COMPANY IN NEVIS
Nevis is a volcanic island located in the Caribbean Sea, which forms an autonomous part of the state of Saint Kitts and Nevis. It remains a part of the British Commonwealth of Nations. The two islands are often referred to as the “Secret of the Caribbean” because they are not overcrowded with tourists and offer picturesque views and are an oasis of peace. The capital and largest city of the island is Charlestown. The Island of Nevis has its own parliament and prime minister. Both stable political situation and English as the official language make setting up a company in Nevis attractive.
Company formation is Nevis – benefits
There are many advantages to opening a business in Nevis. There is no minimum share capital so no over-investment in setting up a Nevis company is required. Running a company allows strict privacy as the names of managers, directors and shareholders are not available on the Nevis Registry of Companies. This information remains private. It is not necessary to submit company accounts that are required in other jurisdictions.
Taxes in Nevis
Opening a company in Nevis is becoming more and more popular as only the income earned on the territory of the state is taxed on the island. There are also no taxes on capital gains, property taxes, donations, and inheritances.
Company registration in Nevis
Your company in Nevis may involve different forms of planned business. The most popular forms of business in Nevis include: IBC (International Business Corporation) issuing shares and LLC (Limited Liability Company) – the equivalent of a Polish limited liability company.
Company formation in Nevis takes a relatively short time. The registration process can take a week. No personal appearance on the island is required as opening a company in Nevis can also be a remote process.
It requires one partner and a minimum of 3 directors who are not required to be Nevis residents. However, the process of acquiring Nevis citizenship and residency is not complicated and takes approximately 6 months.
The name of the company being opened in Nevis must be different from the existing ones, therefore it is recommended to think over several alternative names before proceeding with the verification. The name must contain the word “company” / “corporation” and an abbreviation of the chosen legal form of the activity conducted on the island.
Purchase of the company / Ready made company in Nevis
A ready made company in Nevis is a time-sensitive solution. Buying a Nevis company that is already registered can make it easier to get a loan from a bank, and your business history can facilitate establishing business contacts. A ready-made Nevis company can be bought in three days. However, registering a company does not take too long and does not require too many formalities, which is why purchasing a Nevis company is not that attractive.