Thinking of using Nevis as an offshore jurisdiction?

Actually Nevis is better than most jurisdictions but still falls short when compared to Panama.

Nevis has double-taxation agreements with Denmark, New Zealand, Norway, Sweden, Switzerland, and the United Kingdom. This is always a warning sign of a possible fishing expedition. Panama has no tax treaties with any country.

Nevis has Bearer share Companies BUT bearer shares have to be deposited with the Registered Agent and reported to the Registrar of Companies. This eliminates the anonymity. The shares can't be transferred without any reportage or recording of new owners like in Panama. Panama has no registry or mechanism to track ownership of bearer share corporations. So why use Nevis?

Nevis is not a modern country. It is an island subject to weather, internet outages, phone outages etc.

There are less than 10 banks in Nevis, Panama has about 150. Most likely the bank you will deal with in Nevis has an Offshore only Banking License. This means they can only conduct transactions with non-resident of Nevis. One could say the government doesn´t really trust them enough to expose their citizens to the bank. Do you really want to put your money in such a bank?

Below is a picture of the Offshore Bank you will most likely be dealing with in Nevis. As a comparison we have a picture of the headquarters of a typical Panama Bank. Dozens of Panama Banks have 40 story chrome and glass skyscrapers with their name on them.

For more information, please visit:
http://www.panamalaw.org
email at: panamalegal@hush.com