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Nevis
 
General data
Nevis is located in the eastern part of Caribbean Sea Basin. Legislative drafting of Nevis is based on the law of England. Official language – English. Monetary unit – East Caribbean dollar. Taxation
Nevis tax exempt Offshore Company is exempted from all taxes on income (gained on the territory of Nevis). There is no currency control. Contracts made to avoid double taxation
In spite of the fact that Nevis has made contracts to avoid double taxation with many states (Denmark, New Zealand, Sweden, Switzerland, Great Britain), companies registered according to Business Corporation Ordinance (1984) are not exempted from taxes. Legislation related to entrepreneurship
Nevis Business Corporation Ordinance 1984, which is similar to the law of the state of Delaware of United States of America. Types of companies
Nevis Tax Exempt Offshore Company (NBCO). Fixed capital of a company
Fixed capital of a company must be declared, there are no requirements for obligatory payment of capital and minimum and maximum limit of the capital. Minimum amount of shares issued by a company includes one share without nominal value or one share with nominal value. Fixed capital usually includes 1000 (one thousand) shares without nominal value or shares with nominal value of 100 000 USD. Permitted are also bearer shares. Permitted field of activities
All field of activities, which are not forbidden by law, are permitted. Bank services, insurance services and reassurance services and also offer of trust services is licensed. Forbidden field of activities
A company must not trade on the territory of Nevis and acquire the real estate there. State annual fee
200 USD. Foundation of a company
Minimum amount of shareholders is 1 (one). Permitted are also nominal shareholders. Founders of a company
Minimum number of shareholders is 1 (one). Information about the owners of a company is confidential. Nominal shareholder may be a registered agent, who is entered in Memorandum and Articles of Association and has a local license. Details related to shareholders do not appear in public information, however the list of shareholders (nominal shareholders) must be at the address of a registered office of a company. Requirements to a business name
Business name of a company may be in any language using Latin alphabet. The register may require translation of a name into English. Name cannot be similar to already registered name. For the following names or names arising thereof: Bank, Building Society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, municipal, Chamber of Commerce, univercity the corresponding permit or license is needed.
Name of an Offshore Company must end with a word or abbreviation, which indicates limited liability of a company: Limited Company, Corporation, Incorporated, Sociedad Anonima, Gesellschaft mit beshränkter Haftung (Ltd., Corp., Inc., GmbH, SA). Directors of a company
Minimum required number of directors is 3 (three) – if there are 3 (three) or more shareholders in a company. If the number of shareholders is less than three, the number of directors must be equal to the number of shareholders. Directors may be both natural persons (with any citizenship) and legal persons, who must not be residents of Nevis. Secretary of a company
One secretary is required, who must not be the resident of Nevis. Meeting of shareholders/ directors
Meeting of shareholders/ directors may take place in any state and not less than 1 (once) annually. Registered office
Company must have the registered office address in Nevis. Period of registration of a company
2 (two) weeks. Presentation and audit of financial and annual statements
Presentation of financial statements and auditor’s report is not required. Companies are still obliged to make accounting notes which would reflect financial status of a company. Documents kept in the registered office
List of shareholders, directors and secretaries. Information about a company available for the third persons
List of shareholders, directors and secretaries.
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