Saint Kitts and Nevis Professional Fund
Key Features
The Nevis International Mutual Funds Ordinance allows for a Professional Fund which is available only to professional investors with an initial investment of not less than US$100,000 and is also required to be recognized by the Minister of Finance, but can be fully operational for a period of 14 days without being recognized under the Ordinance.
- A Nevis International Professional Fund must have a licensed and independent fund custodian.
- There must also be a licensed manager or administrator of the fund.
- Managers or Administrators who are not resident or domicile in Nevis and who are authorized to provide services under the laws of a recognized jurisdiction may operate from within Nevis after receiving written permission from the Minister of Finance.
- Additionally, a licensed or recognized Fund of a prescribed jurisdiction can easily be continued or re-domiciled in Nevis, if it is in good standing. The same re-domiciliation privilege is given to the investment manager and administrator of that existing Fund.
- Minimum number of directors is two natural persons.
- The Nevis International Mutual Funds Regulations set the annual licence renewal fee at USD 200 for Professional Funds.
Requirements |
Description |
General |
|
|
St. Nevis Company, Partnership or Unit Trust |
|
USD 200 |
|
USD 200 |
|
No |
Share capital or equivalent |
|
|
USD 100,000 |
|
None |
Directors |
|
|
2 |
|
No |
|
No |
Service Providers Required |
|
|
Yes (from anywhere) |
|
Yes (from anywhere) |
|
Yes (from anywhere) |
|
Yes |
- Numerous tax advantages
- Ease and speed of licensing
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers