Why Establish An International Business Corporation In Nevis And What Are Its Advantages?

Nevis is a leading international Caribbean financial centre with a good reputation and excellent compliance standards.

What Advantages Does Nevis Offer as a Location for the Establishment of an International Business Corporation (IBC)?

Nevis does not levy VAT or other indirect taxes on IBCs and there is NO income tax, NO capital gains tax, NO wealth tax, NO death duty or inheritance tax. The island is independent and offers a stable political and economic environment. Legislative and fiscal independence mean that the island can respond quickly to the needs of business. New legislation is regularly introduced to offer a greater variety of relevant international corporate vehicles. These include, Limited Liability Corporations (LLCs), International Business Corporations, Registered Trusts, Multiform Foundations, Insurance Companies and Mutual Funds. Nevis is a former British Colony which applies a common law legal system (similar to the English legal system). Nevis is a well regulated jurisdiction and is recognised as such by FATF (Financial Action Task Force) and OECD (Organisation for Co-operation and Development). How Easy is it to Form a Nevis IBC?

The incorporation process is very simple and takes less than 24 hours. Name reservations can take place instantly and are free for up to 10 days. Companies can be incorporated to conduct any lawful business. The director(s) and/or secretary can be located anywhere in the world and can be a person or a legal entity. Authorised share capital can be denominated in any recognised national currency. Bearer shares may be allowed with special permission. These must then...