Nevis Offshore Company Formation

Nevis International Business Company (IBC) Incorporation 

Nevis Offshore Company Incorporation Products

Includes:

1. Government Registration Fee (First year)
2. Registered Office Address (First year)
3. Registered Agent Services (First year)
4. Company Secretarial Maintenance
5. Certificate of Incorporation
6. Memo & Articles of Association
7. Appointment of 1st Directors
8. Consent Actions of the BOD
9. Share Certificates
10. Register of Directors
11. Register of Officers
12. Register of Shareholders
13. FREE Phone and/or email consultations

 

Nevis Offshore Company Formation Requirements

In order to establish a Nevis IBC, a company must submit:

• the Articles of Incorporation to the Registrar of Companies, which includes
• the name of the company
• name and address of the register company
• appropriate government fee

Once the documents are prepared and collected they are registered online through the Business Registers office, where the documents are checked, filed and completed in a matter of a day or two.

Nevis Offshore Company Taxation

A Nevis offshore company is exempt from taxation on income generated outside of Nevis. Similarly there are:

• No income taxes
• No estate taxes
• No Inheritance taxes
• No Gift taxes
• No Duty taxes
• No Capital gains taxes.
• No Corporate tax
• No Income tax
• No Withholding tax
• No Stamp tax
• No Asset tax

All IBC's are free from all forms of Nevisian taxation. There are no Nevisian taxes on dividends or capital distribution or wages. Moreover, unlike many onshore jurisdictions, Nevis does not tax an IBC for accumulated (but undistributed) earnings. The wealth of your IBC can grow continually and will be free from Nevisian tax.

Nevis Company Corporate Details

Company Shares

A Nevis IBC are allowed barer shares and shares with no par value.

Required Capital

A Nevis IBC has no minimum capital requirement.

Financial Statements Required

A Nevis IBC does not need to file any statements nor are there audit requirements, however a company must keep financial records.

Directors

A Nevis IBC must have a minimum of three (3) Directors, none of which need be a local individual. Corporate Directors are allowed.

Company Secretary

A Nevis IBC must appoint a secretary, which can be an individual or a corporate entity, and does not need be qualified or a local resident.

Shareholders

A Nevis IBC requires a minimum of one (1) shareholder.

Trading Restrictions

An IBC cannot do business within Nevis nor conduct business in real estate and must get a license and proper approval to operate as a banking or insurance business.

Language of Legislation and Corporate Documents

English

Registered Office Required

A registered office must be kept Nevis, though a physical presence is not necessary.

Local Presence

None

Shelf Companies Available

Yes

Time Required to Form Offshore Company

1-2 Business days.

Name Restrictions

Any name that is identical to or similar to an existing company or any name that is deemed undesirable, suggests an illegal activity, or any name that may imply government patronage by the Register.

Language of Name

A Nevis IBC company name may be in any language that uses the Latin alphabet. If the name is in a foreign language the register may request an English translation.

Requiring a Special License or Permission

A Nevis IBC must obtain permission/approval/license if business is engaged in activities related to bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, municipal, Chamber of Commerce, or university.

Permitted Limited Liability Suffixes

Limited, Company, Corporation, Incorporated, Sociedad Anonima or other abbreviations.

Principal Corporate Legislation

The rules and regulations that dictate Nevis offshore company formation and operation are spelled out in The Nevis Business Corporation Ordinance-1984. The Act was updated in 2011 and is currently titled the Nevis Business Corporation Ordinance 2011.

The 1984 Act, Ordinance No. 3 is now referred to as the Principal Ordinance. The latter has been modeled on Delaware corporate statutes and is considered to be one of the most flexible corporate statutes for a tax haven.

Within this ordinance, the regulations are spelled out for the formation of Nevis companies, how the Nevis company registry is maintained and the duties of the office of the Nevis Registrar of Companies.

Re-domiciling Provision

The Nevis corporation law for IBCs allows international portability of companies from their country of origin to Nevis. Known as the 're-domiciling provision'; a corporation in the United States, Great Britain, or any other country can be transferred smoothly and instantaneously to Nevis without any need to change its name or its date of incorporation.

Directors and Shareholder Meetings

Shareholders and directors may act by unanimous consent, without a meeting. Shareholders and directors may issue proxies in writing.

Privacy

All of the affairs of a Nevisian IBC are private and cannot be disclosed except under truly extraordinary circumstances. The only document that needs to be filed with the government is the annual corporate license and this contains minimal information.

There is no requirement than an annual report or annual financial return be disclosed to the government. Nevis does not require any government inspection of your IBC's financial or business records.

 

Bearer Shares

Nevisian corporate ownership can remain completely anonymous via the use of bearer shares. Bearer shares can be issued to a nominee who assigns them to the owners and ownership is completely private.

Be aware, however, that Bearer Share Companies, in general, open themselves up to more scrutiny and a strong indication of possible wrongdoing can be assumed if the company in question gets into legal difficulties.

This is why we recommend the Nevis IBC to be set up with registered shares that are owned by the Foundation. It sends a very strong message to any would be litigant or creditor.

Read our Panama Foundation & IBC Combination Options article for further information about the bulletproof strategy of utilizing an IBC combined with a Foundation.

Exchange Control

There are no exchange controls in Nevis for offshore companies locating in or investing in the country. An offshore company investing in the Nevis economy is known as an International Business Corporation, or IBC.

Nevis does have exchange controls in place that are applied to the Currency Board Arrangement established within the Eastern Caribbean Currency Union, but these controls do not apply to offshore companies.

Annual Government Fee

USD$200

Nevis IBC Company Incorporation with Offshore-protection

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