| General Information |
| Jurisdiction |
Nevis
|
| Type of Entity |
Business Corporation
|
| Type of Law |
Business Corporation Ordinance, 1984 (amended in 2002)
|
| Language of Legislation and Corporate Documents |
English
|
| Taxation of Foreign Profits |
Nil
|
| Exchange Controls |
None
|
| Shelf Companies Available |
Yes
|
| Corporate Names |
| Name Restrictions |
Names identical or similar, offensive words
|
| Endings and Abbreviations Required |
Corporation, Incorporated, Company, Limited
|
| Reservation of Names Permitted |
Yes
|
| Language of Name |
Any language (some may require official translation)
|
| Name of Banks, Insurance, Investment Fund, Trust Company or their equivalents requiring consent or license |
Yes
|
| Capital and Shareholders |
| Minimum Authorised/Paid-up Capital |
No minimum
|
| Bearer Shares Permitted |
Yes (but with restricted mobility)
|
| Registered Shares Permitted |
Yes
|
| No Par Value Shares Permitted |
Yes
|
| Minimum Number of Shareholders |
One
|
| Local Shareholders Required |
No
|
| Corporate Shareholders Permitted |
Yes
|
| Disclosure of Shareholders |
No, but Share Register must be kept at Registered Office
|
| Directors and Officers |
| Minimum Number of Directors |
One
|
| Qualifications of Directors |
Legal Age
|
| Corporate Directors Permitted |
Yes
|
| Meetings |
| Annual General Meeting of Shareholders Required |
No
|
| Location of AGM |
Anywhere
|
| Adoption by Consent Permitted |
Yes
|
| Quorum required for purposes of meetings |
Articles of Incorporation or Bylaws
|
| Local Requirements |
| Qualified Registered Office |
Yes
|
| Qualified Registered Agent |
Yes
|
| Public Register of Shareholders |
No, but Share Register must be kept at Registered Office
|
| Public Register of Directors |
No, but Register must be kept at Registered Office
|
| Company Seal Required |
Yes
|
| Annual fees |
$220
|
| Requirement to Submit Annual Audited Accounts |
No
|
| Requirement to File Annual Tax Return |
No
|
| Other Information |
| Change in Domicile Permitted |
Yes
|
| Change of Share and Share Capital |
Increase or Reduction of Capital by Directors' resolution
|
| Change in Directors/Officers and their particulars |
Articles of Incorporation or Bylaws
|
| Removal from Registry |
Compulsory or voluntary winding up and dissolution; and striking-off for non-payment
|
| Reinstatement at Registry |
Yes
|
