Type of Company – International Business Company (IBC).
Legislation – Nevis Business Corporation Ordinance 1984.
Company name - A company name must end with Limited, Company, Corporation, Incorporated, Sociedad, Anónima, Gesselschbeshränkter Haftung or their abbreviations.
Time-scale for incorporation - 1 to 2 days.
Disclosure of beneficial owners prior to incorporation is not required for the Nevis Authorities.
Double tax treaties - Although some agreements are in existence, an NBCO cannot obtain any treaty relief through them.
Ready-made companies are available.
Money laundering legislation is in existence.
Local Requirements
Registered Office and Registered Agent must be maintained.
Company Secretary is required and may be a natural person or corporate body residing in any country.
Public recording of shareholders and directors is not required.
Accounts are not required for public filing.
Corporate Requirements
Minimum number of shareholders - One (1). May be a natural person or a corporate body and can be of any nationality or residency.
Minimum number of directors - Three (3). May be natural persons or corporate body and can be of any nationality or residency. However, if there are less than three shareholders, the number of directors may be equal to the number of shareholders.
Minimum capital requirement - None
Standard Authorised Capital - US$100,000.
Bearer shares are allowed, subject to be held by an approved custodian in Nevis.
Annual Requirements
Annual return and annual statutory meetings are not required.
Statutory accounting is not required.
Annual Government filing fee of US$220 is due on the anniversary of incorporation. Penalty fees are imposed for late payments.
