The main forms of companies in Nevis are:
Offshore company (Corporation). Such a company is exempt from all taxes, which are replaced by a fixed license fee, the amount of which depends on the declared share capital. The required minimum amount of the authorized capital has not been established and can be declared in any “hard” currency. Most often, companies are incorporated with a registered capital of US $ 100,000 or with a capital of 1,000 shares of no par value.
A company registered in Nevis is exempt from all taxes, which are replaced by a fixed license fee, the amount of which depends on the declared share capital. The required minimum amount of the authorized capital has not been established and can be declared in any “hard” currency. Most often, companies are registered with a registered capital of $ US 100,000 or with a capital of 1,000 shares of no par value.
Offshores in Nevis can carry out various types of activities, with the exception of trading activities, property ownership in the territory of Nevis. Has no right to engage in insurance, banking, or other activities related to insurance and banking without obtaining a license.
The number of directors of an offshore company must be at least three or at least the number of shareholders of the company. The nationality of the directors does not matter.
Shares in the company are issued both in registered and to bearer. A company is considered to have commenced operations if it has issued at least one share. The registers of shareholders and directors are closed, the data is kept only by the registered agent.
Limited Liability Company (LLC) - exempt from taxes on property and profits earned outside Nevis, but must nevertheless maintain financial records. Such a company can carry out any activity, including international financial and investment, property ownership.
The director of the company is the manager appointed by the participants (shareholders) of the company. The manager's nationality does not matter. The data is confidential (stored only by the Registered Agent).
Participants can be both individuals and legal entities, while capital can be contributed in the form of property, bills of exchange, cash. The owners of the company are not personally responsible for the obligations of the company, only the company itself is responsible. The number of participants must be at least one.
