Nevis

Nevis Offshore Exempt Company (NBCO – IBC) Formation

Nevis is a small island in the Caribbean Sea. Nevis and the neighbouring island of Saint Kitts constitute a country, known as, The Federation of Saint Kitts and Nevis. Nevis is a member of the British Commonwealth, after having gained independence from Britain in 1983.

With the Nevis Business Corporation Ordinance Act 1984, Nevis is one of the most convenient offshore company locations, with simple regulations and ease of formation procedures. Nevis has some of the most secure offshore International Business Company Laws in the world, ensuring confidentiality and privacy with low financial risk.

  • Remote handling of all business
  • Flexible Ownership and Management Structures
  • Trust and Corporate entities may act as Directors, Secretaries or Shareholders
  • No residency requirements
  • Residential and Citizenship opportunities Via Investment
  • No Tax on income generated outside of Nevis
  • Re-domicile permitted in and out of the country
  • No limitation on Corporate ownership
  • Sole Director Permitted
  • Plaintiffs are required to post a $25,000 USD Bond in the event of filing an adverse suit in Nevis
  • Privacy
  • Asset Protection
  • Tax Reduction
  • Holding Companies
  • Financial Management
  • Estate Planning
  • International Trading Companies

A Nevis NBCO (IBC) is restricted from conducting business with residents of Nevis or to own real estate in Nevis. There is also a restriction on conducting business in banking or insurance services without the appropriate license being granted.

The establishment of a NBCO, needs to be through a Registered Agent, who is licensed by the Minister of Finance. The proposed company name, Articles of Incorporation, name and address of the registered company needs to be submitted to the Registrar of Companies.

Overview
Company TypeOffshore Exempt Company (NBCO)
Country LawBased on English Common Law and American Corporate Law
Company Law

Limited Liability Company Ordinance 1995

Nevis Limited Liability Company (amendment) Ordinance, 2009

Registered Office RequiredYes
Local Registered Agent RequiredYes
Shelf Companies PermittedYes
Migration Of DomicileYes
Average Time To Form Company2 to 4 Business Working Days
Government Fees
Minimum Government Formation Charge$220 USD
Recurring Minimum Annual Company License Fee$220 USD
Annual Return Filing FeeNot Applicable
Corporate Tax
Corporation TaxNo
Access to Double Taxation TreatiesNo

All Nevis NBCO’s are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.

Directors
Minimum Required Directors1 (Conditions Apply)
Local Director RequiredNo
Records PublicNo
Board Meeting LocationAnywhere in the World
Corporate Directors PermittedYes
Privacy - Publicly Available RecordsNo

If fewer than three shareholders, the number of directors may be equal to the number of shareholders.

The directors may be individuals or corporate bodies and may be of any nationality and resident of any country.

Company Secretary
Secretary RequiredOptional
Local or Qualified PositionNo
Share Capital
Standard Currency

Eastern Caribbean Dollar is the official currency

US Dollar is also commonly used

Permitted Share CurrencyAny
Minimum Paid Up Shares$1 USD
Usual Authorised$1000 USD or $100,000 USD
Bearer Shares PermittedYes
No Par Value Shares PermittedYes
Shareholders
Minimum Number Of Shareholders1 Shareholder
Corporate Shareholdes PermittedYes
Meeting LocationsCan be held anywhere in the world
Privacy - Publicly Available RecordsNo
Company Accounts
Requirements To PrepareYes
Audit RequiredNo
Keep Financial RecordsNo
Requirement To File AccountsNo
Requirement to File Annual ReturnNo
Accounts Publicly AccessibleNo

All Nevis NBCOs are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.

Nevis Facts
Location

Located in the Caribbean Sea,

along with St Kitts forms the Federation of Saint Kitts and Nevis

SizeApproximate area of 93 sq. km
PopulationApproximately 12,106
Languages SpokenMain and Official Language is English
CurrencyEast Caribbean dollar (XCD), however the US Dollar use is widespread
Politics

Parliamentary Democracy

under Federal Constitutional Monarchy

Economy

Main Industries:

Tourism

Offshore Accounting and Financial Services

Transport

Air

Road - Driving on the Left

Boat

Time ZoneUCT -4
International Dialling Code+1-869
Internet TLD.kn

Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.

Nevis NBCO Offshore Exempt Company (IBC) Formation Enquiry

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