Nevis taxation provisions:

Any income generated by companies outside Nevis or distributed among non-residents are tax exempt:

  • tax on profit, dividends, interest and royalties – 0%;
  • capital gains tax – 0%;
  • tax at source on payment of the above income – 0%;
  • value added tax – 0%;
  • wealth and inheritance tax – 0%.

In place of taxes, IBCs and LLCs  are charged an annual registration fee of $220.

Penalties for breach of the fee payment:

– $100 (from the 1st to the 180th day after the last day of payment);

– $220 (from the 181st to the 365th day after the last day of payment). 

Double Tax Treaties:

Nevis maintains Double Tax Treaties with more than 20 countries including the UK, the USA, Switzerland, Norway, Sweden, Denmark and others. However, it should be noted that such treaties do not apply to offshore companies.