All you Need to Know about Nevis Offshore IBC Guide

A Nevis IBC is an extremely flexible jurisdiction for potential individuals and business searching to incorporate offshore. St. Kitts & Nevis is a part of the Leeward Islands in the Southern Caribbean.
Nevis offers world-class infrastructure for all corporate offshore services. Nevis also offers appealing retirement and residency incentives in a tropical location, thus making it an attractive jurisdiction for offshore businesses.

Nevis has rapidly become one of the most convenient offshore company locations in the world. The open offshore environment has made Nevis IBCs an exceptional product because of the simple offshore regulations and formation procedures. Nevis has some of the most secure IBC laws in the world, thus ensuring client confidentiality and privacy with low financial risk.

Advantages of a Nevis IBC

Remote Access

There is no need for your presence in Nevis to conduct the affairs of your IBC. Banking, contract signing, and investing can all be handled remotely and also can remain in compliance with Nevis law.

The flexibility of Ownership and Management Structure

There is no need for any residency requirements for directors, shareholders, or officers. The corporate or trust entities may act as a director, secretary, or shareholder.

Citizenship and Residential Options 

Nevis offshore company offers citizenship opportunities through its Citizenship by Investment Program. In Nevis, there are no dual-citizenship restrictions and no tax requirements for individuals who decide to take up residence.

Confidentiality and Privacy

The government of Nevis exhibits a total commitment to maintaining the privacy and protection of those involved in legitimate business practices. Neither Nevis nor St. Kitts have been polluted by reports of money laundering or tax evasion, unlike a number of other offshore jurisdictions.

Tax Incentives

A Nevis offshore company is free from taxation on the income generated anywhere in the world. There are no income taxes, corporate taxes, and withholding taxes to be paid.

Top Uses of a Nevis IBC

Some of the popular uses of a Nevis IBC are:

  • Estate planning
  • Company holding
  • Asset protection and confidentiality
  • Tax reduction planning
  • Financial management

A Nevis IBC is limited from conducting business in Nevis or in any real estate market, and also in banking, insurance, fund, and collective investment sectors.

Corporate Details of Nevis IBC

Company Shares

A Nevis Offshore company is allowed bearer shares and shares with no par value.

Required Capital

A Nevis Offshore company has no minimum capital requirement

Financial Statements Required

A Nevis offshore company does not need to file any statements. Also, there are no audit requirements. The company must keep its financial records.

Directors

A Nevis offshore company must have a minimum of three directors. They need not be a local individual. Corporate directors are allowed.

Company Secretary

A Nevis Offshore company must appoint a company secretary. He can be an individual or a corporate entity. He does not need to be a local resident.

Shareholders

A Nevis offshore company needs a minimum of one shareholder.

Trading Restrictions

An offshore company cannot do business in Nevis. An offshore company can’t also conduct business in real estate in Nevis. It must get a license and proper approval to operate as a banking or insurance business.

Language

English

Registered Office Required

A registered office is necessary for Nevis, though any physical presence is not mandatory.

Time Required for Formation

One to two days

Name Restrictions

Restrictions to those names which are identical to or similar to an existing company or any name that is undesirable suggest illegal activity. Any names that may imply government patronage by the register are also restricted.

Requiring a Special License

A Nevis IBC must obtain a license if the business is engaged in activities related to banks, building society, savings, loans, insurance, reinsurance, fund management, investment fund, etc.

Annual Government Fee

$ US 200

Nevis IBC Registration Requirements

To establish a Nevis IBC, the following things must be submitted by the company:

  • the Articles of Incorporation to the Registrar of Companies
  • the name of the company
  • name and address of the registered company
  • appropriate government fee

Once the documents are ready, they are registered online through the Business Registers office. Then the papers are checked, filed, and completed in a day or two.

Nevis IBC Taxation

A Nevis IBC is free from taxation on any income generated outside of Nevis, including the following:

  • No income taxes
  • No Inheritance taxes
  • No Gift taxes
  • No estate taxes
  • No Stamp tax
  • No Duty taxes
  • No Capital gains taxes.
  • No Income tax
  • No Withholding tax
  • No Asset tax
  • No Corporate tax

We hope that we have provided you with a clear picture of the details of Nevis IBC.

 If you want to open an IBC in Nevis, or you need any assistance, then you can contact us! Business Setup Worldwide is a platform to guide you through this. We would be very happy to assist you.

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