| GENERAL INFORMATION |
| |
| Location |
Northern sector of the Leeward Islands chain |
| Population |
Appxoximately 10,000 |
| Native language |
English |
| Currency |
Eastern Caribbean dollar (ECD) |
| Constitution & Political status/stability |
1983 - Post independence, democratic country. Politically stable |
| Banking & professional facilities |
Nevis has one offshore bank and several international,
regional, and local banks. Also, there are several highly trained
lawyers, accountants, bankers, and other professionals |
| Legal system |
Based on English Common Law |
| Offshore specialities/expertise |
Several trust and asset management companies are
available with experienced professionals who assist and consult
offshore investors |
|
| TAX REGULATIONS |
| |
| Income tax |
|
 resident |
None |
| non-resident |
None |
| Trusts |
|
| resident |
0% |
| non-resident |
0% |
| Corporate tax |
|
| resident |
37% on profits |
| non-resident |
|
| Estate duty |
No |
| Withholding taxes |
No |
| Exchange controls |
|
| resident |
None |
| non-resident |
None |
|
| TRUSTS |
| |
| Are trusts permitted? |
Yes |
| Perpetuity period |
100 years |
| Accumulation period |
100 years |
| Statutory trust law |
Yes, Nevis International Exempt Trust Ordinance 1994 |
| Trust duty |
No |
| Forced heirship exclusion |
Yes |
| Asset protection measures |
Yes |
| Trust register |
Yes, but not accessible to general public |
| Resident trustee/s required |
Yes, local company authorised to provide trust services |
| Regulation of trustees |
Yes |
|
| CORPORATION LAW FACTORS |
| |
| Type of corporate vehicles |
Nevis Business Corporations and Limited Liability Companies |
| Incorporation time scale |
1 day |
| Fees: Incorporation - Government |
Business Corporations: EC$594 (US$220), Limited Liability Companies: ECS594 (US$220) |
| Other |
Vary |
Annual -
Government |
N/A |
| Other |
N/A |
| Resident directors required |
No |
| Min number of directors required |
3 |
| Directors meetings required |
Yes |
| Beneficial ownership disclosure |
No |
| Shareholder disclosure |
No |
| Minimum number of shareholders |
1 |
| Bearer shares allowed |
Yes but beneficial owners are required to be registered with a Registered Agent |
| No-par value shares allowed |
Yes |
| Public share register |
No |
| Shareholders meetings required |
Yes |
| Frequency |
Anytime |
| Place |
Anywhere |
| Annual return required |
No |
| Audit required |
No |
| Foreign currency accounting allowed |
Yes |
| Registered office |
No |
| Registered agent |
Yes The Trust Company of the Marshall Islands, Inc. is the sole registered agent |
| Stamp/capital duty |
No |
| Naming your company |
The registered agent is responsible for checking and
clearing a name with the registry. The name should neither duplicate
nor be similar to an existing name already on the register. Once there
is no duplication or close similarity, the name will be available for
use in the incorporation of a company |
| Company mobility provisions/redomicility rules |
Law permits transfer of domicile
into Nevis and outside of Nevis. There is also allowance for emergency
transfer of domicile to Nevis |
