Monday, 26 June, 2017
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Nevis
  • Nevis is a member of Federation of St. Kitts & Nevis, which is an independent state located in the Lesser Antilles archipelago in the Caribbean. The other member of the federation is Saint Kitts. Both islands are separated from each other by a channel that is about 1 km wide.
  • The Federation was established in 1983 when Nevis, a former British colony, became independent and participated in the creation of the sovereign state of Saint Kitts and Nevis.
  • Although Saint Kitts and Nevis are a single state, there are some differences between the corporate legislation of both members of the Federation. Nevis has the most favourable corporate and tax legislation so the absolute majority of international business companies are incorporated there.

GENERAL INFORMATIONTotal area - 93 sq km
Population - 12,000
Location - click here to see the map of offshore jurisdictions
Political status - member of federation
Capital - Charlestown
Official language - English
Official currency - Caribbean Dollar (XCD)
Time zone - GMT - 4
Company typeNevis Business Corporation (NBCO)
Directors/OfficersNevis Business Corporation requires a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction.
Each Nevis Business Corporation must file a Register of its Directors with the local Registered Agent.
ShareholdersNevis Business Corporation requires a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Nevis Business Corporation must file a Register of its Shareholder/s with the local Registered Agent.
SecretaryThere is no statutory requirement for a Company Secretary to be appointed.
Authorised share capital Standard authorised capital = USD 5,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation.
Company Names The name of a Nevis Business Corporation must end with the words "Incorporated", "Limited", or suffixes such as "Inc.", "Ltd.", "GmbH", "S.A.", etc.
Company names containing restricted words such as "Bank", "Insurance", "Trust", "Assurance", "Imperial", "Royal" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual ReturnThere is no requirement to file an Annual Return.
Filing of Financial StatementsThere is no requirement to file Financial Statements for Nevis Business Corporation.
Corporate TaxationNBCO companies are not subject to corporation tax in Nevis.
Tax TreatiesAs NBCO companies are not tax residents of St. Kitts and Nevis, they are not entitled to take advantage of Double Tax treaties concluded by St.Kitts & Nevis with other countries.
Timeframe for incorporation 4/5 working days. A complete set of company documents can be delivered in 5/6 weeks.
Takeover of management & secretarial services for an existing Nevis BC companyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Nevis.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesWe are happy to register new company in this jurisdiction in accordance with client instructions.
Price of Nevis BC companyEUR 1,420, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 890 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • Nevis is a classic offshore jurisdiction which offers broadly the same corporate and fiscal conditions as its main competitors such as British Virgin Islands or Belize.
  • Currently, the British Virgin Islands and Belize are more popular than Nevis due to their more developed marketing and promotion strategies. This contributes to the global popularity of their corporate services. However, it should be noted there are no substantial differences in the corporate and tax legislation of these jurisdictions.