General jurisdiction information:
Nevis is a member of the Federation of Saint Kitts and Nevis in the northern part of the Lesser Antilles. It is surrounded by the Caribbean and is one of the most popular holiday resorts in the world. Tourists are attracted by the diverse flora and fauna, coral reefs and underwater caves.
The population is just above 50,000.
Basseterre, the capital city, is the commercial, tourist and cultural centre of the country.
Registration of an offshore entity in the form of a corporation or limited liability company is regulated by the Nevis Business Corporations Ordinance of 1984 and Limited Liability Companies Law of 1995. Nevis offshore companies can engage in any activity permitted by Law.
With tough international offshore competition, Nevis companies can provide a reliable tool for the protection of corporate and personal assets when it comes to the issue of the General Register of beneficial ownership.
Legal forms of the offshore companies most popular in Nevis are:
- IBC (International Business Corporation) – international business companies that issue shares;
- LLC (Limited Liability Company) – limited liability companies without shares.
Nevis offshore organisations of either type provide ideal conditions for business, ownership of property and protection.
The unique features and flexibility of Nevis offshore law helps LLC companies to combine the advantages of a corporation and partnership whilst retaining the status of a corporate entity with separate rights and obligations. As a result, the company is liable for its debts and obligations while the liability of its members is limited to the amount of their interest.
It should be noted that offshore law only operates in Nevis and does not apply to the Federation at large.
The national language is English.
The official currency is the East Caribbean Dollar (XC$).