NEVIS
- IBC
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Principal Corporate Legislation
NEVIS BUSINESS CORPORATION ORDINANCE, 1984.
Type
of Law
Common Law, based on English Common Law with local modifications and
local statutes.
Type
of Company For International Trade and Investment
International Business Company (IBC).
Restrictions
on Trading
Cannot trade within Nevis or own real estate there. Cannot undertake
the business of banking, insurance, assurance, reinsurance, fund management,
collective investment schemes, trust management, trusteeship, the rendering
of investment advice or any other activity that would suggest an association
with the banking or insurance industries. Cannot offer its shares for
sale to the public.
Powers
of Company
A Company incorporated in Nevis has the same powers as a natural person.
Language
of Legislation and Corporate Documents
English.
Shelf
Companies Available
Yes.
Time
to Incorporate
One day.
Name
Restrictions
Any name that has already been incorporated, or is so similar as to
cause confusion. Any name which in the opinion of the Registrar is considered
undesirable, obscene or offensive.
Language
of Name
Latin Alphabet. Any name in a language other than English must be accompanied
by a translation to ensure that the name is not restricted.
Registered
Office Required
Yes, must be maintained in Nevis at the address of a licensed management
company.
Names
Requiring Consent or License
Bank, building society, savings, loans, insurance, assurance, reinsurance,
trust, trustees, Chamber of Commerce, university, municipal or their
foreign language equivalents or any name in English or a foreign language
that may suggest association with the banking or insurance industries.
Suffixes
to Denote
Limited Liability Limited, Corporation, Incorporation, or the relevant
abbreviations.
Disclosure
of Beneficial Ownership to Government Authorities
No.
Authorized
Share Capital
The usual authorized share capital is US$ 100,000 divided in to shares
with or without par value. The minimum issued capital may be one share
of no par value or one share of par value.
Classes
of Shares Permitted
Registered shares, shares of no par value, preference shares, redeemable
shares and shares with or without voting rights.
Taxation
An IBC does not pay any tax on its world-wide profits to Nevis authorities.
License
Fees
Companies with an authorized capital up to US$ 100,000 pay the sum of
US$ 235 per year.
Directors
Minimum is one. Directors/Managers may be natural persons or bodies
corporate from any nationality and need not be Nevis resident.
Company
Secretary
A company secretary is not a requirement under the Act, but a secretary
is normally appointed to facilitate signing obligations.
Shareholders
Minimum is one.
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