| St. Kitts Trust & Corporate Services |
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Nevis is an excellent jurisdiction in which to open a Limited Liability Company (LLC). The Nevis Limited Liability Company Ordinance was passed in 1995 and has become very popular.
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It offers a full range of financial services and products including asset management and protection, company formation and administration, insurance, foundations, mutual funds administration, offshore banking, investment management, and trust services.
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Nevis offshore companies are free from taxation and are protected in privacy by the 1985 Confidential Relationship Act.
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Exempt Limited Partnership (St Kitts And Nevis)
A limited partnership can qualify for tax exemption if it refrains from doing business with Federation residents. Partners of an exempt limited partnership are not subject to income, capital gains, and withholding taxes. Furthermore, no estate, inheritance, succession or gift taxes have to be paid by any person regarding property owned by or securities created or issued by an exempt limited partnership. Also, stamp duties are not levied on any person with regard to transactions in securities issued or create in respect of an exempt limited partnership.
The rules for allowing an exempt limited partnership to carry on some onshore activities are the same as for a corporation (see above). The annual registration fee for an exempt limited partnership is US$200.
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