A Nevis Business Corporation (NBC) is comparable to what is often referred to as an International Business Corporation (IBC). The Nevis Business Corporation Ordinance was legislated in 1984 and over the years has been amended in order to provide flexible statutes so that Nevis can continue to be known as a preferred and favourable offshore jurisdiction.
A NBC can have one or more directors. These directors can be natural persons or corporations. A NBC has the capability of purchasing or redeeming its shares. A corporation can issue both registered and bearer shares (when opening a bank account bearer shares are often not accepted). The bearer share certificate must be held by a custodian and proper records must be maintained.
The minimum number of shareholders required for a NBC is one. The minimum number of directors is three. The number of directors should not be less than the shareholders. There can be one director if there is one shareholder.
The corporation can do any business anywhere in the world except in St. Kitts and Nevis and the income generated will not be subject to any corporate taxes in Nevis. It can carry on operations and have its principal office in any jurisdiction but it must have its Registered Office in Nevis.
Benefits of a Nevis IBC
- Companies formed in other jurisdiction can be re-domiciled to Nevis.
- Directors, Officers and Shareholders may reside anywhere.
- Filing of annual return is not necessary.
- The identity of Beneficial owners and Shareholders are not required to be filed publicly.
- Separate legal entity to that of its owners.
- Incorporation can be completed in 24 hours.
- Registration and annual renewal fees are low.
To download the Ibc Incorporation questionnaire