ST.KITTS AND NEVIS
Country’s geography & information in brief: Nevis is located in the Leeward Islands, in the northern section of the Eastern Caribbean, approximately 1,000 miles southeast of Miami. The total land area of Nevis is about 36 square miles, supporting an estimated population of just over 10,000.
Entity type: Non-resident Exempt Companies
Directors: Minimum number – one. Directors may be private or legal persons, residents of any country.
Shareholders: minimum number – one. Shareholders may be private or legal persons, residents of any country.
Secretary: A Nevis exempt company must appoint a company secretary, who may be a natural person or a body corporate may be of any nationality and need not be resident in Nevis.
Authorized capital: The minimum issued capital is one share of no par value or one share of par value.
Names’ restrictions: The name has to include the words corporation, incorporated, company, limited or appropriate abbreviations, or other words, that speak volumes for company. The following words must not be in the name of the company: bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, and municipal, Chamber of Commerce, University, or their foreign synonyms, without special permission.
Information about the beneficiary: Information about company at disposal to the third party is granted by the resolution of Supreme Court of Nevis
Audit & financial reports: Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to keep financial records, which should reflect the financial position of a company. The company’s records may be located anywhere in the world.
Taxation: Non- residents are exempted from all and any taxes.