Saint Kitts and Nevis
Incorporation package includes
- Incorporation of a Saint Kitts and Nevis company
- 1 year Registered Office Address
- 1 year Company Secretary Services
- Preparation of necessary resolutions and documentation
- Guidance to ensure your company remains in good standing
- Reminders and support for annual filings, renewals, and business registration renewals
Why form a company in Saint Kitts and Nevis?
Tax-Free Environment
Saint Kitts and Nevis does not tax non-resident companies on income sourced outside of the country, making it highly attractive for international businesses.
Strong Privacy Protections
Nevis laws provide excellent privacy for business owners, including no public disclosure of directors and shareholders for NBCOs and LLCs.
Flexible Corporate Structure
Both NBCO and LLC entities allow flexible structuring, with no minimum capital requirements and options for single-member entities.
Stable Legal and Financial System
Nevis has a legal system based on English common law, offering a stable and reliable framework for international businesses.
Asset Protection Features
Nevis LLCs, in particular, provide strong asset protection, shielding assets from creditor claims under certain conditions.
No Exchange Controls
Saint Kitts and Nevis allows free movement of capital, making it easy to move funds internationally without restriction.
Fast Incorporation Process
Incorporating a company in Nevis is quick and efficient, allowing businesses to set up and begin operations rapidly.
Enjoy Saint Kitts and Nevis's tax benefits
No Corporate or Income Tax
Offshore companies are exempt from local corporate and income taxes.
No Exchange Controls
Free movement of capital in and out of the country.
High Confidentiality
Strong privacy laws protect the identities of company owners and directors.
No Withholding Tax
Dividends, royalties, and interest paid to foreign entities are not subject to withholding.
No Capital Gains or Inheritance Tax
Profits from asset sales and inheritance transfers are tax-free.
Delivery timeline
The incorporation process in Nevis is efficient, typically taking around 2-3 business days for both NBCO and LLC formations. Here’s a breakdown:
Pre-Incorporation
Choosing a company name, drafting the Articles of Incorporation or Organization, and setting up the company structure.
Company Registration
Submission of documents to the Nevis Registrar of Companies, where approvals are generally processed quickly.
Issuance of Certificate & Documents
Once approved, issuance of the Certificate of Incorporation and other necessary company documents.
Post-Incorporation
Finalizing appointments of directors or members, opening a bank account, and completing any other formalities.
Differences Between NBCO and LLC in Nevis
Feature
Nevis Business Corporation Ordinance
Limited Liability Company
Structure
NBCOs are structured as corporations, with shareholders owning shares and directors overseeing the business. This model is ideal for companies needing a traditional corporate structure.
Nevis LLCs combine features of partnerships and corporations. Members own the company rather than shareholders, and LLCs can be managed directly by members or appointed managers.
Privacy
NBCOs offer high levels of privacy, with no public disclosure of director and shareholder information.
Nevis LLCs provide strong asset protection provisions, protecting members’ interests from external creditors under specific conditions.
Taxation
NBCOs are exempt from local taxes on income earned outside of Nevis, providing tax efficiency.
Nevis LLCs are also tax-exempt on foreign-sourced income, allowing tax efficiency for international operations.
Share issuance & Profit distribution
NBCOs can issue various share classes, such as voting or non-voting shares, and allow for customized shareholder rights.
LLCs offer flexibility in profit distribution, which is determined by an operating agreement rather than shares. This allows profit sharing based on factors other than ownership percentage.
Management
Requires a board of directors and formal shareholder meetings, which may suit businesses seeking a classic corporate governance structure.
Members can manage LLCs directly, making them more flexible for businesses that prefer an informal management structure.
Suitable for
International businesses, holding companies, and entities where shareholding and traditional corporate structures are preferred.
Businesses seeking asset protection, investment companies, and those wanting flexibility in management and profit distribution.
Speedy Incorp's
recommendcation
Choose NBCO if: You need a traditional corporate structure with shareholders and directors, prefer issuing shares, or if your business would benefit from a classic governance model.
Choose LLC if: You want a flexible structure with member management, strong asset protection, and a streamlined approach to profit distribution. LLCs are well-suited for investment and holding companies, as well as businesses needing customized profit-sharing.
Nevis Business Corporation Ordinance
Structure
NBCOs are structured as corporations, with shareholders owning shares and directors overseeing the business. This model is ideal for companies needing a traditional corporate structure.
Privacy
NBCOs offer high levels of privacy, with no public disclosure of director and shareholder information.
Taxation
NBCOs are exempt from local taxes on income earned outside of Nevis, providing tax efficiency.
Share & Profit Distribution
NBCOs can issue various share classes, such as voting or non-voting shares, and allow for customized shareholder rights.
Management
Requires a board of directors and formal shareholder meetings, which may suit businesses seeking a classic corporate governance structure.
Suitable for
International businesses, holding companies, and entities where shareholding and traditional corporate structures are preferred.
Speedy Incorp's recommendcation
Choose NBCO if: You need a traditional corporate structure with shareholders and directors, prefer issuing shares, or if your business would benefit from a classic governance model.
Limited Liability Company
Structure
Nevis LLCs combine features of partnerships and corporations. Members own the company rather than shareholders, and LLCs can be managed directly by members or appointed managers.
Privacy
Nevis LLCs provide strong asset protection provisions, protecting members’ interests from external creditors under specific conditions.
Taxation
Nevis LLCs are also tax-exempt on foreign-sourced income, allowing tax efficiency for international operations.
Share & Profit Distribution
LLCs offer flexibility in profit distribution, which is determined by an operating agreement rather than shares. This allows profit sharing based on factors other than ownership percentage.
Management
Members can manage LLCs directly, making them more flexible for businesses that prefer an informal management structure.
Suitable for
Businesses seeking asset protection, investment companies, and those wanting flexibility in management and profit distribution.
Speedy Incorp's recommendcation
Choose LLC if: You want a flexible structure with member management, strong asset protection, and a streamlined approach to profit distribution. LLCs are well-suited for investment and holding companies, as well as businesses needing customized profit-sharing.
Required documents
To incorporate a company in Saint Kitts and Nevis, the following documents are needed:
Director, Member, and Shareholder Information
- Copies of passports or government-issued IDs for each director, member, and shareholder
- Proof of residential address (e.g., utility bill or bank statement)
Company Name
Proposed company name (subject to approval by the Nevis Registrar).
Business Activities
Description of the company’s intended business activities.
Registered Office & Resident Agent
Confirmation of the company’s registered office and resident agent, which we provide as part of the incorporation service.
Articles of Incorporation/Organization
Documentation outlining the company’s structure, share capital, and member or shareholder rights.
Frequently answered questions
Find answers to common questions about our services and the company formation process. We’re here to provide clarity and support for your business journey.
What are the key benefits of incorporating a company in Nevis?
Incorporating a company in Nevis offers several advantages:
- Tax Efficiency: Nevis does not impose taxes on corporate income, capital gains, or inheritance, making it an ideal choice for international business.
- Privacy and Confidentiality: Shareholder and director details are not publicly disclosed, providing strong privacy protection.
- Asset Protection: Nevis offers a favorable legal framework for protecting business assets.
- Simple Corporate Structures: Nevis allows for flexible corporate governance structures and minimal bureaucracy.
- Ease of Incorporation: The process is fast, with companies typically incorporated within 1-2 business days.
What types of companies can be incorporated in Nevis?
Nevis allows for the incorporation of several types of entities, including:
- International Business Company (IBC): The most common structure for international business, investment, and asset protection.
- Limited Liability Company (LLC): Offers liability protection for owners and is commonly used for partnerships and joint ventures.
- Private Trust Companies: Used for asset management and estate planning purposes.
- Foundation: A popular choice for wealth management and charitable purposes.
Do I need a local director or shareholder to form a company in Nevis?
No, you do not need a local director or shareholder to form a company in Nevis.
- Full foreign ownership is permitted.
- Nominee services for directors and shareholders are available if you prefer to maintain privacy or simplify your business structure.
- Speedy Incorp LLP can assist with providing nominee services if necessary.
How long does it take to incorporate a company in Nevis?
Incorporating a company in Nevis is a quick process:
- It typically takes 1-2 business days to complete the incorporation.
- Speedy Incorp LLP handles all the paperwork and filings, ensuring a smooth and efficient incorporation process.
- Once incorporated, your company is ready to begin operations and is legally recognized in Nevis.
What are the ongoing compliance requirements for a Nevis company?
Nevis companies are subject to minimal ongoing compliance requirements:
- Annual Return: Companies must file an annual return with the Nevis Financial Services Department.
- Registered Office and Agent: A registered office and agent must be maintained in Nevis.
- No Audits: Companies are generally not required to conduct annual audits unless they operate in regulated industries.
- No Financial Statements: Nevis does not require the submission of financial statements to local authorities, unless specifically requested.
