St. Kitts and Nevis are two volcanic islands in the Caribbean Sea about one-third of the way from Puerto Rico to Trinidad and Tobago. Nevis is a parliamentary democracy, with Queen Elizabeth II represented by a Governor General. The head of government is the Prime Minister.

Nevis companies are limited by shares, and must be located within Nevis. At least one director of a Nevis company should have residence in Nevis. Minimum capital to set up a Nevis company is XCD2 million, with at least XCD1 million in paid-up cash. Nevis offshore company board meetings can be held anywhere in the world.

Nevis trusts are exempt from income, withholding, capital gains and stamp taxes upon proof that the trust is not benefiting from any transactions with residents of Nevis. This does not include holding meetings, conducting banking, and other activities that ensure the day-to-day operation of the trust. At least one of the two trustees required must be a resident or is active in the business community of Nevis. There are no audits and no annual statements required. Strict confidentiality rules apply for any Nevis offshore formation.

Net worth, gifts, sales taxes and estate duty are all tax-exempt. All telecommunications are taxed 5 percent. There is a stamp tax of 2 percent on imports, a 15 percent tax on consumption and 3 percent for customs. An 18 percent VAT applies to taxable goods and imports.

Additional Nevis company services available from Offshore Banking International include:

• Corporate Seal (required)
• Opening of Nevis bank accounts
• Nevis Incorporation
• Nevis company registration
• Power of Attorney
• Certificate of Good Standing
• Notarization per document or set
• Apostle per document or set
• Nominee Director
• Nominee Shareholder
• Virtual office
• Domain name registration
• Website design

A Nevis IBC is extremely flexible and can accommodate practically any current financial circumstance or future goal for your new Nevis offshore formation. We think you'll find that when you open a Nevis company, you'll see that you're only limited by your imagination.

In addition, Nevis banking can open up a world of possibilities for your investments. We work closely with Nevis banks to ensure that you have a financial plan that allows you to grow your wealth.

Under the Banking Act of 1991 and the Financial Services Order of 1997 there are two types of Nevis bank licenses one can obtain. Unrestricted licenses require minimum capital of USD$500,000; restricted licenses need only USD$50,000. For many, an offshore Nevis incorporated bank can be a prudent investment move.

If you're looking to learn more about how a Nevis company formation can help your bottom line or how a Nevis bank can assist you in your financial goals, please do not hesitate to contact us today. We're happy to give you sound advice and also choose the offshore jurisdiction that is right for you - whether it's Nevis, somewhere else in the Caribbean, or in one of the dozens of other offshore jurisdictions worldwide that are serviced by OBI.