Nevis and St. Vincent goos entities or crap?

[DeepDrilling]

First of all I don't get it, is Nevis the same as St. Vincent corps or why are these almost always mentioned together in any sentences?

Are they still useful?

Sorry for my stupid question 🙂

 

[MrTony]

I think because they do not require any license for a different kind of activity‌ and service for setting up and keeping of the companies are not very high. But‍ be careful, a lot of banks and EMI's don't want to work with companies from⁠ this two jurisdictions.

 

[bountymounty]

they are plain useless.

 

[MrTony]

for some kind of business they‌ are still useful

 

[bountymounty]

you want to elaborate, what business are they useful for ? or let me ask what‌ can you do with them what you can't do with a Belize, Panama or Seychelles‍ corp?

I'm curious to learn new stuff coo-:!y

 

[MrTony]

Look at the number of unregulated FX, binary etc companies with registration at Vincent...at Beliz‌ and Seychelles they need license, but not in Vincent and Nevis

 

[blizz]

What does it change for them. If it requires a license anywhere else then⁠ any bank or EMI they apply for account opening will require this license and if⁤ not possible to provide it they will refuse to open the account.

 

[MrTony]

They don't need any‌ license there. So, they are unregulated: no responsibility, no reports, no penalties.

It's not required. Of course, they can't open⁤ bank accounts in top or EU banks, but still possible to open offshore accounts. Not⁣ all EMIs accept them, but there is a lot of decisions, which accept unlicensed high-risk.⁢

 

[negon]

Does anyone with such business and low on budget ever care if they need to‌ have a license if it is possible to create a cheap Seychelles company for €650‍ somewehere and no one cares don't even check if this is legal?

I don't think⁠ so. It's religion and nothing else, some better like Seychelles over St. Kitts and the⁤ opposite - 99% of all the ilegal operations around really give a s**t if it⁣ is legal what they are doing or not they churn and burn!

 

[happyjohn]

Seychelles, Belize, St.kitts, Nevis and what else these low budget jurisdictions are then they are‌ used worldwide for fraud activity and illegal activities which is known to all! Anyway, no‍ one cares and that's what they are good for so why blame them!

 

[DeepDrilling]

I decided to move forward with a Seychelles company, cheap and fast to setup. Thanks‌ for your help anyway!

 

[blizz]

great and you are still happy?‍

 

[bountymounty]

and why you think it's better compared to Belize for instant?

 

[MrTony]

Belize regulator require 500k $ for license

 

[bountymounty]

That I know but who give a s... what they require you can do whatever‌ you want with a Belize corp. or what should stop you from using it for‍ any illegal activity?

 

[MrTony]

Actually, I don't understand the sense of your message.