St Kitts and Nevis is an independent state, situated in the archipelago of the Lesser Antilles in the Caribbean Sea. The country is a federation, comprising two members - the first being St Kitts and the other Nevis. The two islands are separated by a narrow channel approximately one kilometre wide. The federation was created in 1983, when Nevis (which had until then been a colony of the United Kingdom) became independent and participated in the creation of the sovereign state of St Kitts and Nevis.
Regardless of the fact that St Kitts and Nevis is a single state, there are clear differences in the company law of the two members of the federation. It is Nevis that has more attractive corporate and tax legislation, and as a result an absolute majority of international trading companies are registered there.
| GENERAL INFORMATION | Total area - 262 sq km
Population - 40,000
Location - click here to see the map of offshore jurisdictions
Political status - Federation
Capital - Baseterre
Official language - English
Official currency - Caribbean Dollar (XCD)
Time zone - GMT - 4 |
| Company type | Nevis Business Corporation (NBCO) |
| Directors/Officers | Nevis Business Corporation requires a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction. There is no statutory requirement for a Company Secretary to be appointed.
Each Nevis Business Corporation must file a Register of its Directors with the local Registered Agent. |
| Shareholders | Nevis Business Corporation requires a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Nevis Business Corporation must file a Register of its Shareholder/s with the local Registered Agent. |
| Authorised share capital | Standard authorised capital = USD 5,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation. |
| Company Names | The name of a Nevis Business Corporation must end with the words "Incorporated", "Limited", or suffixes such as "Inc.", "Ltd.", "GmbH", "S.A.", etc.
Company names containing restricted words such as "Bank", "Insurance", "Trust", "Assurance", "Imperial", "Royal" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company. |
| Beneficial Ownership information | Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company in the Nevis and is held by the agent on a confidential basis. |
| Filing of Annual Return | There is no requirement to file an Annual Return. |
| Filing of Financial Statement | There is no requirement to file Financial Statements for Nevis Business Corporation. |
| Corporate Taxation | NBCO companies are not subject to corporation tax in Nevis. |
| Tax Treaties | St. Kitts & Nevis have one tax treaty - with Great Britain. No treaties are concluded with any other jurisdictions dealing with the avoidance of double taxation for non-resident companies. |
| Timeframe for incorporation | 6/7 working days. A complete set of company documents can be delivered in 4/5 weeks. |
| Takeover of management & secretarial services for an existing Nevis BC company | Possible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in St. Kitts & Nevis. |
| Description of incorporation documents | Click here for itemised description of company documents. |
| "Ready-made"("Shelf") companies | We are happy to register new company in this jurisdiction in accordance with client instructions. |
| Price of Nevis BC company | USD 1,840, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year. |
| Cost of annual support services | USD 1,160 per year, including full domiciliary (Registered Agent/Office) costs, annual Government Duty, Nominee services and legal support services for each year. |
