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General information
The Island of Nevis is located in the Eastern Caribbean with a population of approximately 12,000. Nevis was a British colony until 1983, and joined the Federation of St. Kitts and Nevis.
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| Currency: |
Eastern Caribbean Dollar (EC Dollar). US Dollars are widely acceptable |
| Language: |
Language: English is official and commercial language |
| Type of law: |
Common Law |
| Type of Company: |
International Business Company (Offshore exempt company) |
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Principal Corporate Legislation: |
Nevis Business Corporation Ordinance 1984 as amended 2002 |
| Uses: |
Commercial and trading activities, subject to trading restrictions as below |
| Trading Restriction: |
May not engage in the business of banking, assurance, fund and collective investment schemes or any other activity that would suggest an association with the banking or insurance industries. |
| Company name: |
Restriction: Cannot be in conflict with pre-existing company. Any name that in the opinion of the Registrar is undesirable or suggests an illegal activity or any name that may imply government patronage.
Language: Any languages that use Latin Alphabet. The Registrar may request an English translation if a foreign language name is used.
Suffixes: Name should terminate in the words Limited, Company, Corporation, Incorporated, Sociedad Anonima, Gesellschaft mit beschrankter Haftung or their abbreviations. |
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Language of legislation and corporate documents: |
English |
| Taxation: |
Total tax exemption is automatically provided by law for IBC companies |
| Annual license fee: |
USD220 |
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Double Tax Treaty Network: |
Signed Double Tax agreements with various countries but IBC cannot obtain any treaty relief through them |
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Registered Agent / Office: |
Licensed agent in Nevis must be appointed and the registered address must be maintained in Nevis |
| Shareholders: |
Minimum number: One
Publicly accessible records: No |
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Disclosure of Beneficial Owner: |
Not publicly available |
| Directors: |
If number of shareholders is less than three (3), the number of directors may equal the number of shareholder or more.
Can be corporate or natural person
Nationality: No restriction
Publicly accessible records: No
Location of meetings: No restriction |
| Secretary: |
Required: Yes
Local or qualified: No restriction |
| Share capital: |
Permitted currency: Any
No minimum or maximum capital requirement.
Nominative/registered or bearer shares allowed
Bearer shares must be held by a custodian in Nevis |
| Annual Reporting: |
There is no requirement to file annual returns or to submit any financial statements. |
| Shelf company: |
No |
