Information You Didn’t Know About Nevis Offshore Corporation

The Nevis business corporation allows a company to be incorporated under the same laws that are applicable to an international business corporation or company (IBC). This basically means that with the help of the perfect Nevis IBC incorporation, a business can take part in the legitimate offshore business. An individual who is looking for ways to register their business will find the process quite convenient as well as simple. To integrate your business into Nevis, you need to first get yourself a registered agent who holds a license in the Nevis island administration and has a registered office in the location.

Here is some useful information about a Nevis offshore corporation.

Along with having a registered agent, the 1984 Ordinance clearly states that the registered agent can only be a barrister or solicitor who can legally carry out their practice in both St. Christopher and Nevis. That being said, a corporation that has already paid capital worth EC$500,000 can also become a registered agent for another corporation.

A Nevis business corporation is not required to pay any form of tax from the local area. The list of exemptions are capital gain taxes, gift, estate, succession, stamp duties and also other taxes that take income or assets received outside of Nevis as not part of Nevis.

Speaking of about annual tax returns, Nevis does not require any tax returns to be filed by the Nevis business corporations. The public registry, however, may require companies to provide few details when paying the corporation’s annual registration charge.

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