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Basic Information about Nevis Business Corporation
The Nevis Business Corporation Ordinance is based in large part on the United States Delaware Corporate statues combined with English law. A Nevis business corporation formed under this Ordinance is the equivalent of what is commonly named as an International Business Company.
Companies incorporated in any other jurisdiction may be continued to Nevis. The emergency transfer of domicile without the company first submitting the required paperwork is permitted. A Nevis business corporation can, where the laws of another jurisdiction permit, redomicile to such jurisdiction.
Some features:
No Corporate tax
The name of an IBC must end in one of the following: "corporation", "incorporated", "company", or "limited" or other words or an abbreviation of one of such or other words as will clearly indicate that it is a corporation as distinguished from a natural person or partnership.
Minimum number of shareholders - one, not need to be resident.
Minimum number of directors - three. The number of directors may be fewer than three but not fewer than the number of shareholders. Thus, a company with one shareholder may have only one director. They can be residents of any country. Corporate directors are permitted.
Bearer Shares are rermitted.
Total confidentiality and anonymity; no requirements to disclose beneficial owners, shareholders and directors.
No requirement to file annual returns.
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