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| 1. A company incorporated in Nevis has the same powers as a natural person.
2. Normally the authorised share capital is either 1,000 no par value shares or US$100,000 par value shares.
3. The minimum issued capital is one share of no par value or one share of par value.
4. Classes of shares permitted: registered shares, bearer shares, preference shares, redeemable shares and shares with or without par value.
5. A Nevis offshore exempt company is exempt from local taxation.
6. The minimum number of directors is three if the number of shareholders is three. If fewer than three, the number of directors may be equal to the number of shareholders.
7. The directors may be natural persons or bodies corporate and may be of any nationality and need not be residents of Nevis.
8. A Nevis exempt company must appoint a company secretary, who may be a natural person or a body corporate may be of any nationality and need not be resident in Nevis.
9. The minimum number of shareholders is one.
10. English is the official and commercial language of the Island. Nevis enjoys a literacy rate of 96%, one of the highest in the Western Hemisphere.
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- DEAR VISITORS, If you want to become familiar with the description and the contents of company formation packages, offered by our company and to find above, what kind of service is included in this or that formation package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within foreign countries, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen.
Please note » The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We act as your agent in the incorporation of offshore companies. We are not able to guarantee that any such filing will be acceptable to Companies Registrar , nor are there any contractual obligation upon us to do so. If Companies Registrar rejects incorporation or other filing, we will credit your account with a full refund and the contract between us will be made void. Companies Registrar does not offer a cancellation facility for the incorporation of companies or the filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made. All prices shown at Coddan Web Site (www.uk-ltd-formation.co.uk) are in Great British pounds.
Live Help » Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours our business center will be closed. When you click on the button you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is absolutely free! There are no hidden fees. We offer the service as a courtesy to our website visitors.
Nevis is situated at 17 north latitude and 52 west longitude and is located in the Leeward Islands approximately 2,000 km south-east of Miami. Mount Nevis lies in the centre of the 92 sq. km Island and towers 985 metres. Columbus sighted and named the Island on his second voyage in 1493. The climate is nearly perfect and the variation in altitude and soil conditions creates a natural garden of tropical vegetation ranging from rain to near desert. English is the official and commercial language of the Island. Nevis enjoys a literacy rate of 96%, one of the highest in the Western Hemisphere.
Coddan offers confidential offshore companies in Nevis and most other major offshore jurisdictions. Our services include the formation of offshore companies, trusts and various other offshore management services. We provide a complete incorporation package which includes all legal documentation required to establish and operate your new offshore company. Documents are assembled and bound in an attractive and professional manner. Apostilles and notarization is available, if required. As your company formation agents, we can only act on information and instructions given to us. You should not assume that we have knowledge of any factual matters. All of the information contained on this web site is not meant to be advice, nor should it be followed. The information on this site pertains to U.K. law only and is offered as a public service. It is not intended to give legal advice about a specific legal problem, nor does it create an attorney-client relationship. We do not hold ourselves out as offering tax advice, although we do not hold ourselves out as experts in the laws of any foreign country.
If you order an offshore company we usually require to send us by fax, email (as attachments in PDF, GIF or JPEG format) or mail: copy of the passport (with photo, signature and personal data pages) of the beneficial owner of the company; copy of the passport (with photo, signature and personal data pages) of the individual who contacts us and places order with us if he is not the beneficial owner. Beneficial owner is the individual who benefits from ownership of a company regardless of who holds title.
Offshore companies can be established under the Companies Act 1996. Banks, trusts, and other investment services are regulated by the Financial Services (Regulations) Order 1997. Foreigners can obtain citizenship under the Citizenship Act 1984. The minimum investment requirement is US$200,000 in 10-year Treasury Bonds issued and guaranteed by the Federation, a minimum US$250,000 investment in a project, or a minimum of US$150,000 investment in a real estate development. Treasury bonds are issued at their nominal or par value and no interest is paid on them. Nevis has its own financial services legislation including: The Nevis Business Corporation Ordinance, 1984; the Nevis International Exempt Trust Ordinance, 1994; the Nevis Limited Liability Company Ordinance, 1995; and the Nevis Offshore Banking Ordinance, 1996. St. Kitts and Nevis is a member of the Eastern Caribbean Central Bank.
A Nevis offshore company is called an Nevis Offshore Exempt Corporation or "NBCO" and it is tax exempt in Nevis on all income earned from anywhere outside of Nevis. An NBCO does not file annual returns. Corporate records may be kept anywhere and Annual General Meetings and/or meetings of the Board of Directors may be held anywhere in the world.
The Ordinance regulates registration and functioning of Nevis offshore tax-exempt company. The legislation is routinely updated to ensure that it remains progressive and therefore remains contemporary. Company registration under the act is a simple process. A company may be incorporated to conduct any lawful business and there the incorporation instrument is not required to contain a purposes clause. Companies registered in Nevis are required to maintain a registered office and a registered agent at all times. The office of the registered agent may act as the office of the company. An offshore company allows for minimum reporting requirements and for maximum privacy conditions. An offshore company may not trade or own real estate within the island. It is also prohibited to get engaged in banking, insurance, investment fund management, and other activities associated with those industries. Any person, partnership, association or corporation, singly or jointly with others, and without regard to his or their residence, domicile, or jurisdiction of incorporation, may incorporate or organize a corporation.
 Taxation.
An NBCO is exempt from taxes provided it does not carry on business with persons resident in the Nevis Island, own real estate in Nevis, or accept either banking deposits or contracts of insurance. Interest, dividends, rents royalties, and compensation paid by an NBCO to persons who are not residents in the Nevis Island are exempt from taxes. Also, capital gains realized by non-residents with respect to any shares are exempt. There is VAT tax.
- Registered Agent.
A corporation shall at all times have a registered agent in Nevis (Article 17.1). Only a barrister or solicitor admitted to practice in St. Christopher and Nevis or a corporation having a paid-in capital of at least $500,000.00 may act as registered agent. No barrister or solicitor or corporation shall act as registered agent unless first licensed by the Minister. The original application for licensing shall be in the prescribed form and accompanied by the prescribed fee and there shall be an annual fee payable in January of each year.
- Shareholders.
A minimum of one shareholder is required and either registered or bearer shares may be issued. No details of the shareholders appear on the public file but a register of shareholders must be kept at the registered office address of the company. Coddan could provide nominee shareholders.
- Shares.
Every corporation shall have power to issue the number of shares stated in its articles of incorporation. Such shares may be of one or more classes or one or more series within any class thereof, any or all of which classes may be of shares with par value or shares without par value, and may be registered or bearer shares, with such voting powers, full or limited, or without voting powers and in such series and with such designations, preferences and relative, participating, optional or special rights and qualifications, limitations or restrictions thereon as shall be stated in the articles of incorporation or in the resolution providing for the issue of such shares adopted by the board of directors pursuant to authority expressly vested in it by the provisions of the articles of incorporation (Article 31.1). A corporation may issue fractional shares (Article 31.4).
- Directors.
A minimum of one director is required. The director does not need to be a shareholder. In addition, corporate and non-resident directors are permitted. Details of the directors are not required to appear on the public file. Coddan could provide nominee shareholders.
Subject to limitations of the articles of incorporation and of this Ordinance as to action, which shall be authorized or approved by the shareholders, all corporate powers shall be exercised by or under authority of, and the business and affairs of every corporation shall be managed by, a board of directors. The articles of incorporation may prescribe special qualifications for directors. Unless otherwise provided in the articles of incorporation, directors may be natural persons, or corporations, of any nationality and need not be residents of Nevis or shareholders of the corporation. Alternate or substitute directors may be appointed provided that the terms and conditions under which such appointments shall be made are set forth in the articles of incorporation or bylaws (Article 45). The number of directors constituting the entire board shall not be less than three, except that where all the shares of a corporation are held by fewer than three shareholders, the number of directors may be fewer than three but not fewer than the number of shareholders. Subject to such limitations, such number may be fixed by the bylaws, by the shareholders, or by action of the board under the specific provisions of a bylaw. If not otherwise fixed under this section, the number shall be three.
- When You Need A Nominee Director.
Nominee Directors are needed when you must maintain a certain level of anonymity when conducting transactions. Nominee Directors are appointed by the offshore company and are carried in the Register of Directors.
- What Nominee Directors Will Do For You.
Based on the Articles of Incorporation and resolutions of the Board, nominee directors can be authorized to sign specific contracts and agreements or can be given general authority to sign all contracts and agreements.
- Specific Actions Taken By The Nominee Director(s).
Prior to signing any documents, the nominee director must first read through the document to ascertain the specific risk attached to the document for the signatory. Because this service must be performed by professionals with some experience a charge is normally imposed for the inspection of such documents.
- Terminating Nominee Director Services.
When you appoint Nominee Director(s) you will receive a pre-executed resignation. When you are ready to terminate the services, you simply enter the date in the resignation and notify us.
- Reporting Requirements.
An NBCO is not required to file any financial reports or tax returns in the Nevis Island. In addition, the books and records may be maintained in any manner desired and in any part of the world.
- Restrictions On Name And Activity.
The name of a corporation: Shall contain the word "corporation", "incorporated", company", or "limited" or other words or an abbreviation of one of such or other words as will clearly indicate that it is a corporation as distinguished from a natural person or partnership; and shall not be the same as the name of a corporation of any type or kind, as such name appears on the index of names of existing corporations or companies or on the reserved name list maintained by the Registrar of Companies or a name so similar to any such name as to tend to confuse or deceive (Article 22.1). The corporate name may be in another language if written in English letters or characters (Article 4.2). Any person, natural or corporate, or any agent thereof may reserve a name.
- Officers.
Every corporation shall have a president and treasurer; or a managing director and a secretary, who shall each be appointed by the board or in the manner directed by the articles of incorporation or the bylaws. Such other officers shall be appointed as are required by the articles or the bylaws or as the board may determine are desirable or necessary to carry on the business of the corporation. All officers shall be natural persons except the secretary, which may be a corporation (Article 58.1). Officers may be of any nationality and need not be residents of Nevis (Article 58.8). Any two or more offices may be held by the same person unless the articles of incorporation or bylaws otherwise provide (Article 58.5).
- Local Requirements.
The local company law requires that an NBCO maintain a registered office address within Nevis and must also appoint a Nevis resident as registered agent.
- Secrecy.
The Confidential Relationship Act, 1985 operates to prevent the disclosure of confidential information and records. The law imposes a maximum penalty of a fine, and/or a term of imprisonment of up to twelve months.
Documents Download »
The Nevis Limited Liability Company Ordinance, 1995 (302Kb RTF file)
Nevis International Exempt Trust Ordinance, 1994 (250Kb RTF file)
Nevis Business Corporation Ordinance 1984 (475Kb RTF file)
 
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£ 500.00
Nevis LLC formations normally takes 2 to 5 working days.
Registered Agent & Registered Office fees for the first year.
