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THE MAIN CHARACTERISTICS OF NEVIS COMPANY

GENERAL
Type of entity
LLC
Type of law
Common
Shelf company availability
No
Our time to establish a new company
3-5 days
Corporate Taxation
0%
Double taxation treaty access
No
SHARE CAPITAL OR EQUIVALENT
Standard currency
USD
Permitted currencies
Any
Usual authorised
USD 50,000
DIRECTORS
Minimum number
One
Local required
No
Location of meetings
Anywhere
Corporate Directors permitted
Yes
Publicly accessible records
No
SHAREHOLDERS
Minimum number
One
Publicly accessible records
No
Location of meetings
Anywhere
COMPANY SECRETARY
Required
No
Local or qualified
No
ACCOUNTS
Requirement to prepare
Yes
Audit requirements
No
Requirement to file accounts
No
Publicly accessible accounts
No
RECURRING GOVERNMENT COSTS
Annual Renewal Fee
USD 250 (insert minimum annual tax and licence fee)
Licence Fee
USD 200
OTHER
Requirement to file annual return
No

PRESENTATION OF JURISDICTION

Located in the northern part of the Leeward Islands in the Caribbean Sea, Nevis is a former British Colony which became independent in 1983 and joined the Federation of St. Kitts and Nevis.

Nevi’s main revenue used to come from the tourism until a legislation change provided the circumstances for the economy to develop and caught the glaces of many global companies, and offshore services.

The increase of the economy of Nevis has been a revolution for the island increasing the number of:

  • Companies incorporated;
  • International insurance and reinsurance;
  • International banks;
  • Trust companies;
  • Asset management firms.

Still the question our customers ask us more frequently is

INTEREST OF THE JURISDICTION OF NEVIS

Advantages of a company in Nevis

  • 0% corporate tax.
  • No requirement for annual return or other reports.
  • No requirement to file accounts.
  • Legislation based on US Delaware Law with English conventions permitted.
  • No personal income taxes.
  • Easy and speedy registration of companies.

Possible disadvantages of a company in Nevis

  • The lack of public disclosure requirement may hinder proving beneficial ownership or management, however law does provide for the voluntary disclosure of information.

HOW TO
PROCEED

To incorporate or purchase a company the following documentation should be provided:

01

A completed application form signed by the company or by the representative

03

A personal bill, which is less than 3 months old from the date of the application

02

Copy of valid passport

04

Payment of our fees

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

3 days

Incorporation of
a company or purchase
of an existing company

15 days

Delivery of the original
company documents

3 weeks

Offshore Bank: offshore
bank account opening