Offshore company registration in Nevis is governed by the Nevis Business Corporation Ordinance of 1984, as amended.
A Nevis IBC is not permitted to carry on banking, insurance or foreign exchange trading operations. Restrictions apply to certain other fields of activity. Please enquire should you have any doubts at the time of your offshore company registration.
Nevis offshore company registration timeframe
The registration of a Nevis IBC is normally completed within one day. Alternatively, shelf companies (whose names may be changed if required) are available if an immediate incorporation is needed.
In accordance with local law, a Nevis IBC is permitted to continue as a company registered in another jurisdiction. Likewise, a foreign company may become registered and continue as a Nevis IBC if allowed to do so under its own legislation.
Information held on public record
The Registrar of Corporations maintains a copy of the company’s memorandum and articles of association and a record of the company’s registered agent and registered office address. This is the only information submitted at the time of the offshore company registration and is available for public inspection. Any other information may be voluntarily submitted to the Registrar of Corporations, in which case it will become publicly available.
The name of a Nevis IBC can be in any language but it must be expressed in Roman characters. Any internationally accepted designation of limited liability or its abbreviation may be used, eg “Limited”, “Ltd”, “Corporation”, “Corp”, “Co”, “Incorporated”, “Inc”, Société Anonyme”, “Sociedad Anonima”, “SA”, “GmbH”, etc.
The share capital may be denominated in any currency. At least one share must be issued at the time of the offshore company registration. Bearer shares are possible but if issued, the share certificates must be kept by the company’s registered agent in Nevis.
A Nevis IBC must have at least one shareholder, who can either be a natural person or a company. Nominee shareholders may be used if confidentiality is required.
At least one director must be appointed at the time of the Nevis offshore company registration. This can be a natural person or a company, resident anywhere in the world. Professional directors may be appointed if confidentiality is a concern. It is possible for the same person to act as sole director and shareholder.
Shareholder and director meetings
Meetings of the shareholders and the directors may be held anywhere in the world. The legislation allows for meetings of the directors to be held by telephone conference but not the shareholders. An annual general meeting (AGM) of the shareholders is required. Typically the first AGM should be held by the end of the calendar year following the year in which the Nevis offshore company registration takes place, with subsequent AGMs held in each calendar year after that.
The Nevis offshore company must maintain a registered office in Nevis, where any official notices may be served.
The appointment of a company secretary is not mandatory but one may be appointed if so desired. The secretary can be a natural person or another company and may reside in any country. It is possible for the same person to act as the company’s sole shareholder, director and secretary.
Nevis IBCs are not obliged to prepare financial statements. Nevertheless, adequate accounting records must be kept which would allow the company to prepare financial statements if required.
Annual filing requirements
No annual filing obligations apply to Nevis IBCs.
Nevis does not impose any form of tax on Nevis IBCs.
Double tax treaties
The government of Nevis has signed double tax treaties with Denmark, Norway, Sweden, Switzerland and the UK, however these do not apply to Nevis IBCs. Only Nevis tax resident companies have access to double tax treaty benefits.
Offshore company registration in Nevis is a practical and convenient solution for such activities as holding investments, providing consulting services and conducting an e-commerce business.