Nevis

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.

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)

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.

Language of legislation and corporate documents:

English 
Taxation:

Total tax exemption is automatically provided by law for IBC companies

Annual license fee:

USD220

Double Tax Treaty Network:

Signed Double Tax agreements with various countries but IBC cannot obtain any treaty relief through them

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

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

 

Free Tax Planning Summary>>>