Nevis
The federation of St. Kitts and Nevis consists of two islands in the lesser Antilles, Eastern Caribbean, south Anguilla west of Antigua and North of Montserrat.
The islands are independent but were once a colony of the United Kingdom. The federation is a constitutional monarchy. There is a national Assembly which, together with the Queen, forms the parliament.
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Law
The federation of St. Kitts and Nevis is served by the Eastern Caribbean Supreme Court with the final court of appeal being the Privy Council in London. The Laws are based on common law principles derived from the United Kingdom.
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Economy
The principle industry on the island has historically been agriculture and in more recent years, tourism, but with the enactment of the Nevis Business Corporation Ordinance in 1984, the government turned its attention towards building A financial services industry, while not as well known as its British Virgin Island “cousin” the Nevis Business Corporation is a proven tax exempt vehicle of choice for many financial planning practioners. In addition to being extremely flexible, the license fees attaching to these companies are always likely to remain competitive.
Additional Nevis has rust legislation which, when used in conjunction with either the Nevis Business Corporation or the Nevis Limited Liability company can be useful in the preservation of wealth.
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General
The official language of the Federation of St. Kitts and Nevis is English and the official currency is the Eastern Caribbean Dollar which trades with the US dollar at approximately EC$2.70 to US$1.00.
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The Nevis Business Corporation
Enacted in 1984, with subsequent amendments, the Nevis Business corporation ordinance is modelled on Delaware corporate statutes. Shareholders, directors and officers may reside anywhere in the world and be of any nationality. Their meetings may also be held anywhere in the world. There are no Nevis residency or nationality requirements.
Directors and shareholders may be corporations. Nevis Business Corporations are totally exempted from taxation in the jurisdiction. Under present regulations there are no income taxes, estate taxes, corporation taxes, withholding taxes or exchange controls in Nevi attaching to them.
There are no requirements for the filing of annual reports with any government authority. A Nevis Business corporation is entitled to complete privacy with regard to its legitimate affairs.
Bearer Shares are permitted, however only in line with recent amendments.
The identity of beneficial owners and shareholders are not required to be filed in any public record or except in the case of licensed companies.
With its unique independent status, Nevis is able to develop its international financial centre activities with the minimum of interference from third parties with conflicting interests and agendas. The government is committed to quality and excellence and the future for this jurisdiction looks bright..
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The Nevis Limited Liability Company (LLC)
The Nevis LLC provides more confidentiality, more flexibility and more advantages for the corporation and individual user. It is a business entity that provides an alternative to those who might consider using corporations or partnerships.
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- Government
- Law
- Economy
- General
- The Nevis Business Corporation
- The Nevis Limited Liability Company (LLC)
The islands are independent but were once a colony of the United Kingdom. The federation is a constitutional monarchy. There is a national Assembly which, together with the Queen, forms the parliament.
Return to top
Law
The federation of St. Kitts and Nevis is served by the Eastern Caribbean Supreme Court with the final court of appeal being the Privy Council in London. The Laws are based on common law principles derived from the United Kingdom.
Return to top
Economy
The principle industry on the island has historically been agriculture and in more recent years, tourism, but with the enactment of the Nevis Business Corporation Ordinance in 1984, the government turned its attention towards building A financial services industry, while not as well known as its British Virgin Island “cousin” the Nevis Business Corporation is a proven tax exempt vehicle of choice for many financial planning practioners. In addition to being extremely flexible, the license fees attaching to these companies are always likely to remain competitive.
Additional Nevis has rust legislation which, when used in conjunction with either the Nevis Business Corporation or the Nevis Limited Liability company can be useful in the preservation of wealth.
Return to top
General
The official language of the Federation of St. Kitts and Nevis is English and the official currency is the Eastern Caribbean Dollar which trades with the US dollar at approximately EC$2.70 to US$1.00.
Return to top
The Nevis Business Corporation
Enacted in 1984, with subsequent amendments, the Nevis Business corporation ordinance is modelled on Delaware corporate statutes. Shareholders, directors and officers may reside anywhere in the world and be of any nationality. Their meetings may also be held anywhere in the world. There are no Nevis residency or nationality requirements.
Directors and shareholders may be corporations. Nevis Business Corporations are totally exempted from taxation in the jurisdiction. Under present regulations there are no income taxes, estate taxes, corporation taxes, withholding taxes or exchange controls in Nevi attaching to them.
There are no requirements for the filing of annual reports with any government authority. A Nevis Business corporation is entitled to complete privacy with regard to its legitimate affairs.
Bearer Shares are permitted, however only in line with recent amendments.
The identity of beneficial owners and shareholders are not required to be filed in any public record or except in the case of licensed companies.
With its unique independent status, Nevis is able to develop its international financial centre activities with the minimum of interference from third parties with conflicting interests and agendas. The government is committed to quality and excellence and the future for this jurisdiction looks bright..
Return to top
The Nevis Limited Liability Company (LLC)
The Nevis LLC provides more confidentiality, more flexibility and more advantages for the corporation and individual user. It is a business entity that provides an alternative to those who might consider using corporations or partnerships.
Return to top
