| General | ||
|---|---|---|
| Type of Company | IBC | |
| Average time frame to set up a new company | 1 - 2 days | |
| Average time frame to activate shelf company | 1 day | |
| Migration of domicile possible? | Yes | |
| Corporate Requirements | ||
| Standard authorised share capital | US$ 100 (there is no maximum) | |
| Bearer shares allowed? | Yes* | |
| Minimum number of shareholders/members | One | |
| Minimum number of directors | One** | |
| Corporate directors permitted? | Yes | |
| Local directors required? | No | |
| Local meeting required? | No | |
| Company secretary required? | No | |
| Taxation | ||
| Corporate tax rate | N/A | |
| Ordinary tax base | N/A | |
| Tax exemptions | N/A | |
| Withholding tax on dividends - tax rate | None | |
| Withholding tax on interest - tax rate | None | |
| Withholding tax on licence fees and royalties | None | |
| Double taxation treaties | None | |
| Value Added Tax rate | N/A | |
| Disclosure and Reporting Requirements | ||
| Disclosure of beneficial owner | No | |
| Government register of directors | No | |
| Government register of shareholders/members | No | |
| Annual return | No | |
| Submission of accounts | No | |
| Audit required? | No | |
| Incorporation and 1st Year Fees and Taxes | Annual Maintenance Fees and Taxes | ||
|---|---|---|---|
| Type of company | IBC | IBC | |
| Incorporation Fee 1) | 1,500 | ||
| Government Taxes/Fees | 240 | Government Taxes/Fee | 220 |
| Domicile Fee 2) | 1,000 | Domicile Fee | 1,000 |
| Total Incorporation 1st Year Statutory Costs | 2,740 | Total Annual Statutory Costs, US$ | 1,220 |
| Administration 3) | 1,000 | 1,000 | |
| Director Fee 4) | 300 | Director's Fee 4) | 300 |
| Total 1st Year | 4,040 | Total Annual Maintenance, US$ | 2,520 |
Note: all fees are quoted in United Stated Dollars (US$). Currency Converter
* Information on the specific bearer must be kept by the Service Provider.
** If there are more than three shareholders for any company, then the minimum number of directors is three.
1) This fee includes all costs involved in registering the company with the Nevis authorities and the provision of copies of the articles and the minutes necessary to appoint the first directors and shareholders. This fee does not include the cost of providing the company with a Company Seal and Minute Book.
2) Includes the provision of registered office/agent, statutory filings and notices, standard nominee shareholders and corporate nominee director (US$ 50 transaction charge applies).
3) All time is charged on an hourly basis and the minimum fee is credited against the actual time incurred.
4) This fee includes the provision of three professional directors and company secretary.
