Nevis Asset Protection Offshore

The tiny Caribbean island of Nevis has emerged as a highly attractive jurisdiction for offshore asset protection since the mid-1980s. In 1984, the Nevis government enacted the Nevis Business Corporation Ordinance, promoting itself as a safe asset protection haven.

It has also become quite popular as a combination tool with a Cook Islands Trust.  In fact there are some websites which tout the pair as the ultimate Asset Protection and are packaging them at what seems to be a very low price.  If you are considering this please read this post “The $10,000 Cook Islands Trust.” While both Nevis and The Cooks are fine jurisdictions, the back end costs and reporting requirements are often more than you bargained for, and in many cases are not being told about.

As to the legal aspects, there are several advantages to setting up an offshore asset protection trust in Nevis, including a well-established system of banking and strict privacy laws. The laws in Nevis make it as difficult for plaintiffs to pursue your assets as those in Cook’s Island. A plaintiff who wants to access your assets must initiate legal action against you in Nevis. For this, he must post a $25,000 bond before he can file a lawsuit against your asset protection trust.

The laws in Nevis incorporate concepts of English common-law and American corporate law. That makes it easier when you want to set up an offshore asset protection trust, because you are less likely to encounter the legal hassles that could possibly create obstacles in other jurisdictions. That’s not all. By using a Nevis IBC as a trustee, you can maintain some degree of control over your trust.

The offshore banking laws in Nevis allow for nondisclosure for trust owners and operators. The government heavily promotes asset protection trusts in its jurisdiction. Your confidentiality and privacy will be respected. Besides, this is a well-developed country with an excellent communication network. Setting up a trust here will allow you the accessibility that you want in an asset protection trust.

Call us today to learn more about your offshore asset protection trust and Nevis.