Nevis company

[Xerkki]

Hello.

I saw Nevis is now collecting taxes from worldwide income for companies registered there.

Is this true? Some sources say yes, others say no.

Dominica seems to have the same thing?
Still some websites offer Nevis and Dominica companies as tax free.

What is the alternative for these jurisdictions for people who have already company in Nevis/Dominica?

Marshall Islands???

 

[Garret Gates]

Xerkki said:
Hello.

I saw Nevis is now collecting taxes from worldwide income for companies registered there.

Is this true? Some sources say yes, others say no.

Dominica seems to have the same thing?
Still some websites offer Nevis and Dominica companies as tax free.

What is the alternative for these jurisdictions for people who have already company in Nevis/Dominica?

Marshall Islands???
Click to expand...

It's up to Nevis LLC only (not IBC)

 

[PaulKruger]

Garret Gates said:
It's up to Nevis LLC only (not IBC)
Click to expand...

What do you mean by this, mind to elaborate a little?

 

[Golden Fleece]

He is wrong. The law applies to both an LLC and an IBC.

https://data.consilium.europa.eu/doc/document/ST-7522-2019-INIT/en/pdf
Also note that the grandfathering provision expired this past June.

 

[uplana]

It means a Nevis LLC has to pay tax in Nevis regardless where it is doing business, that's fine with me, how much is the tax rate for a Nevis company ?

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