NEVIS

 

 

 

1

Advantages

A stable and secure economy and a government whose watchwords are quality, innovation and integrity.

Exemption from income taxes, social security taxes, capital gains taxes, with-holding taxes and gift, estate and succession taxes.

Legislation that is continuously updated to ensure that it remains progressive and user friendly.

Developed support services, including state of the art telecommunication facilities, professional and competent attorneys and accountants, a variety of banking institutions both international and local, and established offshore trust and asset management services.

An untarnished reputation.

2

Corporate Law

The Nevis Business Corporation Ordinance, 1984

The Nevis International Exempt Trust Ordinance, 1994

The Nevis Limited Liability Company Ordinance, 1995

3

The form of exempt company

NBC (Nevis Business Corporation)

LLC (Limited Liability Company)

IBC (International Business Company)

4

Permitted activities

Any activities permitted by law

5

Prohibited activities

Any business activities with the residents of Nevis

6

Taxation

Nil

7

The period of registration

Less then 1 hour, incorporation documents can be delivered to the Registry by fax; total within 48 hours

8

The possibility to buy a shelf company

Yes

9

The name of a Company

Shall contain the word "corporation", "incorporated", company", or "limited" or other words or an abbreviation of one of such or other words as will clearly indicate that it is a corporation as distinguished from a natural person or part­nership. Shall not be the same as the name of a corporation of any type or kind, as such name appears on the index of names of existing corporations or companies or on the reserved name list maintained by the Registrar of Companies or a name so similar to any such name as to tend to confuse or deceive.

10

The documents for incorporation

Memorandum, Articles of association

11

Who signs the documents of incorporation ?

The registered agents

12

The share capital of a Company

Usually 100,000 USD

13

The recommended share capital of a Company

1000 USD

14

Shares

Bearer shares (bearer Certificates only) and no-par value shares allowed

15

Shareholders:

- minimum number

- Nominee

- shares ownership by trust

One

Yes

Yes

16

Directors:

- minimum number

- ethnic origin and nationality

- status

One

No requirements (the Director can the legal entity)

All rights except those within the exclusive competence of the shareholders (determined by the Articles of Association)

17

Privacy of information about:

- beneficiary

- banking operations

Yes

Yes

18

The necessity  in the territory of incorporation:

- registered address

- registered agent

No

Yes

19

Meetings of:

- shareholders

- directors

No requierements

Obligatory (annualy, any place to hold a meeting)

20

The requirement of:

- the accounting

- preparing the annual report

- submission of the auditors’ opinion

No

No

No

21

The information available upon request of any third parties

Information can be disclosed only on decision of  Nevis High Court

22

The documents kept in registered office

No requirements

23

Double taxation avoidance treaties

Double tax treaty with the United Kingdom

24

Currency control

No

25

Annual government fee

200 USD