cook Islands) starts at 5699 EUR.
4. When we have all the required documents and the payment, we will launch the process of company formation.
5. After the company is registered in Nevis, we will open a corporate account for you in the Cook Islands and send all the statutory documents to you with a courier. We will also send you document copies by ordinary mail.