Nevis

Due to low prices and service costs, offshore on Nevis is a perfect solution for a small and newly established international business. An offshore company on Nevis is fully exempt from taxes and reporting.

PRICES START AT 1,020 euros

1. GENERAL INFORMATION ABOUT NEVIS

Nevis is an island in the group of Leeward Islands in the Caribbean Sea. It is a part of Federation of Saint Kitts and Nevis with the option of quitting the federation.

Situated tree kilometres south of the Saint Kitts Island and separated from the latter by the Narrows channel; approximately 350 kilometres south-east of Puerto Rico and 80 kilometres west of Antigua.
      •   Population: around 12 thousand.
      •   Total area: 93 square kilometres.
      •   Official language: English.
      •   Currency: East Caribbean Dollar (XCD).

2. ADVANTAGES OF OFFSHORE REGISTRATION ON NEVIS

      •   Low cost of company foundation and low taxes.
      •   English is one of the state languages.
      •   New legislation which is very flexible.
      •   Opportunity for using nominee services.
      •   No requirements for reporting to be submitted.
      •   Maximum confidentiality for owners and directors.
      •   No requirements for the presence of the resident secretary.
      •   No restrictions for trading beyond the borders of the state except for illegal activities or activities subject to additional licensing, for instance, permits for banking or insurance services.
      •   Opportunity for the re-registration of companies of other jurisdictions on Nevis, retaining their names and legal succession.

3. REQUIREMENT FOR OFFSHORE COMPANIES ON NEVIS

As International Business Companies (IBC) are offshore companies, they cannot own real estate on Nevis or sell services of providing a legal address to other companies. International Business Companies are also forbidden to provide any services to Nevis residents. The use of the words “Bank”, “Insurance Company”, “Trust” and “Royal” is also forbidden, but close substitutes of these words can be used.

4. SHAREHOLDERS

* at least 1 natural or legal person (possibility of shares to bearer).

5. DIRECTORS

      •   Only one director necessary that can have any citizenship and be a natural or a legal person.
      •   The director and the shareholder can be the same person.
      •   A nominee can be used for the purpose of confidentiality.

6. REPORTING

* not required.

7. SHARES

      •   Stock capital does not have to be contributed.
      •   No-par value shares or par value shares may be issued.
      •   Shares to barer and transferable shares in any currency may be issued.
      •   Only one shareholder is required. The shareholder can hold any citizenship and be a natural or legal person.
      •   The director and the shareholder can be the same person.
      •   A nominee can be used for the purpose of confidentiality.

8. THE TIME IT TAKES TO REGISTER AN OFFSHORE ON NEVIS

The registration of an offshore company on Nevis normally takes 2–3 business days. Notary certification and apostilling take 1–3 business days, and forwarding documents by courier takes 3–5 business days.

THE REGISTRATION OF AN OFFSHORE ON NEVIS INCLUDES THE FOLLOWING STAGES
      •   Checking and confirming the company name in the registry.
      •   Preparation of and entering information in all the necessary documents (Memorandum and Articles of Association, various resolutions).
      •   Paying the necessary registration dues and charges.
      •   Incorporation of the company in the Companies Registry.
      •   Notarising and apostilling the documents (if necessary).
      •   Delivering the documents to the customer by courier service (DHL, UPS).

DOCUMENTS TO BE SUBMITTED:
      •   Certificate of Incorporation.
      •   Memorandum and Articles of Association.
      •   Appointment of First Director.
      •   Minutes of the First Meeting.
      •   Share certificates.
      •   Register of directors.
      •   Register of shareholders.
      •   Seal.

If the nominal service (the complete package) is used, an apostilled letter of authority, the declaration of trust of the registered shareholder, the dateless letter of the director’s resignation and the share transfer form that has been signed but not filled in must also be submitted. The basic package implies the apostilled Certificate of Incorporation, Memorandum and Articles of Association and the appointment of the First Director.

COST OF COMPANY REGISTRATION ON NEVIS: STARTING FROM 1,020 EUROS (BASIC PACKAGE) *
* All the necessary state duties and other expenses for the first year of operation are included in the cost of the company.

Contact us today!

Call +372 50 54 760 or send e-mail to info@s5i.com