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.
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.
|Type of company||NBCO|
|Common or civil law jurisdictions||Common law|
|Shelf company availability||Yes|
|Time to incorporate||Approximately 5 days, subject to name approval|
|Min. annual duty or franchise fee||Levied|
|Annual return filling fee||Nil|
|Disclosure of beneficial ownership||None|
|Standard minimum paid up capital||US$1|
|Standard authorised share capital||Authorized 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 capital||Any|
|Minimum number of shareholders||1|
|Minimum numbers of directors||1|
|Public record of directors||No|
|Public record of shareholders||No|
|Location of directors meeting||Any where|
|Location of shareholders meeting||Any where|
|Telephone board meeting||Permitted|
|Access to Double taxation treaty||None|
|Requirement to file account||No|
|Requirement to keep account||Yes|
|Requirement to file annual return||No|
|Change in domicile||Permitted|
|Local registered 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.|
|Who can incorporate?||Registered agent licensed in Nevis|
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How can I get more information on company formation in Nevis?
Please contact us if you wish to open a company in Nevis and we will be pleased to discuss your Nevis offshore company formation matters in greater detail.