About Nevis

General Information

Location Leeward Islands	Eastern Caribbean
Size	36 square miles
Population	11, 500
Political Status	Member of Sovereign Federation of St. Kitts and Nevis
Constitution	1983, following independence from Great Britain
Currency	1 EC Dollar = 0.40 US Dollar

Tax Listings

Income tax	resident %: Nil
Resident companies liable for 35% tax on profits unless tax concession has been granted
Non resident %	Nil
Trusts -resident %	Nil
Non-resident %	Nil
Estate duty	No
Corporate tax -resident %	36%
Non-resident %	Nil
Exempt %	Nil
Withholding taxes	No
Tax treaties: Treaty against double taxation. Denmark, New Zealand, Norway Sweden, Switzerland, United Kingdom
Exchange controls -resident	Yes
Non-resident	No
Statutory secrecy: -banking	Yes
Other	Confidential Relationship Act,1985

Trusts

Are trusts permitted?	Yes
What is the perpetuity period?	Defined by Trust Deed
What is the accumulation period?	Defined by Trust Deed
Is there a statutory trust law?	Yes
Is there a trust duty Payable?	Yes

Special Trusts Features

Forced heirship exclusion	No
Asset protection measures	Yes

Disclosure

Trust Register	No
Regulation of Trustees	Yes
Resident trustees required	Yes

Companies

• Resident directors required
• Minimum number of directors required
• Directors meetings required
• Other restrictions/requirements
• Beneficial ownership disclosure
• Shareholder disclosure
• Minimum number of shareholders

• Bearer shares allowed
• No-par Value shares allowed
• Public share register
• Shareholders meetings required
• Frequency
• Place
• Annual return required

• Audit required
• Foreign currency accounting allowed
• Company mobility provisions
• Registered Office
• Registered Agent
• Stamp/capital duty

List of Relevant Statutes

• Nevis Business Corporation Ordinance 2017, as amended.
• Nevis International Exempt Trust Ordinance 2017, as amended
• The Saint Christopher and Nevis Constitution Order 1983.
• The Confidential Relationship Act 1985.
• Nevis Offshore Banking Ordinance 2017.
• Nevis Multiform Foundations Ordinance, 2004.
• Nevis Multiform Foundations Regulations, 2005.

Company Information

• Company law : Nevis Business Corporation Ordinance 2017, as amended.
• Types of companies
• Nevis International Business Corporation (NIBC)
• Company Statutes – as amended.
• Capital requirements : 1, 000 no-par value shares or US$ 100, 000 in par-value shares denominated in any currency.
• Costs to incorporate, excluding fees : US$ 580
• Fees paid to authorities to incorporate : US$ 225
• Total incorporation fee = $ 780
• Annual fees paid to authorities : US$ 225 ( to govt) and $ 250 to Registered Agent
• Taxation : Non-resident companies pay US$ 225 annually as above. Companies operating in Nevis can obtain approved status with tax holidays of up to 15 years or more.
• Method of Incorporation : Registration of Articles of Incorporation (N.B. By-laws are not required to be registered)
• Who may Incorporate : Registered Agent’s Office
• Length of time to Incorporate : One hour
• Company statutes : Articles of Incorporation modeled on Delaware Law with optional English Common Law concepts provided.
• Minimum members : At least one.
• Registered office : Must be in Nevis.
• Directors and Secretary : Normally 3 directors plus secretary; if less than three shareholders the number of directors may equal the number of shareholders.
• Nominee Directors/Secretary possible : Yes
• Meetings : Annual meetings of shareholders required, directors can meet anywhere and by telephone.
• Annual returns : None
• Is disclosure of profit required by filling balance sheet with annual returns : None required
• Exchange control : None
• Companies formed in the last year : No disclosure due to Confidentiality Act
• Number of companies on the company register altogether : As above
• Is Redomiciliation to Nevis possible : Yes
• Is migration out of your country provided for : Yes
• Are International Business Corporations with tax advantages for non-domestic business part of your legislation : Yes – part XIV Section 123 of Nevis Business Corp. Ord 2017 specifically provides for non-domestic activity which may be conducted onshore and retain tax exemption status.