Nevis Company Formation
Benefits of a Nevis International Company Formation
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Closed registers stored at the RA office
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Fast and easy company formation process
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Completely tax-free business environment
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Asset protection provisions available for LLC
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Legal system based on English law
from £2,295.00
Why Set Up a Nevis Company?
The main reasons for registering a company in Nevis are the absence of taxes, privacy and asset protection.
Firstly, Nevis is a well-known tax haven. Favourable taxation is an excellent reason to consider a Nevis company formation. There is no corporate tax, capital gains tax, VAT or withholding tax on Nevis business income. The environment in Nevis is very business-friendly, with many legal, accounting and financial professionals residing on the island.
The second reason to incorporate an offshore company in Nevis is the strong privacy laws. St. Kitts and Nevis offshore companies are not obliged to disclose information about their directors, shareholders and beneficial owners to the public. Moreover, there is the option of using nominee services, which are very common in Nevis, to enhance privacy even further.
Nevis stands out as a leading Caribbean offshore financial centre due to its asset protection laws. A Nevis offshore trust is very well protected from foreign judgments and creditors. For these reasons, it is very popular worldwide. Furthermore, the formation of a Nevis trust is quick and straightforward. Glenmuir Trust are always available to assist you in drafting a trust deed that will suit your particular situation and provide Trustee Services. A Nevis trust cost usually depends greatly on the size of the trust property and the complexity of the trust structure. However at Glenmuir we work on a fixed fee basis starting form only £995.00.
Nevis’s banking sector is well-developed and caters to the needs of the offshore financial industry.
Nevis offshore company formation is quite fast and only takes a few days. With Glenmuir Trust, it is possible to register a Nevis company online in just 1-2 business days.
Taxation of Nevis Company
In contrast to pure tax havens, Nevis has a territorial tax system. As a result, all St. Kitts and Nevis offshore companies and trusts that do not conduct business activity in the federation’s territory are not subject to any tax.
Territorial Tax System
Unlike other territorial tax jurisdictions, the definition of business activity carried out in Nevis is very narrow. For example, a Nevis company that holds its board meetings in Nevis invests in shares of other Nevis companies, or has opened its bank account in Nevis is not deemed to be conducting business in Nevis. Such an exemption can result in significant international tax savings for a Nevis offshore company. The same is true for a Nevis offshore trust that has been set up in accordance with the Nevis International Exempt
Trust Ordinance
There is no capital gains tax, nor withholding tax for interest or dividends in Nevis. This makes a Nevis company a good fit as an investment vehicle.
Value-added tax does not apply to Nevis offshore companies and trusts.
Corporate Legislation in Nevis
As would be expected for the oldest British colony, Nevis legislation is based on English common law and equity principles.
Independent Financial Centre.
However, these days Nevis Island is no longer a British overseas territory. Since 1983, Nevis and St. Kitts have been an independent island nation with their own judicial system. The court of final appeal in Nevis is the Eastern Caribbean Supreme Court located in St. Lucia. One of the judges of this court is permanently based in Nevis.
A Nevis business company is comparable to the standard international business company model widely used in offshore jurisdictions. Although, this type of Nevis Island offshore company is based on Delaware corporate legislation rather than the British Companies Act 1948.
Nevis is a Caribbean tax haven known primarily for its asset protection laws. These legal provisions set Nevis Island apart from other jurisdictions, making the Nevis asset protection trust or a company especially popular in highly litigious countries such as the US.
Strong Asset Protection Legislation
The Nevis International Exempt Trust Ordinance, adopted in 1994, remains the main source of Nevis trust law. Another well-known asset protection vehicle is the Nevis LLC, which is regulated by the Nevis Limited Liability Company Ordinance enacted in 1995. This law provides strong privacy and asset protection arrangements applicable to the Nevis LLC. The Nevis IBC offers less protection, however, it can be used in conjunction with a Nevis trust to hold trust property.
The Company Registration in Nevis Package Includes the Following Company Documents:
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Certificate of Incorporation issued by the Nevis Registrar of Companies
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Endorsement Certificate issued by the Nevis Registrar of Companies
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Articles of Incorporation stamped by the Nevis Registrar of Companies
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Bylaws signed by the Incorporator in Nevis
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Designation and Acceptance of Registered Agent
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Register of directors
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Register of shareholders
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Minutes of the First Meeting of the Incorporator and Subscriber
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Share Certificate for each shareholder
** Payment Plan Also Available For New Incorporations
