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Nevis Offshore Company Formation

Nevis Offshore International Business Company (IBC)

Overview of a Nevis International Business Company (IBC)

A Nevis offshore company, or International Business Company (IBC) is an extremely flexible jurisdiction for potential individuals and business seeking to incorporate offshore.

Nevis, together with St. Kitts, is part of the Leeward Islands in the Southern Caribbean; the two islands make up the smallest state in the New World. Nevis offers a world-class infrastructure for corporate offshore services, as well as appealing retirement and residency incentives in an idyllic tropical location, making it an attractive jurisdiction for offshore businesses.

Nevis has rapidly become one of the most convenient and favoured offshore company locations in the world, through the enactment of the Nevis Business Corporation Ordinance Act 1984. The accommodating and open offshore environment has made Nevis IBCs an exceptional product due to simple offshore regulations and ease of formation procedures.

Nevis, now part of the British Commonwealth (achieving independence from Britain in 1983), offers a stable political environment and a well-educated and English speaking workforce. The country boasts having some of the most secure IBC laws in the world, which ensure client confidentiality and privacy with low financial risk, making Nevis a top destination in the offshore market.

For more information on the Advantages of Nevis as an Offshore Financial Center, click here.

Key Corporate Features of a Nevis IBC

Nevis Company Corporate Details
General  
Type of Entity Offshore Exempt Company (NBCO)
Type of Law British Common Law
Governed by Business Corporation Ordinance 1984
Registered Office in Nevis Yes
Shelf company availability Yes
Our time to establish a new company 1-2 Business days
Minimum government fees (excluding taxation) USD $200
Corporate Taxation No
Access to Double Taxation Treaties Yes
Share capital or equivalent  
Standard currency Eastern Caribbean Dollar
(Pegged to the USD 1 = XCD 2.7)
Permitted currencies Any
Minimum paid up USD $1
Usual authorized USD $50,00
Bearer shares allowed Yes
No par value shares allowed Yes
Directors  
Minimum number Three
Local required No
Publicly accessible records No
Location of meetings Anywhere
Corporate directorship allowed Yes
Shareholders  
Minimum number One
Publicly accessible records No
Corporate shareholder allowed Yes
Location of meetings Anywhere
Company Secretary  
Required Yes (Individual or corporate entity)
Local or qualified No
Accounts  
Requirements to prepare Yes
Audit requirements No
Requirements to file accounts No
Publicly accessible accounts No
Recurring Government Costs  
Minimum Annual Tax / License Fee USD $200
Annual Return Filing Fee No
Other  
Requirement to file annual return No
Migration of domicile permitted Yes

Advantages & Top Uses of a Nevis Corporation (IBC)

A Nevis IBC can be made for any legal purpose and for any legal activity. Some of the more popular uses for a Nevis offshore company include, but are not limited to:

  • Estate planning
  • Asset protection and confidentiality
  • Tax reduction planning
  • Holding company
  • Financial management

However, a Nevis-based IBC is limited from conducting business within Nevis or in the real estate market, as well as in banking, insurance, fund and collective investment sectors.

Advantages

There are a number of advantages in forming an offshore company in Nevis. A Nevis IBC offers:

Remote Access

There is no need for you to be on Nevis to conduct the affairs of your IBC. Banking, contract signing, and investing can all be handled remotely and remain in compliance with Nevisian law

Flexibility of Ownership and Management Sructure

There are no residency requirements for Directors, Shareholders or Officers. Corporate or Trust entities may act as Director, Secretary or Shareholder.

Citizenship and residential opportunities

Nevis offers citizenship opportunities through its Citizenship by Investment Program. Similarly their Citizenship by Residency Program has been in effect since 1984 and claims to have a very high approval rating, the citizenship process taking less than 6 months. There are no dual-citizenship restrictions and no tax requirements for individuals who decide to take up residence. Both citizenship and residency bring with them generous incentive packages as well as being able to reside in most other Caribbean countries.

Confidentiality and Privacy

The government of Nevis has exhibited a total commitment to maintaining the privacy and protection of those involved in legitimate business practices. Neither Nevis nor St. Kitts have been tainted by reports of money laundering or tax evasion unlike a number of other offshore jurisdictions.

Tax Incentives

A Nevis offshore company is exempt from taxation on income generated anywhere in the world outside of Nevis. There are no income taxes to be paid, nor are there estate, inheritance, gift, duty, or capital gains taxes. Similarly, there are no corporate tax, income tax, withholding tax, stamp tax, asset tax, exchange controls or other fees or taxes are levied in Nevis on assets or income originating outside of Nevis.

Other advantages include:

  • Re-domiciliation of other foreign companies into and out of Nevis
  • There are no limitations on corporate ownership.
  • Plaintiffs in adverse suit being brought in Nevis would be required to post a $25,000 bond.
  • Nevis permits sole director IBC's

Nevis IBC Company Formation with Offshore-protection

Join thousands of satisfied clients who have experienced the Offshore-Protection.com advantage for more than 18 years. When you purchase any offshore company formation products, you'll get FREE support from our lawyers to help answer your overseas company day-to-day management questions.

Start the Nevis Incorporation process with Offshore-Protection today. Order a Nevis IBC with or without a bank account. Click on the LET'S GET STARTED button below.  

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