St Kitts & Nevis

 

Nevis

Nevis is an island in the Caribbean Sea. It is located near the northern end of the Lesser Antilles Archipelago about 350 km east-southeast of Puerto Rico and 80 km west of Antigua. The 93 km² island is part of the inner arc of the Leewards Islands chain of the West Indies. The capital of Nevis is Charleston.

Nevis and the island of Saint Kitts to the northwest form the Federation of St. Kitts & Nevis. The two islands are separated by a shallow two-mile (3.22 km) channel known as “The Narrows”. Nevis is conical in shape with a volcanic peak known as Nevis Peak at its centre.

The major source of revenue for Nevis today is tourism. The introduction of new legislation has made offshore financial services a rapidly growing economic sector in Nevis. Incorporation of companies, international insurance and reinsurance, as well as several international banks, trust companies, asset management firms, have created a boost in the economy.

Incorporation

Type of company: NBCO

Who can incorporate: Registered agent licensed in Nevis

Time to incorporate: approx. 3-5 days

Shelf company availability: Yes

Taxation: A Nevis offshore exempt company is exempt from local taxation.

Minimum annual government fee: US$220 (excluding taxation)

Disclosure of beneficial owner: None

Bearer shares: a licensed custodian in Nevis must hold Bearer shares.

Standard minimum paid up: US$1

Standard authorised capital: Authorized capital of US$50,000 divided into 50,000 registered shares of US$1.00 each is considered as the standard authorized capital

Permitted currency of capital: Any

Minimum number of shareholders: One

Minimum number of directors: One

Corporate directors: Yes

Local directors: Not required

Company secretary: Optional

Company seal: Required

Public record of directors & shareholders: No

Location of directors and shareholders meeting: No

Telephone board meeting: Permitted

Access to Double Tax Treaty: None

Requirement to file account: No

Requirement to keep account: Yes

Requirement to file annual return: No

Change in domicile: Permitted

Local registered office address: Registered office address must be located in Nevis. Each company must also have a local registered agent authorized by the Nevis government to represent the company.

Data Sheet

Nevis BCO Corporate Data Sheet – Summary

Type of companyNBCO
Common or civil law jurisdictionsCommon law
Shelf company availabilityYes
Time to incorporateApproximately 5 days, subject to name approval
Min. annual duty or franchise feeLevied
Annual return filling feeNil
TaxationExempted
Disclosure of beneficial ownershipNone
Bearer sharesPermitted
Standard minimum paid up capitalUS$1
Standard authorised share capitalAuthorized capital of US$50,000 divided into 50,000 registered shares of US1.00 each is considered as the standard authorized capital
Permitted currency of capitalAny
Minimum number of shareholders1
Minimum numbers of directors1
Corporate directorsYes
Local directorsNo
Company secretaryOptional
Company sealRequired
Public record of directorsNo
Public record of shareholdersNo
Location of directors meetingAny where
Location of shareholders meetingAny where
Telephone board meetingPermitted
Access to Double taxation treatyNone
Requirement to file accountNo
Requirement to keep accountYes
Requirement to file annual returnNo
Change in domicilePermitted
Local registered addressRegistered office address must be located in Nevis. Each company must also have a local registered agent authorized by the Nevis government to represent the company.
Who can incorporate?Registered agent licensed in Nevis

Banking Options

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