Introduction

The Island of Nevis is located in the Eastern Caribbean, measuring 93 square kilometres. Nevis was once known as the Queen of the Caribbean as it was the richest and most developed island in the Caribbean. Since gaining independence ion 1983, the Federation has had a history of political stability based upon the Westminster model of government and continuity of national policy. The major source of revenue is tourism followed by offshore financial services. Today, Nevis is recognised in the international arena as a predominant trust and company jurisdiction in the world and as a flourishing, mature and modern international financial centre. Nevis also enjoys secure stability, financial integrity and a well planned modern legislation.

The Limited Liability Company can be used for any business venture or professional practice anywhere in the world outside Nevis. This includes; real estate holdings, manufacturing concerns and operational or investment vehicles for offshore trusts. The Limited Liability company is a different business entity that offers an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation. With this type of company the officers are known as Members and not Directors or Shareholders.

Incorporating requirements

Directors

Minimum of 1 directors required, of which 0 must be residents.
Corporate directors are permitted.
Director's meetings are not required
There is not a public director's register
Other notes: If number of shareholders is less than three the number of directors may equal the number of shareholders. Meetings can be held anywhere

Secretaries

Minimum of 1 secretaries required, who need not be residents.
Corporate secretaries are not permitted.
There is not any requirement for secretaries to hold a professional qualification
Other notes: none

Shareholders

Minimum of 1 shareholders required
Corporate shareholders are permitted.
There is not a public shares register
Bearer shares are permitted.
No par value shares are permitted.
Usually the Authorised share capital is 100000 shares of USD1 each.

Miscellaneous