Offshore Companies
Choose the jurisdiction which best suits your needs
Saint Kitts & Nevis
Business Corporation | International Tax-Exempt Company
General Info
Procedures to incorporate
Nevis is situated in the northern part of the Leeward Islands and was once known as “The Queen of the Caribbean” due to its breath-taking palm-fringed beaches and scenery dominated by Nevis Peak in the centre of the island which rises to a height of 3,232 feet.
Infrastructure and Economy
Offshore Incorporation
Compliance
+ Authorised and Issued Share Capital
Normally the authorised share capital is either 1,000 no par value shares or US$ 100,000 with a par value of US$1. There is no minimum or maximum number of shares issued, the government fee is US$220 irrespective of authorised or issued shares.
+ Classes of Shares Permitted
Registered shares, preference shares, bearer shares, redeemable shares and shares with or without par value. Bearer shares must be held by a licensed custodian in Nevis.
+ Taxation
If your company is legally registered in St. Kitts and Nevis or is under direct administration from that jurisdiction, it carries the classification of a domestic company and, consequently, becomes liable to its local taxation regulations.
These domestic companies, also referred to as “resident companies,” are required to comply with the prevailing local corporate tax rate of 33%. However, there are several ways to significantly reduce it to a mere 1%. Alternatively, they can choose the option of a fixed annual licensing fee.
For companies without such resident status, they are exclusively and solely liable to local taxation on income derived from operations conducted within the jurisdiction. Notably, they are granted full exemption from taxes on any sort of income originated from external sources outside St. Kitts and Nevis.
+ Financial Statements Required
Whilst there is no requirement to submit or file audited financial statements, a Nevis company is required to maintain financial records to reflect the financial position of the company.
+ Directors
The minimum number of directors is three if the number of shareholders is three. If fewer than three, the number of directors may be equal to the number of shareholders. The directors may be natural persons or bodies corporate and may be of any nationality and need not be residents of Nevis.
+ Company Secretary
A Nevis exempt company must appoint a company secretary, who may be a natural person or a body corporate, may be of any nationality and need not be resident in Nevis.
+ Shareholders
The minimum number of shareholders is one.
+ License Fee
There is an annual registration fee of US$ 220 payable to the Minister of Finance.
+ Double Taxation Agreement
Although Nevis does have double tax agreements, a company incorporated under the Nevis Business Corporation Ordinance 1984 cannot obtain any treaty relief through them.
Packages and Prices
Saint Kitts & Nevis
Standard
Package
The cheapest option company formation, payment government fees, registered office, local registered agent, Client Due Diligence (CDD) full and free tax and legal assistance, and much more, to keep your entity fully compliant.
Business
Package
A special package with all services as included on the Standard Package, plus our Bank Account opening services with a local bank based in UAE, providing account opening remotely, and offering you online banking, multi-currency account, debit cards and all other major banking services you may need.
Premium
Package
A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.
How can we help you?
Should you have any question, our Business Development Managers team will be ready to guide and assist you!
