Funds registration in Saint Kitts and Nevis

Multi shaped Fund - a unique tool that exists only on the island of Nevis, and which can be converted into a private fund. Using private fund provided in that case when the company is the owner of significant assets. A person who supervises the activities of the fund, has no corporate rights (obtained under the license from the Central Bank), and the beneficiary and protector not considered as its owners; they can not declare assets abroad, make different actions with them and do not pay taxes.

Absolutely any offshore company outside of Nevis, which exists in the form of a foundation, you can convert in Nevis in multi shaped Fund, which is allowed to transfer to other jurisdictions. Multifunction funds of the island fall under the law of a confidential relationship: the information on them is secure and for the disclosure there is a penalty in extra large amounts.

To open the multi shaped Fund Nevis observe a list of requirements:

• give the name of the fund;
• fund has a registered agent in Nevis;
• fund has a registered office in the island;
• the guidance of fund is made by the Board of Directors;
• fund has a memorandum of association.

The procedure of registration the fund includes several steps:

• registration agent having a registered office on the island, working on the issue of incorporation;
• promoter with the help of assistant reserve carefully selected name of the fund, which is compatible with a number of legislative requirements;
• documentation (including the application form, the memorandum of incorporation, the schedule agreement, and upon the reorganization of the fund attached petition with the proper organization, concerning the termination of activities) to establish a fund shall be prepared and transmitted to the agent;
• paid registration payment.

Created structure is completely mobile: the fund is acting as in the island Nevis, as outside its borders.

The registration procedure of the fund is a complex process and has a time and financial constraints. To expedite the registration process, guarantee of the timely registration and absence of problems, we recommend register the fund with the help of experts. Our company has extensive experience with the laws of Saint Kitts and Nevis, we know all the nuances and peculiarities of the registration the fund process in this Federation. Contact our company, and we will provide you full assistance and support during every step of opening or restructuring fund for Saint Kitts and Nevis island!