Nevis - situated at the East of Caribbean Sea, is in-group of the small Anthill Islands. Its territory is 36 sq miles, population - 9 000. The official language - English. Fundamental law is constitution of the year 1983. Currency - East Caribbean dollars (1 EC) = 0,37 USD

Nevis

Advantages Steady economic and political environment, flexible legislations just as detailed legislative requirements for the companies and the governmental managements, above establishments of registration are advantages of Nevis Corporative legislation Injunction (1984, 1995) of business companies in Nevis Injunction of international trust company tax exemption in Nevis(1994) Injunction of Limited liability companies in Nevis(1995) Injunction of offshore bank activities(1996) Form of tax-exempted company NBC (Nevis Business Corporation) LLC (Limited Liability Company) IBC (International Business Company) Authorized business activities All and any activities not prohibited by the law Prohibited activities Realization of business activities in Nevis is a prohibited activity. Providing of banking, insurance, and re-insurance, trust services is subject to special license Taxation Non- residents are exempted from all and any taxes Name of company 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 Who executes the foundation documents? Registration agent Equity capital of the company Usually 100 000 USD Recommended equity capital 1 000 USD Shares Authorized emission of both registered and bearer shares with or without par value Shareholders - Minimum number - Nominal shareholders - Holders of trust equities One Yes Yes Does the law provide for non-disclosure of the information? - About actual owner of the company - About bank transactions The law of confidentiality is mutually valid Yes Yes Directors - minimum number - nationality and citizenship - status Not less than shareholders Director does not have to be a resident and can be legal entity All the powers apart from those falling into exclusive competence of shareholders (as determined by memorandum, articles of association and/or the law) On the territory of Nevis there has to be - registered office - registered agent Not required Required Holding of the meeting of -shareholders -directors Not required Required (annually, meetings may be held in any part of the world) Mandatory - keeping of accounting records - annual account - presentation of auditor's conclusion No No No Information at disposal to the third party Information about company at disposal to the third party is granted by the resolution of Supreme Court of Nevis Documents kept at the registered office Documentation and registration office can be kept anywhere Agreements on exemption from double taxation Tax settlement with Great Britain Currency control No Term of incorporation 3 weeks Costs of registration of company Look for: Costs of registration and service Financial year ending on Look for: Annual support of companies Possibility to purchase a ready-made company Yes, look for: Ready made companies