Nevis

Nevis

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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: 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 Restrictions: 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 on their abbreviations.
  • Language of legislation and corporate documents: English
  • Taxation: Total tax exemption is automatically provided by law for IBC companies
  • Annual license fee: USD 220
  • 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
  • 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 restrictions
  • 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
  • Books and records must ne maintained and available if required.
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