Main Characteristics and the basic rules of Company registration in Nevis
Sometimes, you may have to choose the less trodden path in life and the same may happen for career too. While most entrepreneurs choose large and popular countries for business expansion, you may walk the less travelled path. Based on your company services and products, and monetary range- sleeting a small and relatively lesser known country can be viable. You may choose Nevis- a small island country- a part of Nevis and St. Louis. It is not far from Antigua and Puerto Rico. If you are unsure about business prospects in such a faraway small country, BRIS group can help you out. Check our Nevis Company Formation service.
As is the case with most small island countries, the population in Nevis is not significant. There are approx 12000 residents. However, that should not deter you from venture expansion. English is the main language here and finding English speaking employees will not be a tough task for you. The literacy rate is among the top countries in the Western Hemisphere- as it is.
The Eastern Caribbean dollar is its official currency and neighboring 8 countries have the same currency. So trading with nearby nation will not be problematic for your company if you take operations to this country.
You can set up various types of business in Nevis. The majority of revenue comes from tourism. So, setting up tourism and hospitality related ventures makes sense. However, you can also explore many niches in the country that are yet to be tapped. Several hotels and inns are operational in the island. You may also think of setting up technology related ventures here. However, for such moves, seeking constancy of expert companies can be helpful. You may want to talk to us and know about our Nevis Company Formation service.
The govt of Nevis has realized the need for wooing foreign investors and it has taken up some pro-business measures. The offshore financial services have flourished in the country in the last few years- as a result. These are mostly in the banking and insurance sector.
There are prospects of tasting success by taking your existing business to Nevis. However, mastering the legal norms and tackling formalities require expertise. You may not have enough knowledge on these aspects. In this regard, nothing can be better than assistance of BROIS group. Call us now to find out more about our Nevis Company Formation service.
|Nevis Company Formation||Financial Advantages|
|Double Taxation Treaty Access:||No Treaty Access|
|Nevis Tax Information Exchange Agreements:||Yes, Nevis signs Exchange Agreements|
|Account Filing Requirements:||No accounting / reporting requirements|
|Annual Return Filing Requirements:||No annual return/ reporting requirements|
|Audit Requirements:||No audit required.|
|Nevis Company Formation||Registration Requirements|
|Share Capital:||US$100,000 Minimum paid up share capital US$1|
|Classes of Share Available for Nevis Company Formation:||Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value|
|Bearer Shares:||Not Allowed|
|Registered Office Required:||Yes required and must be maintained in Nevis|
|Shareholders:||Minimum number is one|
|Directors:||Can be any nationality and need not be resident in Nevis. Corporate directors are allowed.|
|Your Company language:||English|
|Name of your Company must be ended:||“Corporation”/ Corp., “Limited”/Ltd, “Incorporated”/Inc.,, “Societe Anonyme”/S.A., “Sociedad Anonima”|
|Documents required for Nevis company formation:||A certified copy of your passport or ID and proof of your residential address dated less than 3 months.|
|Nevis Company Formation||Restrictions|
|For Nevis Company Formation you cannot use words in your company names without justification:||“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.|
|Restrictions on Trading:||Not permitted to trade within the Federation of Saint Kitts and Nevis|
|Not permitted without a licence:||Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.|
|Nevis Company Formation||Confidentiality and Security|
|Publicly Accessible Records:||No public register of company officers (Directors, Shareholders, Secretary)|
|Nominee Shareholders and Nominee Directors:||Yes, Allowed|
|Disclosure of Beneficial Ownership to Authorities:||No|
|Stability:||Stable jurisdiction and brilliant reputation.|
|Region:||Island in the Caribbean Sea|
|Political System:||Parliamentary Democracy|
|Governing corporate legislation:||The Nevis Limited Liability Company Ordinance 1995, The Nevis Business Corporation Ordinance 1984 as amended|
|Type of Law:||Common|
|Currency:||East Caribbean Dollar (XCD)|
|Language of Legislation and Corporate Documents:||English.|
|Time Zone:||GMT-4 .|
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.