Offshore Banking with a Swiss Bank Account and Nevis LLC

This page is to provide some helpful information about how to get started offshore banking, or forming an IBC or establishing an offshore trust the strongest of which is an asset protection trust. Some free advice and help for you is to get a hold of an offshore company formation company and create a Nevis Limited Liability Company ( Nevis LLC ). Opening an offshore company in an offshore tax haven opening an offshore account for the purpose of offshore asset protection will enhance your privacy. The strongest choice of banks are Switzerland banks. They are known for strength, safety and privacy. Offshore banking account in an institution such as a Belize bank is private. However there is greater security in when you open a Swiss bank account with your IBC. Company incorporation offshore is enhances your privacy because transfers into and out of the bank will be in the Nevis Company name in the offshore tax haven instead of your own name. US people are taxed on their worldwide income so, as a responsible company, we highly recommend that you comply with applicable laws. So, for offshore banking, the best recommendation is to open the offshore banking account in a Nevis LLC and establish a Swiss bank account. Offshore company incorporation and offshore company formation will give you the strongest offshore asset protection.

Below is a copy of the Nevis Limited Liability Ordinance

Table of contents
Nevis Business Corporation Ordinance 1984 as amended

PART I
GENERAL PROVISIONS

1. Short Title
2. Interpretation
3. Application of the Ordinance
4. Form of instruments; filing
5. Certificates or certified copies as evidence
6. Fees on filing articles of incorporation and other documents
7. Annual registration fee
8. Waiver of notice
9. Notice to shareholders of bearer shares
10. Construction

PART II
CORPORATION PURPOSES AND POWERS

11.Purposes
12.General Powers
13.Guarantee authorized by shareholders
14.Defense of ultra vires
15.Effect of incorporation: corporation as proper part to action
16.Liability of directors, officers and shareholders

PART III
SERVICES OF PROCESS: REGISTERED AGENT

17.Registered agent for service of process
18.Registrar of Companies or his appointee as agent for service of process
19.Records and certificates of Registrar of Companies
20.Limitation on effect of Part

PART IV
FORMATION OF CORPORATIONS; CORPORATE NAMES

21.Incorporators
22.Corporate name
23.Index of names of corporations
24.Reservation of name
25.Contents of articles of incorporation
26.Powers and rights of bondholders
27.Execution and filing of articles of incorporation
28.Effect of filing articles of incorporation
29.Organization meeting
30.Bylaws

PART V
CORPORATE FINANCE

31.Classes and series of shares
32.Restrictions on transfer of shares
33.Subscription for shares
34.Consideration for shares
35.Payment for shares
36.Compensation for formation, reorganization and financing
37.Determination of stated capital
38.Form and content of certificates
39.Dividends in cash, stock or other property
40.Share dividends
41.Purchase or redemption by corporation of its own shares
42.Reacquired shares
43.Reduction of stated capital by action of the board

PART VI
DIRECTORS AND MANAGEMENT

44.Management of business of corporation
45.Qualification of directors
46.Number of directors
47.Election and term of directors
48.Classification of directors
49.Newly created directorships and vacancies
50.Removal of directors
51.Quorum: action by the board
52.Meetings of the board
53.Executive and other committees
54.Director conflicts of interest
55.Loans to directors
56.Indemnification of directors and officers
57.Standard of care to be observed by directors and officers
58.Officers
59<.Removal of officersbr> 60.Meetings of shareholders
61.Notice of meetings of shareholders
62.Waiver of notice
63.Action by shareholders without a meeting
64.Fixing record date
65.Proxies
66.Quorum of shareholders
67.Vote of shareholders required
68.Greater requirement as to quorum and cote of shareholders
69.List of shareholders at meetings
70.Qualification of voters
71.Voting trusts
72.Agreement among shareholders as to voting
73.Conduct of shareholders’ meetings
74.Preemptive rights
75.Shareholders’ derivative actions
76.Requirement for keeping books of account, minutes and records
of shareholders
77.Shareholders’ right to inspect books and records
78.Directors’ right of inspection
79.Enforcement of right of inspection
80.Annual and interim reports

PART IX
AMENDMENTS TO ARTICLES OF INCORPORATION

81.Right to amend articles of incorporation
82.Reduction of stated capitally amendment
83.Procedure for amendment
84.Class voting on amendments
85.Articles of amendments
86.Effectiveness of amendment
87.Right of dissenting shareholders to payment
88.Restated articles of incorporation

PART X
MERGER OR CONSOLIDATION

89.Definitions
90.Merger or consolidation of domestic corporations
91.Merger of subsidiary corporation
92.Effect of merger or consolidation
93.Merger or consolidation of domestic and foreign corporations
94.Sale, lease, exchange or other disposition of assets
95.Right of dissenting shareholder’s right to receive payment for shares
96.Procedure to enforce shareholders’s right to receive payment for shares

PART XI
DISSOLUTION

97.Manner of effecting dissolution
98.Judicial dissolution
99.Dissolution on failure to pay annual registration fee or appoint or maintain registered
agent
100.Winding up affairs or corporation after dissolution
101.Settlement of claims against corporation

PART XII
TRANSFER OF DOMICILE TO NEVIS

102.Definitions
103.When transfer of domicile is permitted
104.Application to transfer domicile
105.Contents of application to transfer domicile
106.Documentation to be submitted with application
107.Who may execute application
108.Certificate of Transfer of domicile to Nevis
109.Prior obligations and liabilities
110.Application law
111.Departure
112.Certificate of departure
113.Effective date of departure
114.Jurisdiction of courts after departure

PART XIII
TEMPORARY TRANSFER OF DOMICILE INTO NEVIS

115.Definitions
116.When emergency transfer of domicile is permitted
117.Application for emergency transfer of domicile
118.Governing law after emergency transfer
119.Prior obligations and liabilities
120.Service of process after emergency transfer of domicile
121.Return to foreign jurisdiction
122.Repealed

PART XIV
TAX EXEMPTION

123.Exemption
123A. Licence required for management office
123B. Limitation of section 123A
125.Dividends and distributions

PART XV
MISCELLANEOUS

126.Savings provisions
127.Penalty for default
128.Deputy Registrar
129.Certificate of Good Standing