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:

Who should choose Nevis Company and for which activities?

Who?

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

Which activities?

  • International trade;
  • Inheritance tax purposes;
  • Holding of intellectual property rights (IP);
  • Ownership of movable and immovable property;
  • E-Commerce.

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.

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:

  • A completed application form signed by the company or by the representative;
  • Copy of valid passport;
  • A personal bill, which is less than 3 months old from the date of the application;
  • 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:

  • Incorporation of a company or purchase of an existing company: 3 days;
  • Delivery of the original company documents: 15 days;
  • Offshore Bank: offshore bank account opening: 3 weeks.