Offshore Banking with a Swiss Bank Account and Nevis LLC

PART XIV
TAX EXEMPTION
Exemptions 123. (1) Any corporation subject to this Ordinance which does
no business in Nevis shall not be subject to any corporate
tax, income tax, withholding tax, stamp tax, asset tax,
exchange controls, or other fees or taxes based upon or
measured by assets or income originating outside of Nevis
or in connection with other activities outside of Nevis or in
connection with matters of corporate administration which
may occur in Nevis, except as provided in sections 6 and 7
of Part 1 of this Ordinance.
(2) For purposes of this section, no corporation shall be
considered to be doing business in.Nevis solely because it
engages in one or more of the following activities:
(i) maintaining bank accounts in Nevis:
(ii) holding meetings of directors or shareholders in
Nevis:
(iii) maintaining corporate or financial records in
Nevis:
(iv) maintaining an administrative or managerial
office in Nevis with respect to assets or activities
outside of Nevis:
(v) maintaining a registered agent in Nevis: and
(vi) investing in stocks or entities of Nevis
corporations or being a partner in Nevis partnership
or a beneficiary of a Nevis trust or estate
(vii) acquires real property in a local industrial or
tourist facility provided always that such property
shall be situated in a project or development
approved and authorized by the Nevis Island
Administration.