Offshore Banking with a Swiss Bank Account and Nevis LLC

Registration of name

24. (1) Any person, natural or corporate, or any agent thereof
may reserve a name with the Registrar of Companies
provided said reservation is made in accordance with this
Part and is made in good faith for subsequent use in
formation of a corporation under this Ordinance or for use
in changing the name of a corporation already subject to
this Ordinance. A name may be reserved under Parts XII or
XIII by a non-Nevisian corporation which has filed for a
transfer of domicile thereunder. Such name reservation
shall not be subject to the time limitation and fee
requirements of section 24.(4) of this chapter.
(2) An application to reserve a name shall be delivered to
the Registrar of Companies together with the required fee.
Said application shall set forth:
(i) the name to be reserved;
(ii) the name and address of the applicant;
(iii) a statement of the reasons for the application in
accordance with section (1) above;
(iv) the name in which the Certificate of Name
Reservation is to be issued.
(3) Provided the name to be reserved is available for
use, the Registrar of Companies shall enter the name upon
the reserved name list and issue a Certificate of Name
Reservation in the name of the applicant or in the name
designated by the applicant. The Certificate of Name
Reservation shall set forth:
(i) the information contained in the application
therefor; and
(ii) the date the name was entered upon the reserved
name list; which date shall be the date of
reservation.
(4) Beginning upon the date of reservation, the
name reserved will be maintained upon the reserved name
list by the Registrar of Companies and shall not be used
except by the person, natural or corporate, in whose name
the Certificate of Name Reservation has been issued. Said
reservation shall terminate upon the expiration of one
hundred twenty days next following the date of reservation
unless sooner renewed. Upon payment of the required fees,
the reservation shall be renewed with the Registrar of
Companies for no more than two like periods. An
appropriate receipt for the required fees shall be taken
along with the Certificate of Name Reservation to be proof
of the extension of the reservation.
(5) The Certificate of Name Reservation and any
renewals thereof shall be evidenced to the Registrar of
Companies at the time the name reserved is utilized by the
person, natural or corporate, in whose name said Certificate
of Name Reservation has been issued.