Nevis Companies

Nevis Companies

Longitude and is located in the Leeward Islands approximately 2,000 km southeast of Miami. Mount Nevis lies in the centre of the 92 sq km Island and towers 985 metres. Columbus sighted and named the Island on his second voyage in 1493. The climate is nearly perfect and the variation in altitude and soil conditions creates a natural garden of tropical vegetation ranging from rain to near desert.

Corporate features of Nevis Offshore Company

GENERAL

Type of Company


Political Stability


Common or Civil Law


Disclosure of Beneficial Owner


Migration of Domicile Permitted


Tax on Offshore Profits


Language of Name

NBCO


Good


Common


No


Yes


Nil


Latin Alphabet

CORPORATE REQUIREMENTS

Minimum Number of Shareholders


Minimum Number of Directors


Bearer Shares Allowed


Corporate Directors Permitted


Company Secretary Required


Standard Authorised Share Capital

One


One


Yes


Yes


Yes


No

LOCAL REQUIREMENTS

Registered Office/Agent


Company Secretary


Local Directors


Local Meetings


Government Register of Directors


Government Register of Shareholders

Agent only


No


No


No


No


No

ANNUAL REQUIREMENTS

Annual Return


Submit Accounts

No


No

Advantages

Total tax exemption provided by law for NBCO companies. Legislation based on US Delaware Law with English conventions permitted.

Disadvantages

Proof of beneficial ownership or management is difficult for lack of public disclosure requirement however law does provide for the voluntary disclosure of information.

Company law

Common law based on English Common Law. Nevis Business Corporation Ordinance in 1984.

NEVIS COMPANY FORMATION

Type of company for international trade and investment

Offshore Exempt Company (NBCO).

Procedure to incorporate

By submission of the Articles of Incorporation to the Registrar of Companies, together with the appropriate fee.

Restrictions on trading

Nevis Company incorporated under the Business Corporation Ordinance 1984 may not trade within Nevis, or own real estate there. A company incorporated under the said Act may not engage in the business of banking, insurance, assurance, reinsurance, fund management, collective investment schemes or any other activity that would suggest an association with the banking or Insurance industries.

Powers of company

company formation in Nevis has the same powers as a natural person.

Language of legislation and corporate documents:

English

Name approval required:

Yes

Shelf companies available:

Yes

Time to incorporate

One day

Name restrictions

Any name that is identical to or similar to an existing company. Any name that in the opinion of the Registrar is undesirable or suggests an illegal activity or any name that may imply government patronage.

Language of name

May be in any language that uses the Latin alphabet. The Registrar may request an English translation if a foreign language name is used.

Classes of shares permitted

Registered shares, bearer shares, preference shares, redeemable shares and shares with or without par value.

Bearer shares permitted:

Yes

Taxation

A Nevis offshore exempt company is exempt from local taxation.

Double taxation agreements

Although Nevis does have double tax agreements, a company incorporated under the Nevis Business Corporation Ordinance 1984 cannot obtain any treaty relief through them.

Financial statement requirements

Whilst there is no requirement to submit or file audited financial statements, a Nevis company is required to maintain financial records to reflect the financial position of the company.