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 |