Nevis Offshore Company

Nevis Offshore Company Incorporation

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Nevis Offshore Company Formation
Nevis
Year 1:
£599
Year 2:
£499
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Nevis Company Formation

Brochure Download: Nevis Company Formation

Schuss & Co. offers Nevis offshore company formation and management services. Nevis offers an attractive alternative to BVI as a fully tax-exempt jurisdiction, with no capital-gain tax, capital transfer tax or value added tax. Nevis offshore companies offer strong levels of privacy and information confidentiality. No financial returns or accounts are required to be filed in Nevis.

We can have your Nevis offshore company incorporated within 2 business days and we can provide professional directors and nominee shareholders on your behalf should you require them. We can also assist you with opening bank accounts and help in the ongoing management of your company.

Read through the jurisdiction overview of Nevis below for more information on why Nevis is an ideal location for your offshore company structure. The PDF brochure provides a downloadable introduction to a Nevis offshore company. If you are unsure about which jurisdiction is best suited to your needs or would like advice on any of our services, please contact us for a confidential discussion with no commitment.

Geographical Overview

Known as “The Queen of the Caribbean” in reference to her breathtaking beaches, Nevis is located in the Leeward Islands, around 200 miles south of Costa Rica and to the west of Antigua with a total area of 261 sq km in area and a population of 40,000. The climate is tropical, tempered by constant sea breezes and little seasonal variation.

A British colony since 1628, Nevis became independent in 1983 when it joined the Federation of St. Kitts and Nevis. The federation is an active member of both the British Commonwealth and the United Nations, with a democratic system based on the British Parliamentary system, featuring a local elected assembly.

Economic Overview

Although sugar dominated the agricultural sector until 2005, activities such as tourism, export-oriented manufacturing, and offshore banking have assumed larger roles in the economy. GDP growth was good in 2004 and 2005, but while St Kitts & Nevis was one of the stronger Caribbean economic performers in 2007 and 2008, with growth of 3.2% in 2008, the IMF has predicted that the economy will contract by 1.2% in 2009. The Federation’s currency is the East Caribbean dollar, pegged at 2.7 to the US dollar.

St Kitts and Nevis has offshore legislation as a Federation, but so does Nevis independently. On the whole, St Kitts focuses on attracting inward industrial and tourist investment, while Nevis concentrates more on offshore asset protection. Nevis has been particularly successful with its LLC (Limited Liability Company) legislation.

The main expenditure undertaken by the Government is on the education of its nationals, who currently enjoy a literacy rate of 96%. The combination of a high employment rate, low crime rate and political stability makes Nevis an extremely reliable jurisdiction.

Taxation Overview

Nevis offers an attractive alternative to BVI as a fully tax-exempt jurisdiction, with no capital-gain tax, capital transfer tax or value added tax.  Nevis companies are incorporated under the Nevis Limited Liability Ordinance Act of 1995 as amended, offering strong levels of privacy and information confidentiality. No financial returns or accounts are required to be filed in Nevis.

Key Features

  • IBC is equivalent of a domestic, private LLC, but has the advantage of exemption from statutory taxation and financial reporting and disclosure requirements
  • No personal or corporate taxes of any form are levied on income derived from outside Nevis
  • A minimum requirement of one director and one shareholder only
  • Bearer shares admissible
  • No requirement for filing or auditing of annual accounts or returns
  • Banking and insurance are the only restricted business activities
  • Public access to company records restricted to agent details and incorporation articles
  • Free repatriation of profits and capital, no exchange controls
  • Nevis is not party to EU savings tax directive

Political and Economic Stability

  • High

Legislation

  • IBC legislation is a convenient vehicle for international business

Taxation

  • Tax exempt

Time

  • 2 working days