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Offshore Company in Nevis with a Bank Account in Belize

As you explore new frontiers for your business, Offshore Pro Group is here to help you navigate the complexities of international expansion. Our expert team offers a tailored suite of services, including offshore company registration in Nevis with a bank account in Belize set up remotely. 

Компания в Невисе

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Looking to establish an offshore business but not sure where to start? Our team of seasoned experts is here to help you choose the right country and provide end-to-end services for setting up your international company in Nevis and opening a bank account in Belize tailored to your goals and objectives. Let the International Wealth seasoned pros guide you through the process and ensure that your offshore venture is off to a smooth and successful start.

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Discover Nevis and St. Kitts – your guide to the Caribbean’s best-kept secrets

Nevis is considered one of the most flexible jurisdictions for international businesses due to its favorable conditions and lenient tax policies. 

Along with Saint Kitts, it forms a Federation located in the northeastern part of the Caribbean basin. These two islands were former British colonies that declared political independence in 1983 and became members of the British Commonwealth of Nations. Today, Nevis is an independent state that represents its interests in the United Nations and is not under the control of the British Crown. 

Offshore legislation in Nevis was developed independently of federal laws and operates in parallel with them. Since Nevis remained a British colony for a long time, English is the official and national language of the country, while the Eastern Caribbean dollar is the official currency.

The Federation of St. Kitts and Nevis operates under a constitutional monarchy, with Queen Elizabeth II as the head of state and a Governor-General as her representative. This political system has facilitated Nevis’ stability and independence, making it an attractive jurisdiction for offshore business.

Nevis has established a specialized government department, the Economic Affairs Division (EAD), that focuses on attracting investments and promoting industrial growth. The EAD provides valuable information to potential investors about the sectors of the economy that are particularly appealing to the country.

To entice foreign investors to contribute to Nevis’s economy, the government has developed a set of alluring incentives. Among the primary benefits of Nevis as an offshore center are its stringent security measures and adherence to the standards set forth by the OECD and FATF. Additionally, international companies are eligible for tax breaks, and there are no conflicts with global regulators, making Nevis a highly desirable location for investment.

Setting up your offshore business: legislative framework in Nevis

Nevis and St. Kitts offer a range of advantages for potential offshore company founders, including:

  • Exemption from corporate income tax provided that corporate profits are generated outside the country. A fixed license fee of $1,699 per year is charged (subject to change).
  • Minimal financial reporting and accounting requirements – companies only need to maintain documentation and keep it for five years in any location or country. There is no obligation to file annual reports in Nevis. Financial balance sheets and transaction documents are only submitted upon request from regulatory bodies.
  • No legislation regarding the amount of share capital required for an offshore company.
  • Free entry of assets into the country and free repatriation out of the country.
  • No control over the currency.

The offshore legislation of Nevis is based on Anglo-Saxon corporate law, where all claims and conflicts are considered by the Supreme Court or the Magistrate’s Court. The final instance that puts an end to appellate complaints is the Privy Council. This is one of the most reliable offshore legislations in the world, which protects assets and guarantees confidentiality to the owner.

To make claims against offshore businesses, foreign creditors and plaintiffs in other matters must personally appear in Nevis and apply to the local court. A mandatory condition for such applications is a fee of $100,000, and the probability of a positive decision is practically zero.

Types of ventures you can establish in Nevis

Nevis provides an array of options for company registration to cater to different business needs. Here’s what they include: 

  • Nevis Limited Liability Company (NLLC)
  • Nevis Multiform Foundation
  • Nevis International Business Company (NIBC)
  • Nevis International Exempt Trust.

Nevis’ legal system has become increasingly popular among entrepreneurs seeking to protect their assets, with American investors showing particular interest in the jurisdiction. In light of the increasing scrutiny from the US tax authorities, many have turned to Nevis for its favorable legislation. 

Nevis’ Economic Citizenship Program has been in place for 30 years, enabling individuals to acquire a second passport by investing in the country’s economy or purchasing property in the Caribbean. A second passport offers greater privacy and allows for unrestricted travel to many countries worldwide without the need for a visa.

Documents required to open an offshore bank account in Belize and register a company in Nevis

When setting up an offshore business, one of the most important aspects to consider is the preparation of the necessary documents for company registration and bank account opening. To ensure a smooth process without any issues from banking officials or registrars, it is recommended to consult with the International Wealth seasoned experts or your registered agent to verify the current requirements.

By utilizing the services of the International Wealth profs, the offshore company registration process can be simplified to just the preparation and submission of documents to the International Wealth back office without the applicant’s involvement. The option of the remote or in-person opening of a corporate bank account will depend on the bank’s established requirements, which should be confirmed with the International Wealth specialists in advance.

Below, you will find the list of documents you shall submit to incorporate a company in Nevis:

  • company name that complies with the guidelines – it can be in any language but should use the Latin alphabet
  • application for offshore business setup in Nevis
  • certified copy of passport and an additional document such as a driver’s license
  • certified proof of residence address (not older than 3 months)
  • professional recommendation letter
  • bank recommendation letter (draft available upon request)
  • proof of fund origin (bank statement)
  • registration form, as all matters related to your Nevis offshore company will be handled by a registration agent.

The incorporation process for a limited liability company in Nevis typically takes around 7 to 10 business days after we have received all necessary documentation and payment.

Below, the documents are listed that each signatory, beneficiary, director, and nominee shall submit to set up a bank account in Belize for their Nevis offshore company:

  • account opening forms for your bank account in Belize
  • certified copy of passport or other acceptable identification document notarized
  • proof of address not older than 2 months
  • bank reference letter
  • professional recommendation from someone the company has been in business with for at least one year (such as a lawyer, notary, etc.)

copy of share certificate or trust deed declaration (Deed of Trust)

  • power of attorney for opening and managing the account
  • copy of the minutes of the general meeting and the articles of association of the legal entity or structure, and/or copy of the corresponding lease agreement
  • certificate of incorporation of the company (copy)
  • copy of the company’s financial position certificate
  • copy of the company’s memorandum and articles of association
  • certificate of shareholders of the company.

The bank reserves the right to request further information and may refuse to open an account without explanation if the clients are from the sanctions list or engaged in prohibited activities. It is crucial to comply with all the bank’s requirements and regulations to avoid any complications or delays with the account setup

Perks of Nevisian offshore companies

Nevis is a region that provides numerous benefits to foreign investors who are looking to create a business. The following are the principal advantages of incorporating a fund, trust, or international structure in Nevis:

  • Setting up a Nevis offshore company is a quick process that can be done remotely, without the need for the founder’s physical presence.
  • Ownership information of companies is kept confidential and is not publicly available. Only certain government agencies and some practicing lawyers have access to it.
  • An LLC in Nevis can have any number of employees, directors, and board members, starting from just one person.
  • Nominee services are allowed, and there are no residency requirements for shareholders or directors in Nevis.
  • Financial reports are kept and stored in the office of the registered agent or another location chosen by the founders and are only provided upon request from auditing bodies.
  • There is no requirement for mandatory audits or shareholder meetings, which can be held anywhere in the world.
  • Income earned from foreign sources is not subject to taxation in Nevis.
  • There are no restrictions on currency control.

Offshore company incorporation fees in Nevis

LLC and/or IBC incorporation in NevisUSDService delivery time
Here’s what the basic package of corporate documents includes:

Certificate of Incorporation
Endorsement Certificate
Articles of Incorporation.
Certificate of Notary Public
Designation and Acceptance of Registered Agent
Minutes of Subscription Rights Transfer
Minutes of Director’s Appointment
By-Laws
Minutes of the First Board Meeting and/or Written Resolution of Directors
Register of Directors
Register of Officers
Register of Shareholders
Share Certificate/s.
USD 18992 to 3 workdays
Apostilled document package:

Certificate of Incorporation
Endorsement Certificate
Articles of Incorporation
Certificate of Notary Public
Designation and Acceptance of Registered Agent
Transfer of Subscription Rights
Minutes of Director Appointment
By-Laws
Minutes of the First Board Meeting and/or Written Resolution of Directors
Register of Directors
Register of Officers
Register of Shareholders
Share Certificate/s
1 set of apostilled corporate document copies
USD 2499 5 to 6 workdays
Apostilled document package + full nominee service:

company incorporation
state fees for company incorporation
services of a registered agent in Nevis
registered office (legal address) in Nevis
1 set of original corporate document copies
1 set of apostilled corporate document copies
nominee director and/or manager**
apostilled PoA – original copy
nominee shareholder and/or member**
Trust Deed – original copy
1 set of apostilled copies of the nominee’s corporate document copies
1 set of corporate document copies
Certificate of Good Standing
Certificate of Incumbency.
PoA – copy
copy of Trust Declaration
passport copy.
copy of utility bill
bank reference letter or bank statement
worldwide courier delivery.
USD 7949 6 to 8 workdays
Fee for annual renewal of company registration:

state fees for the renewal of company registration
services of a registered agent in Nevis
registered office (legal address) in Nevis.
scanned copy of the certificate of company registration renewal.
USD 16993 workdays
Annual remuneration of company nominees in Nevis:  
nominee director and/or manager (Nevis corporation)USD 1399 1 workday
nominee shareholder and/or member (Nevis corporation)USD 1399 1 workday
nominee officials (Nevis corporation)USD 1399 1 workday
Additional documents to be submitted after company incorporation:  
notarized set of corporate document copiesUSD 600 1 to 2 workdays
notarized and apostilled set of corporate document copiesUSD 799 2 to 3 workdays
copy of incorporation certificateUSD 400 1 to 3 workdays
preparation of Register of Managers, Register of Members, Register of Shareholders, Register of Directors, and Register of OfficersUSD 200 2 workdays
compiling the minutes for the 1st BoD meetingUSD 450 2 or more workdays
Share CertificateUSD 200 2 workdays
company searchUSD 500 2 to 3 workdays
letter of authorityUSD 399 1 workday
notarized PoAUSD 599 1 to 2 workdays
apostilled PoAUSD 799 2 to 3 workdays
simple Trust DeedUSD 400 1 workday
notarized Trust DeedUSD 600 1 to 2 workdays
apostilled Trust DeedUSD 8002 to 3 workdays
Additional certificates to be submitted after company incorporation:  
simple Certificate of Good StandingUSD 6802 to 3 workdays
apostilled Certificate of Good StandingUSD 8802 to 3 workdays
simple Certificate of IncumbencyUSD 4901 workday
notarized Certificate of IncumbencyUSD 6901 to 2 workdays
notarized Certificate of Incumbency with apostilleUSD 8902 to 3 workdays
tax exemption letterUSD 500 2 to 3 workdays
apostilled tax exemption letterUSD 700 2 to 3 workdays
certificate of liquidationUSD 1700 up to 7 workdays
Document certification:  
certified document signed by the registered agent (per document)USD 150 2 workdays
notarized document (per document)USD 200 2 workdays
apostilled document (per document)USD 250 2 to 3 workdays
certification letter from the RegistrarUSD 500 5 workdays
company, capital, or organization name change:  
certificate of company name change (unsealed)USD 800 up to 7 workdays
certificate of company name change (sealed)USD 1220 up to 7 workdays
changes in authorized capitalUSD 1625 up to 7 workdays
changes in Officers, Directors, and/or Managers (including those in draft documents and registries)USD 800 up to 5 workdays
changes in Shareholders and/or Members (including those in draft documents. registries. and up to 2 share certificates)USD 800 up to 5 workdays
share and/or title transfer, including Minutes and up to 2 new CertificatesUSD 1200 5 workdays
making amendments to the company’s charter (adding a paragraph, changing the capital, or any other modifications to the charter that have been officially registered with the RegistrarUSD 1200 up to 7 workdays
Reissue of the company’s founding documentsUSD 1625 up to 7 workdays
Company amendments after incorporation:  
continuationUSD 2520 on case-by-case basis
certificate of continuationUSD 1200 up to 7 workdays
company transfer to NevisUSD 1500 on case-by-case basis
expedited company transfer to NevisUSD 3000 up to 7 workdays
restoration of a company struck off from the RegisterUSD 1700 2 to 3 workdays
company liquidationUSD 1700 up to 7 workdays
transfer outUSD 1999 2 to 3 workdays
transfer inUSD 500 on case-by-case basis
Other services:  
Document signing by a Nevis nominee:
 
1 signature on a corporate document (per 1 document)
1 signature on a bank form (per 1 document)
USD 160
USD 320 
1 to 2 workdays
scanned document copy (per 1 page)USD 100 1 workday
international courier deliveryUSD 200 2 to 4 workdays
rush fee (expedited document preparation) – per 1 operationUSD 150 2 workdays
Negotiated Services:  
services of a professional directorUSD 3400 on case-by-case basis
general consultationagreed priceon case-by-case basis
legal consultationagreed priceon case-by-case basis
Substance for Nevis offshore company:  
financial statement (up to 20 transactions)USD 1900 on case-by-case basis
financial statement (20 or more transactions)USD 1900 or more on case-by-case basis
website development fee, state registration, and registered agent feescost varies depending on the complexityon case-by-case basis
virtual office (Panama)
 
address
mail and/or transfer to the courier
telephone with recording functionality.
USD 3000 up to 7 workdays

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When it comes to registering an offshore company in Nevis, our package offers a comprehensive solution that includes the added benefit of opening a bank account in Belize. However, we understand that different clients have different needs and preferences when it comes to financial institutions. That’s why we provide tailored support to help our clients identify and select a bank that aligns with their specific goals and objectives.

Offshore corporate banking in Belize: exploring your options

The jurisdiction of Belize has become a popular hub for offshore businesses, thanks in large part to its reputation for providing exceptional levels of privacy and anonymity through its offshore banking sector. 

The Belize bank has been granted a prestigious Class A international license, and its reserve fund ensures that customer assets are protected from any unforeseen risks. The bank has a strong commitment to preventing money laundering and has implemented rigorous ‘Know Your Customer’ (KYC) policies to verify the identities of its clients. 

Not only is the account setup in Belize quick and straightforward, but it can also provide your business with valuable access to the global market and a wide range of financial tools. 

Fees and services Belize bank offers to offshore companies

When it comes to finding the right offshore banking partner for your business, Belizean banks are a top choice for many foreign companies, including those registered in Nevis. That’s because these financial institutions offer a diverse range of valuable services designed to help businesses succeed in the global marketplace:

  • Prepaid VISA card with a generous top-up limit of up to 20,000 US dollars. This card can be used around the world for transfers and cash withdrawals from ATMs, making it an excellent option for frequent travelers and global businesses.
  • Fixed-term fixed-rate deposit bank account in Belize periodic interest payments.
  • Corporate demand deposit bank account in Belize This type of a bank account in Belize offers convenient and flexible access to your funds, allowing you to make deposits and withdrawals whenever you need them.

A bank account in Belize can be set up in one of the following currencies: USD, EUR, GBP, CAD, and CHF.

Bank fees in Belize for corporate clients in 2023 

  • Here are the opportunities that a prepaid VISA bank card comes with:
    • account top-up – 3% of the top-up amount
    • annual fee – USD 50.00
    • card activation – USD 3.00
    • cash withdrawal – USD 5.00
    • currency exchange – 3%
    • fee for cross-border transactions – 3%.
  • Fixed-term deposit bank account in Belize for an offshore company:
    • account opening fee for the above bank account in Belize – USD 100 
    • FATCA commission for the above bank account in Belize – USD 250
    • monthly maintenance fee for the above bank account in Belize – USD 14.5
    • minimum balance required to open the above bank account in Belize – USD 25,000
    • interest rate for accounts with a term of 1 year or more – starting from 1.75%.
  • Lifestyle (savings) bank account in Belize for offshore companies including the ones set up in Nevis:
    • account opening fee for the above bank account in Belize – USD 100 
    • FATCA commission for the above bank account in Belize– USD 250
    • monthly maintenance fee for the above bank account in Belize USD 14.5
    • minimum balance required to open the above bank account in Belize – USD 1000
    • interest rate for the above bank account in Belize depends on the balance amount:
      • up to USD 25,000 – 0.1%
      • USD 25,000 to USD 99,000 – 0.25%
      • above USD 100,000 – 0.5%.
  • Demand deposit bank account in Belize:
    • account opening fee for the above bank account in Belize – USD 100 
    • FATCA fee for the above bank account in Belize – USD 250
    • monthly maintenance fee for the above bank account in Belize – USD 14.5
    • minimum balance required to open the above bank account in Belize – USD 1000
    • interest rate for the above bank account in Belize – 0.1% for balances of USD 10,000 and above.

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For detailed information about the rates, administrative fees, and maintenance of offshore corporate accounts in Belize for companies from Nevis and other countries, please refer to the International Wealth comprehensive article at the link above. 

From incorporation to banking: a step-by-step guide for registering your offshore company in Nevis and setting up a corporate account with a Belize bank

  1. If you are interested in opening an offshore company in Nevis with a corporate bank account in Belize, feel free to contact the International Wealth experts by sending an email to: [email protected].   
  2. Our team of experts will guide you through the document requirements and necessary formalities for registering an offshore company in Nevis with a Belizean bank account.
  3. As a next step, you will be required to pay the corresponding fee using traditional bank transfer, payment services, or any other payment method, including Bitcoin payments. The total cost of the service is 7348 USD.
  4. Once the process is finalized, you will receive corporate paperwork for your offshore company in Nevis and access to a commercial account at a bank in Belize.

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Should you find yourself in need of a notary, assistance with document translation into English, their authentication, or any other related matters, our team can help you resolve these and other issues. Our specialists provide a range of services on topics such as banking services, business registration, immigration, and more, all of which can be found under the Offshore Services section on the International Wealth corporate website.

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