Nevis Offshore Company

The islands of Nevis, St. Kitts and Anguilla were settled by the British is 1623. The main industries are agriculture, tourism and financial services. The language is English and the currency the Eastern Caribbean dollar. United States currency circulates freely. The State of St. Kitts and Nevis is a parliamentary democracy. The Head of State is the British monarch who is represented on the Islands by the Governor General. The National Assembly is directly elected and the Prime Minister is the leader of the party that wins the election.

The financial services industry is concentrated on the island of Nevis and came into being with the passing of the Nevis Business Company Ordinance 1984. This was followed by the Nevis Limited Liability Ordinance 1995 and further legislation covering banking, insurance and fund management. In 1999 further legislation required any business wishing to engage in the formation and management of companies and trusts must be licensed to do so. The finance sector is supervised by a Government Department, the Regulation and Supervision Department.

The form of corporate vehicle used by non-residents is the Nevis Offshore Exempt Company. The company has all the powers of a natural person but is not permitted to trade in Nevis or to own real estate there. The Nevis Offshore Company must have a Registered Agent in Nevis but, except for this, the directors and officers can reside and run the company from anywhere in the world. There is no disclosure of beneficial interest.

Nevis offshore company regulations

Type of entity NBCO
Type of law Common
Corporate taxation Nil
Double taxation treaties available No
Share Capital
Usual currency U.S.$
Permitted currencies Any
Minimum paid up $1
Usual authorised Either $10,000 or $100,000
Minimum number 1
Local resident required No
Records publicly available No
Corporate Director allowed Yes
Shareholders / Members
Minimum number 1
Records publicly available No
Location of Meetings Anywhere
Company Secretary
Required Yes
Local or qualified No
Required Yes
Audit required No
Filing required No
Publicly available No
Annual return required No
Change of domicile permitted Yes
Shelf companies available Yes
Time to incorporate shelf co 2-3 working days
Time to incorporate new co 3-5 working days