Company Formation Nevis
Nevis is situated at 17o north and 52o west and is in the Leeward Islands approximately 2,000 km south-east of Miami. Mount Nevis lies in the centre of the 92 sq. km Island and towers to 985 metres. The population of Nevis is 8,500 with 35,000 living in the neighbouring island of St. Kitts.
Nevis is widely renowned for being one of the oldest offshore financial centres. Yet, despite its established status, the question often asked is: where is Nevis located? Nevis Island is situated in the northeastern part of the Caribbean. Together with Saint Christopher Island, it forms an independent nation, the Federation of St. Kitts and Nevis.
WHY REGISTER YOUR BUSINESS IN NEVIS
The main reasons for registering a company in Nevis are the absence of taxes, privacy and asset protection.
Firstly, Nevis is a well-known tax haven. Favourable taxation is an excellent reason to consider a Nevis company formation. There is no corporate tax, capital gains tax, VAT or withholding tax on Nevis business income. The environment in Nevis is very business-friendly, with many legal, accounting and financial professionals residing on the island.
The second reason to incorporate an offshore company in Nevis is the strong privacy laws. St. Kitts and Nevis offshore companies are not obliged to disclose information about their directors, shareholders and beneficial owners to the public. Moreover, there is the option of using nominee services, which are very common in Nevis, to enhance privacy even further.
Nevis stands out as a leading Caribbean offshore financial centre due to its asset protection laws. A Nevis offshore trust is very well protected from foreign judgments and creditors. For these reasons, it is very popular worldwide. Furthermore, the formation of Nevis trust is quick and straightforward. A professional trust company and lawyers are always available to assist you in drafting a trust deed that will suit your particular situation. A Nevis trust cost depends greatly on the size of the trust property and the complexity of the trust structure.
Nevis’s banking sector is well developed and caters to the needs of the offshore financial industry. Among the leading banks, there are Nevis International Bank and Trust, Hamilton Reserve Bank and RBC Royal Bank of Canada.
HOW TO REGISTER A COMPANY IN NEVIS
To incorporate an offshore company in Nevis, the following CDD documents are required:
- Certified copy of passport for all directors, shareholders and beneficial owners
- Certified proof of address for all directors, shareholders and beneficial owners
- CV of beneficial owner
- Reference letter from a banking institution, notary, attorney or auditor
- Completed and signed KYC form
TYPES OF BUSINESSES YOU CAN REGISTER IN NEVIS
According to Nevis legislation, it is possible to establish the following types of offshore companies in Nevis:
- Nevis Business Corporation (NBCO); and
- Limited Liability Company (LLC).
A Nevis company is the best option for the following business activities:
- Asset protection
- Holding company
- International trade
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