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Nevis

We can help you incorporate in Saint Kitts and Nevis

Business Company (Company limited by shares)

Business Corporations are incorporated under the Nevis Business Corporation Ordinance Act

Nevis BCs 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 a corporation or a natural person.

Unlike other jurisdictions, a Nevis BC does not have to face mandatory audits, and corporate compliance is minimal.

Nevis BCs are commonly used for asset protection and confidentiality, estate, and tax planning and international trade.

Taxes

Corporate income tax - Corporate taxes in Nevis are levied on worldwide income at a 33% tax rate.

However, Nevis companies that are not controlled and managed in or from within Nevis are considered nonresident for tax purposes in Nevis, and therefore, not subject to corporate income tax in Nevis, unless they constitute a permanent establishment in Nevis.

A permanent establishment can be constituted when a company carries on certain business activities via a place of business in Nevis or has a dependent agent in Nevis that regularly exercises the authority to conclude contracts in Nevis.

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% applies to the 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
  • 33% Dividends Received
  • 15% Dividends Withholding Tax Rate
  • 15% Interests Withholding Tax Rate
  • 15% Royalties Withholding Tax Rate
  • 0 Losses carryback (years)
  • 5 Losses carryforward (years)
  • FIFOAverage cost Inventory methods permitted
  • 17% Social Security Employee
  • 0% Social Security Employer
  • 0% Personal Income Tax Rate
  • 17% VAT Rate
  • 36 Tax Treaties

Country details

Saint Kitts and Nevis
XCD
Basseterre
North America
en-KN
51,134

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 the most 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 have 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 farming sector and stimulate the 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 Sustainable Growth Fund or an investment in 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

Country Type Date Signed
Canada TIEA 2010-06-14
Guernsey TIEA 2012-02-07
Saint Lucia DTC  1994-07-06
Sint Maarten TIEA 2009-09-11
Portugal TIEA 2010-07-29
India TIEA 2014-11-13
Norway TIEA 2010-03-24
Saint Vincent and the Grenadines DTC  1994-07-06
Guyana DTC  1994-07-06
San Marino DTC  2010-04-20
South Africa TIEA 2015-04-07
Sweden TIEA 2010-03-24
Switzerland DTC  1963-08-26
Denmark TIEA 2009-09-02
Trinidad and Tobago DTC  1994-07-06
Antigua and Barbuda DTC  1994-07-06
Barbados DTC  1994-07-06
Grenada DTC  1994-07-06
Curaçao TIEA 2009-09-11
Jamaica DTC  1994-07-06
Germany TIEA 2010-10-13
Faroe Islands TIEA 2010-03-24
Dominica DTC  1994-07-06
Greenland TIEA 2010-03-24
Finland TIEA 2010-03-24
France TIEA 2010-04-01
Iceland TIEA 2010-03-24
Netherlands TIEA 2009-09-02
New Zealand TIEA 2009-11-24
Belize DTC  1994-07-06
Aruba TIEA 2009-09-11
Australia TIEA 2010-03-05
Belgium TIEA 2009-12-18
United Kingdom TIEA 2010-01-18
Liechtenstein TIEA 2009-12-11
Monaco DTC  2009-09-17

Tax treaties Map

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Services

We can help you incorporate a International Business Company (Company limited by shares) in Saint Kitts and Nevis for $2,150.


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