Nevis became independent of the United Kingdom in 1983, but it remains a member of the Commonwealth.

Nevis is situated in the Eastern Caribbean and has a democratic system of Government based on the UK parliamentary system.

The offshore company law derives from the Nevis Business Corporation Ordinance 1984 and was subsequently updated in 1995. It is based on Delaware Corporate Statutes.

Under the Confidential Relationships Act 1985, a fine of $50,000 and or one year in prison is imposed for divulgence of confidential information.

General
Type of entity IBC
Type of law Common
Minimum government fee US$235
Corporate taxation Nil
Double tax treaties None
Name requirements Limited, Incorporated
Name restrictions Assurrance, Bank, Building Society, Trust, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal and other usual names (these names can be allowed if written consent is applied for from the Registrar of Companies)
Change in Domicile permitted Yes
Share in capital or equivalent
Standard currency of share capital US$
Permitted currencies of capital Any
Minimum paid uip share capital US$1
Usual authorised share capital US$100,000
Directors or Managers
Minumum number of directors/managers One
Local directors required No
Government register/pubic record of directors/managers No
Location of directors/managers meetings Anywhere
Members
Minimum number of shareholders/members One
Government register/public record of shareholders/members Optional
Location of members meetings Anywhere
Company Secretary
Company secretary required Optional
Company secretary, local or qualified No

 

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