Nevis Company Formation
Island of Nevis is the 93 square kilometres island located in the Eastern Caribbean. At earlier ages, on account of being richest and most developed island, Nevis was known as the Queen of the Caribbean. Nevis got independence in 1983 and since then it has maintained the political stability by following Westminster model of governance. Major source of national finance is tourism and offshore market. As of speak now, Nevis is now known as the predominant trust and company jurisdiction in the world with progressive mature and modern international financial centre. On the basis of all these reasons, Island of Nevis enjoys stability, modern legislation and financial integrity in the country.
As per Nevis legislation, the company incorporated as the Limited Liability Company can be used for any commercial or professional purpose anywhere in the world or outside of Nevis. For example; real estate holdings, investment vehicles for offshore trusts and manufacturing concerns. Limited liability companies are different from other corporate entities and gives incorporator, the alternative to corporations and partnerships. They give corporate advantage of limited liability and partnership advantage of pass through taxation immunity. As the definition is different so as would be some other matters such as officers of the limited liability company will be considered as company’s member, rather than being director or shareholders of the company.
Requirements for Incorporation
There are certain requirements to incorporate a company in Nevis, details of which is given below:
There is a minimum requirement of one director and none of the appointed directors need to be the resident of Nevis. Corporate directors are allowed to be appointed. There is neither the requirement to hold director’s meeting nor to maintain and keep public director’s register. Even if meeting is needed to be held then there is no restriction on the location of meeting, where the number of shareholders is less than the number of directors.
There is a minimum requirement of one secretary and none of the appointed secretaries need to be the resident of Nevis. Corporate secretaries are allowed to be appointed. There is no requirement for the secretary to hold any professional qualification.
There is a minimum requirement of one shareholder in order to incorporate a company in Nevis. Corporate shareholders are allowed to be appointed. There is neither the requirement to maintain and keep public shares register nor par value of shares are permitted. Authorised share capital is usually 100,000 shares with value of USD 1 each. It is allowed to have bearer shares.
Please refer to fee schedule section for proper guidance on incorporation fee. Generally, incorporation fee includes:
Once you get incorporated, this is what you’ll get:
It generally takes 1-2 weeks to incorporate a company in Nevis.
Offshore Bank Account
For the offshore bank account please see our fee schedule section.
A registered agent for the company incorporation is required. There is no need to declare beneficial ownership of the shares to authorities, where all or some shareholders are nominees. In addition to this, annual return of the company is also required.