News: Registration of Company in Nevis Corp

How to register company in Nevis

Nevis is a member of the Federation of Saint Kitts and Nevis. Quiet and comfortable Nevis is located south of Saint Kitts, 350 km from Puerto Rico and 80 km from Antigua.

It is interesting that the government prohibits construction of buildings in Nevis which height exceeds the height of palms. Therefore, the maximum number of floors of local buildings is two.

Historians considers that the name of the island was given by Christopher Columbus in 1493. Nowadays, the island is one of the most popular resort regions of the world.

Numerous visitors are attracted by the rich fauna, flora, reefs and other natural beauties. Naturally, Nevis attracts the attention of many investors who tend to register offshore company in Nevis.

The population of Nevis is approximately 12 thousand people.

The territory of the island is approximately 93 km2.

The official language is English.

The East Caribbean Dollar is the monetary unit of Nevis.

The Federation of Saint Kitts and Nevis is part of the British Commonwealth and is signatory to the Hague Convention.

Offshore Registration in Nevis - Advantages

• Low cost of company registration in Nevis;
• One of the state languages is English;
• Flexible contemporary legislation;
• Possibility of applying nominal service;
• There is no need to submit reporting;
• Guarantee of maximum confidentiality for shareholders and directors;
• The presence of resident secretary is not necessary;
• All legal types of commercial activities are allowed;
• The possibility of re-registration of companies from any other jurisdictions, with the preservation of the name.

Forms of doing business in Nevis

The type of company on Nevis used for international business is the Nevis Business Corporation.

The legislative framework of Nevis

The Laws "On Business Corporations" and "On Limited Liability Companies" regulate the activities of companies in Nevis.

Registration of offshore company in Nevis - Main provisions

The company can be engaged in any legal type of activity. Trust, banking, insurance, and reinsurance activities are subject to licensing.

The company should have registered office, as well as registration agent in the territory of jurisdiction.

The name of the company should include the words Limited, Incorporated, Corporation, Limited Liability Company, and such abbreviations as Ltd, Inc., Corp., LLC.

There are no requirements to pay minimum charter capital.

The amount of the authorized capital equals to $ 50,000.

The issue of bearer shares is allowed, and they are stored in the registered office of the company. It is also possible to issue shares without par value.

The company shall have at least one shareholder and director. And the same person can perform both functions. Residence does not matter. At the same time, the Nevis corporation should have from 3 directors. It is allowed to have less number of them, if there are less than three shareholders, but in any case their number shall be no less than the number of shareholders.

The presence of nominee directors and shareholders is allowed.

The information concerning beneficial owner and banking operations of the company in Nevis is confidential. Its disclosure is possible only upon the court decision.

Meetings of shareholders and directors can be held anywhere in the world.

The company's participants can store documents anywhere.

There is no currency control.

After submitting documents, the registration of offshore company in Nevis takes about 2 weeks.

Taxes in Nevis

Non-resident company in Nevis is completely exempted from paying taxes if it does not conduct activities in the territory of Nevis.

Bookkeeping in Nevis

The company in Nevis is not obliged to maintain accounting records, submit annual report and auditor's report.

Apply for our help in order to register or buy company in Nevis. And then registration of business in Nevis will take the shortest possible time. Registration of companies, trusts, corporations is one of the most important directions in our work.