| Main corporate features | |
| General | |
| Type of Company | Nevis BC |
| Type of Law | Common |
| Shelf Company Availability | Yes |
| Company Registration Period | 3 days |
| Corporate Taxation | Nil |
| Double Taxation Treaty Access | No |
| Automatic Information Exchange Agreement | No |
| Share capital | |
| Standard Currency | US$ |
| Permitted Currencies | Any |
| Minimum Paid-Up Capital | US$1 |
| Bearer Shares | Yes |
| Directors | |
| Minimum Number | One |
| Residency Requirement | No |
| Publicly Aсcessible Records | No |
| Board of Directors’ Meeting Location | Anywhere |
| Shareholders | |
| Minimum Number | One |
| Residency Requirement | No |
| Publicly Aсcessible Records | No |
| Place of holding of Meetings of Shareholders | Anywhere |
| Company Secretary | |
| Secretary Appointment | No |
| Keeping of records | |
| Preparation Requirements | Yes |
| Annual Return | No |
| Audit Requirements | No |
| Account Filing Requirements | No |
| Publicly Accessible Accounts | No |
| Recurring Government Costs | |
| Incorporation Fee (regardless of share capital size) | US$ 250 |
| Annual Fee (regardless of share capital size) | US$ 250 |
Corporate Legislation
The modern legislative system is based on the Nevis Business Corporation Ordinance 1984 (as amended).
Type of Company used for International Business and Investments
Nevis Business Corporation
Business Activities
Any activity allowed, except for banking, insurance and trust activity or any other activities that can be prohibited by any current law of Saint Kitts and Nevis.
Obligatory Requirements to Offshore Company
IBC should have a Registered Office and Registered Agent in the Nevis and cannot conduct business operation on the territory of Nevis.
Taxation
The offshore company is exempted from taxes on 100%.
Authorized Share Capital
There is no requirements to the size of authorized share capital.
Standard authorized share capital is USD50,000 divided into 50,000 shares of USD1 USD each .
There is no requirement for payment of share capital.
Bearer Shares
Bearer shares are permitted, but must be kept at the Registered Office of the company.
No par value Shares
Yes.
Shareholders and Directors
The minimum number of Shareholders - one (physical or legal person).
The minimum number of Directors - the number of the directors (physical or legal persons) should be equel to the number of shareholders provided that the number of shareholders is less than three. If the number of shareholders is three or more, the minimum number of directors should be three.
There is no requirement to nationality and residence. One and the same person can be director and shareholder.
Company Secretary
The secretary is not required by law. It is optional.
Provision of Fiduciary Services
Yes.
Disclosure of Information on the Beneficial Owner and Bank Operations
Information is not available to the third parties.
Shareholders/Directors Meetings
Meetings of shareholders and directors can be carried out worldwide.
Filing of Annual Accounts
No.
Filing of Annual Return
No.
Keeping of Documents of the Company
The place of keeping of operational documentation (resolution, minutes of meeting entc) of the company is at the discreation of directors.
The exceptions are registers of directors and shareholders which are kept at the legal address of the company (registered address).
Registration Time Frame
Nevis company can be registered within 3 working days.
Shelf company availability
Available.
Redomiciliation
It is possible "to import" foreign LLC to jurisdiction of Nevis and also Nevis offshore company can be "exported" to other jurisdictions.
General Information
Federation of Saint Kitts and Nevis is a state in the eastern Caribbean Sea, consisting of two islands - St. Kitts and Nevis. These islands make up the smallest state in the Western Hemisphere, both in area and in population. It is a member of the British Commonwealth, headed by the Queen of Great Britain
Nevis Companies are among the most attractive and worthwhile offshore legal structures in the world thanks to the enactment of the International Business Companies Act, 1984.