Nevis
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The Island of Nevis is located in the Eastern Caribbean with a population of approximately 12,000. Nevis was a British colony until 1983, and joined the Federation of St. Kitts and Nevis.
- Currency: Eastern Caribbean Dollar (EC Dollar). US Dollars are widely acceptable
- Language: English is official and commercial language
- Type of law: Common Law
- Type of company: International Business Company (Offshore exempt company)
- Principal Corporate Legislation: Nevis Business Corporation Ordinance 1984 as amended 2002
- Uses: Commercial and trading activities, subject to trading restrictions as below
- Trading Restrictions: May not engage in the business of banking, assurance, fund and collective investment schemes or any other activity that would suggest an association with the banking or insurance industries .
- Company Name: Restriction: Cannot be in conflict with pre-existing company. Any name that in the opinion of the Registrar is undesirable or suggests an illegal activity or any name that may imply government patronage.
- Language: Any languages that use: Latin Alphabet. The Registrar may request an English translation if a foreign language name is used.
- Suffixes: Name should terminate in the words Limited, Company , Corporation, Incorporated, Sociedad Anonima, Gesellschaft mit beschrankter Haftung on their abbreviations.
- Language of legislation and corporate documents: English
- Taxation: Total tax exemption is automatically provided by law for IBC companies
- Annual license fee: USD 220
- Double Tax Treaty Network: Signed Double Tax agreements with various countries but IBC cannot obtain any treaty relief through them
- Registered Agent/Office: Licensed agent in Nevis must be appointed and the registered address must be maintained in Nevis
- Shareholders: Minimum number: One
- Publicly accessible records: No
- Directors: If number of shareholders is less than three (3), the number of directors may equal the number of shareholder or more.
- Can be corporate or natural person
- Nationality: No restriction
- Publicly accessible records: No
- Location of meetings: No restriction
- Secretary: Required: Yes
- Local or Qualified: No restrictions
- Share capital: Permitted currency: Any
- No minimum or maximum capital requirement.
- Nominative/registered or bearer shares allowed
- Bearer shares must be held by a custodian in Nevis
- Annual Reporting: There is no requirement to file annual returns or to submit any financial statements.