ST.KITTS AND NEVIS

The Federation of Saint Kitts and Nevis), located in the Leeward Islands, is a federal two-island state in the West Indies. It is the smallest sovereign state in the Americas, in both area and population.
The capital city and headquarters of government for the federated state is Basseterre on the larger island of Saint Christopher. The smaller island of Nevis lies about 3 km southeast of Saint Kitts, across a shallow channel called "The Narrows".

OUTSTANDING FEATURES:

Advantages Steady economic and political environment, flexible legislation just as detailed legislative requirements for the companies and the governmental managements, above establishments of registration are advantages of Nevis;
Corporative legislation Injunction (1984, 1995) of business companies in Nevis, injunction of international trust company tax exemption in Nevis(1994), injunction of Limited liability companies in Nevis(1995), injunction of offshore bank activities(1996);
Form of tax-exempted company NBC (Nevis Business Corporation);
LLC (Limited Liability Company);
IBC (International Business Company);
Authorized business activities All and any activities not prohibited by the law;
Prohibited activities Realization of business activities in Nevis is a prohibited activity. Providing of banking, insurance, and re-insurance, trust services is subject to special license;
Taxation Non- residents are exempted from all and any taxes;
Name of company The name has to include the words corporation, incorporated, company, limited or appropriate abbreviations, or other words, that speak volumes for company. The following words must not be in the name of the company: bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, and municipal, Chamber of Commerce, University, or their foreign synonyms, without special permission;
Who executes the foundation documents? Registration agent;
Equity capital of the company Usually US$ 100,000;
Recommended equity capital US$ 1,000;
Shares Authorized emission of both registered and bearer shares with or without par value;
Shareholders
- Minimum number
- Nominal shareholders
- Holders of trust equities

One;
Yes;
Yes;
Does the law provide for non-disclosure of the information?
- About actual owner of the company
- About bank transactions
The law of confidentiality is mutually valid;
Yes;
Yes;
Directors
- minimum number
- nationality and citizenship
- status

Not less than shareholders;
Director does not have to be a resident and can be legal entity;
All the powers apart from those falling into exclusive competence of shareholders (as determined by memorandum, articles of association and/or the law);
On the territory of Nevis there has to be
- registered office
- registered agent

Not required;
Required;
Holding of the meeting of
-shareholders
-directors

Not required;
Required (annually, meetings may be held in any part of the world);
Mandatory
- keeping of accounting records
- annual account
- presentation of auditors conclusion

No;
No;
No;
Information at disposal to the third party Information about company at disposal to the third party is granted by the resolution of Supreme Court of Nevis;
Documents kept at the registered office Documentation and registration office can be kept anywhere;
Agreements on exemption from double taxation Tax settlement with Great Britain;
Currency control No;
Term of incorporation 3 weeks;
Costs of registration of company Look below
Financial year ending on: Look
Possibility to purchase a ready-made company Yes,

LIMITED LIABILITY COMPANY

  • Corporate tax: NO
  • Names disclosure in public records: beneficial owner(s) - NO, members - NO, managers - NO
  • Nonresident managers/members: ALLOWED
  • Annual return filing requirements: NO
  • Sole member Limited Liability Companies: ALLOWED

NEVIS LIMITED LIABILITY COMPANY FEES STRUCTURE

I. THE BASIC SET OF SERVICES AND DOCUMENTS:

US$ 1,050

The fees and costs include applicable Minimal Government Registration Fee, the first year Registered Agent and Registered Office Fee , Certificate of Formation filed with the Registrar, Minutes of the Organizational Meeting of the Organizer, Sample Operating Agreement, Endorsement Certificate, Articles of Organization, Resignation of Organization Rights, Certificate of Ownership, Designation and Acceptance of the Registered Agent.

II. OPTIONAL SERVICES

Legalization by Apostille (recommended): US$ 230

Note. Nevis is a signatory to the Le Hague Convention of October 25, 1961, and therefore the documents of the company can be authenticated via Apostille and automatically legalized in all countries having signed the convention. So, there is no need to provide expensive and time consuming legalization in consular establishments when you are opening bank accounts, setting up a branch, purchasing a real estate property, etc.

Nominee Director's Package: US$ 700

The Nominee Director's Package consists of nominee director's services and general power of attorney authenticated by apostille for one year.

Note. Using the General Power of Attorney you will be able to sign contracts, open, manage, and close bank accounts and generally do all things which the company director would do him/herself.

Full Nominees' Package: US$ 1,100

The package consists of the Nominee Director's Package (see above) and a Nominee Shareholder services.

III. NEVIS LLC ANNUAL FEES AND SERVICES - US$ 900

 

NEVIS BUSINESS CORPORATION

Outstanding features:

  • Corporate tax: NO
  • Names disclosure in public records: beneficial owner(s) - NO, shareholders - NO, directors - NO
  • Bearer shares: ALLOWED
  • Nonresident directors: ALLOWED
  • Company Secretary required: YES
  • Annual return filing requirements: NO
  • May be used as a reinsurance captive company under certain conditions (see below).

Applicable legislation: The Nevis Business Corporation Ordinance 1984 as amended.

Applicable legislation: The Nevis Limited Liability Company Ordinance 1995.

 

NEVIS BUSINESS CORPORATION FEES STRUCTURE

I. THE BASIC SET OF SERVICES AND DOCUMENTS:

US$ 1,075

The set includes applicable Minimal Government Registration Fee, Certificate of Incorporation, Minutes of the first meeting of Incorporator and Subscriber, Transfer of Subscription Rights, Bylaws, Endorsement Certificate, Articles of Incorporation certified by a Notary Public, Designation and Acceptance of Registered Agent, two blank Share Certificates, a current year Registered Agent and Registered Office Fee.  

II. OPTIONAL SERVICES

Legalization by Apostille (recommended): US$ 200

Note. Nevis is a signatory to the Le Hague Convention of October 25, 1961, and therefore the documents of the company can be authenticated via Apostille and automatically legalized in all countries having signed the convention. So, there is no need to provide expensive and time consuming legalization in consular establishments when you are opening bank accounts, setting up a branch, purchasing a real estate property, etc.

Nominee Director's Package: US$ 590

The Nominee Director's Package consists of nominee director's services and general power of attorney authenticated by apostille for one year.

Note. Using the General Power of Attorney you would be able to sign contracts, open, manage, and close bank accounts and generally do all things what the company director would do.

Full Nominees' Package: US$ 990

The package consists of the Nominee Director's Package (see above) and a Nominee Shareholder services.

Certificate of Good Standing: US$ 225

Certificate of Good Standing with Apostille: US$ 280

III. NEVIS BUSINESS CORPORATION ANNUAL FEES AND SERVICES - US$ 950

 

IMPORTANT NOTES

  • We reserve the right to change fees without notice.
  • The payment options are: WIRE TRANSFER

 

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