International Business Company (Company limited by shares)
The Nevis jurisdiction is a “No-Tax” offshore domicile operated by the small Caribbean island of Nevis within the country of St Kitts and Nevis.
International Business Companies incorporated under the Nevis Business Corporation Ordinance Act 1984, are one of the most popular offshore company vehicles.
The only restrictions issued by the St Kitts and Nevis government to International Business Companies is the inability to do business with residents or hold assets within Nevis.
Nevis are fully tax-exempt entities. Trading and investment income as well as capital gains are not subject to taxation.
Nevis IBCs benefit from a simple and fast registration procedure and a flexible structure.
They can be incorporated with a single shareholder and director, who may be from any nationality, may be the same person and may be a corporation or a natural person.
Unlike other jurisdictions, a Nevis IBC does not have to face mandatory audits, and corporate compliance is minimal.
Nevis International Business Companies benefit from a strong asset protection legislation.
To bring an action against a business incorporated in Nevis, the creditor would need to hire a local lawyer licensed in Nevis and post a $25,000 cash bond with the court, in addition attorneys in Nevis are not allowed from working on contingency. The creditor must pay for all legal services up front and in full.
The Confidential Relations Act of 1985 guarantees the confidentiality of Nevis offshore companies and bank accounts.
Nevis has no public registry. Nevis does not have a database of corporate records accessible to the public. Only the government of St Kitts and Nevis, as well as lawyers practicing in Nevis can access this database.
Nevis is a decent choice for someone who needs to capitalize a company with more than $50,000 for its low government fees. For instance, the government fee’s increase dramatically for a Belize incorporation capitalized with more than $50,000.
Nevis IBCs are commonly used for asset protection and confidentiality, estate and tax planning, international trade, affiliate marketing, corporate structuring and fund management.
Country code – KN
Legal basis – Common law
Legal framework – Nevis Business Corporation Ordinance Act 1984
Company form – International Business Company (IBC) (Company limited by shares).
Liability - The liability of the shareholders for the company is limited to the amount of their respective shareholdings.
Business restrictions – International Business Companies are entitled to do business outside Saint Kitts and Nevis and may not conduct any economic activity or hold assets within Nevis, and may not conduct business in the banking, insurance, fund and collective investment sectors.
Share Capital – A minimum share capital is not required, but usually the standard authorized share capital is USD 50,000 divided into 50,000 ordinary shares of USD 1.00 each. The minimum paid out capital is USD 1.00.
Shares can be denominated in USD or any other currency, and they may be issued as registered shares, preference shares, redeemable shares and shares with or without voting rights.
Bearer shares are only permitted with the approval of the Registrar of Corporations or the Regulator. The Registered Agent must maintain custody of the bearer share certificate on behalf of the beneficial owner and must maintain a register of each bearer share.
Shareholders – IBCs may be formed by one or more shareholders, who can be natural or legal persons and non-residents. Details of shareholders are not publicly available. There is no limitation on the use of nominees.
Directors – A minimum of three directors is required, who may be individuals or a corporations, resident or non-residents. However, if the company is incorporated by less than 3 shareholders, it is allowed to appoint less than three directors. Therefore, a company may be incorporated by a sole shareholder and a sole director. Details are not publicly disclosed. Nominee directors are allowed.
Secretary – A secretary is required, who can be a corporation or an individual, resident or non-resident.
Registered Address – IBCs must have a registered agent authorized by the Government and registered office address in Nevis.
General Meeting – Annual meetings are not required by law, and can be conducted inside or outside Nevis.
Electronic Signature – Allowed.
Re-domiciliation – Migration of company domicile is allowed.
Compliance – Nevis IBCs are required to prepare and maintain accounting records, to reflect the financial position of the company. Account records should be kept for 5 years from the date of its preparation and may be kept anywhere.
Companies are not required to file accounts, annual returns or to divulge information relating to ownership. However, Registered Agents acting on behalf of companies are required to obtain and maintain such information pursuant to AML/CFT Regulations. Nevis IBCs are subject to an annual government license fee.
- Shareholders not disclosed
- Directors not disclosed
- Corporate shareholders permitted
- Corporate directors permitted
- Local director required
- Secretary required
- Local secretary required
- Annual general meetings required
- Redomiciliation permitted
- Electronic signature
- Annual return
- Audited accounts
- Audited accounts exemption
- Exchange controls
- Common law Legal basis
- 1 Minimum shareholders
- 1 Minimum directors
- USD 1 Minimum issued capital
- - Minimum paid up capital
- USDAny Capital currency
- Anywhere Location of annual general meeting
- 2018 AEOI
Corporate income tax - Companies established under the International Business Companies Act are considered non-resident companies for tax purposes, and therefore benefit from a total tax exemption. Income and capital gains arising outside Nevis are free from any kind of taxes.
Payments on dividends, royalties and interests to non-residents are also exempt from withholding taxes.
Other taxes - Saint Kitts and Nevis does not levy direct personal taxes. Personal income, as well as, capital gains and net wealth are not subject to taxation.
Property tax is assessed on the market value of the real property, ranging from 0.2% to 0.3%, depending on the location and use. There is a stamp duty on transfer of real property from 6% to 10%. Value-added tax is 17% for most goods and services. Reduced rate of 10% apply to tourism sector. Certain goods are tax-exempt.
- Offshore Income Tax Exemption
- Offshore capital gains tax exemption
- Offshore dividends tax exemption
- CFC Rules
- Thin Capitalisation Rules
- Patent Box
- Tax Incentives & Credits
- Property Tax
- Wealth tax
- Estate inheritance tax
- Transfer tax
- Capital duties
- 0% Offshore Income Tax Rate
- 33% Corporate Tax Rate
- 0% Capital Gains Tax Rate
- 0% Dividends Received
- 0% Dividends Withholding Tax Rate
- 0% Interests Withholding Tax Rate
- 0% Royalties Withholding Tax Rate
- 0 Losses carryback (years)
- 6 Losses carryforward (years)
- 0% Personal Income Tax Rate
- 36 Tax Treaties
Nevis is a Caribbean island located in the Windward Islands, in the Antilles. Along with the island of Saint Kitts, it constitutes the Federation of Saint Christopher and Nevis. An independent sovereignty country, member of the Commonwealth and the CARICOM.
Saint Kitts & Nevis is the smallest country in the Americas, both in size and population. With an area of 261 sq. km and a population of 54,961 inhabitants. Its capital and more populated city is Basseterre, in Saint Cristopher. Its official language is English. Its legal tender currency is the East Caribbean Dollar (XCD), which has a fixed exchange rate with the dollar at 2.7: 1.
Being an independent member of the Commonwealth of Nations, Saint Kitts and Nevis has a stable political and financial system.
The head of state of the islands is the British monarch, who elects a resident Governor-General to represent him in local affairs.
The prime minister is the leader of the majority party of the House, and the cabinet carries out state affairs. St. Kitts and Nevis has a single legislative chamber, known as the National Assembly. It is made up of fourteen members: eleven elected representatives (three from the island of Nevis) and three senators who are appointed by the Governor-General. Two of the senators are appointed on the recommendation of the Prime Minister, and another with the advice of the opposition leader.
Unlike other countries, the senators do not constitute a separate chamber of the Senate or upper chamber of the parliament, since they sit in the National Assembly, next to the representatives.
Saint Kitts and Nevis was the last place to practice sugar cane monoculture in the Lesser Antilles. But because the sugar industry was increasingly struggling to make a profit, the government decided to eliminate the large-scale sugar cane production and carry out a diversification program for the farmer sector and stimulate development of other sectors of the economy, particularly tourism, export-oriented manufacturing and offshore financial services. The issue of postage stamps, mainly for philatelic collecting, is also an important source of income for its economy.
Saint Kitts and Nevis also offers a citizenship by investment program. Through a donation to the Sugar Industry Diversification Foundation or an investment in a Real Estate, a foreigner would become a St Kitts and Nevis citizen and obtain a passport with visa-free or visa-on-arrival access to 136 countries (including South America and European Union).
Tax treaties Map
Nevis Limited Liability Company (LLC) / International Business Company (IBC) – US$2,150.00 (All Included)
We pride ourselves in providing the best possible professional service which includes our honest hassle free “No Hidden Fee” policy. Your incorporation package includes:
- Registration and Government Fees
- Bound set of Constitutional Documents
- Certified Copies of Constitutional Documents with Apostille for bank account opening
- Notarized Certificate of Incumbency with Apostille
- Courier fees
- Registered Office & Registered Agent Service including all fees for calendar year
Time to form: 1 week.
All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.
Bank Account Options
- Nevis Bank Account (Remotely) – US$300.00
- Offshore Bank Account* (Remotely) – US$300.00
- Mauritius Bank Account (Remotely) – US$500.00
- Labuan (Malaysia) Bank Account (Remotely) – US$500.00
- Bahamas Bank Account (Remotely) – US$500.00
- Curaçao Bank Account (Remotely) – US$500.00
- Hong Kong Bank Account (In-person) – US$1,200.00
- Singapore Bank Account (In-person) – US$900.00
- Cayman Islands Bank Account (Remotely) – US$900.00
- Crypto-Friendly Bank Account (Offshore, Remotely) – US$3,000.00
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we are happy to help you with introductions that can empower your business.
*Offshore Bank Accounts: Belize, Puerto Rico, Nevis, Antigua, Saint Lucia. Other bank account options may be available depending on business profile and turnover.
Annual Fees (2nd year) – US$1,050.00
- Government fee
- Registered Agent & Registered Office fee
- Nominee Director/Manager (1 year) – US$800.00
- Nominee Shareholder/Member (1 year) – US$800.00
- Nominee Secretary (1 year) – US$800.00
Click here to incorporate your Saint Kitts and Nevis IBC.