Nevis


Location: Nevis is located about 1,200 miles southeast of Miami in the Leeward Islands. The island has an area of 36 square miles.

Language: The official and commercial language is English.

Population: The population of Nevis is approximately 8,000, with a literacy rate of 96%.

Political System: Nevis became independent in 1983 after being a British Crown Colony since 1628. The island is part of the Federation of St. Kitts-Nevis, a member of the British Commonwealth. Nevis is a democracy with an elected local assembly and a political system that is based on the British Parliamentary system.

Legal System: The legal system is based on the English Common Law with a High Court of Justice and a Court of Appeal. The island's governor-general is head of the federal Parliament.

The formation of non-resident domestic companies is governed by the Nevis Business Corporation Ordinance 1984, which is based on American, New York, Delaware and British Company Law.

Taxation: Local companies normally pay a 50% tax rate on profits, but offshore companies are exempt from all taxation. Double-taxation agreements exist with following countries:

Incorporation: A Nevis Corporation can be incorporated within 48 hours, and ready-made companies are also available. Following are requirements for incorporation: At least one natural or legal person must subscribe to the Articles of Incorporation, which must contain: Special Features:
  1. A foreign company can relocate to Nevis and, conversely, a Nevis company can change domicile to a foreign jurisdiction.
  2. A Nevis company is exempt from tax on income, dividends and distribution earned outside Nevis.
  3. There are no requirements to file financial returns, annual reports or changes of directors, officers or shareholders.
  4. The main company office can be located anywhere as well as the company records. Directors, officers and shareholders can be of any nationality and live anywhere. Companies can be used as directors and secretaries.
  5. A Nevis company is allowed to alter its Articles of Incorporation, consolidate, or merge with other Nevis companies or foreign companies, or file Articles of Dissolution.
Summary: Following are some of the advantages of selecting Nevis as an offshore center:
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