The Nevis Business Corporation (NBC)

Governed by the Nevis Business Corporation Ordinance, 1984, The NBC is equivalent to what is commonly known as the International Business Company (IBC).

Characteristics

Under the NBC, there is no need to disclose the particular objects for which the company is incorporated. The company's records and its principal office may be located anywhere in the world. Corporate financial returns need not be filed in Nevis. No taxes are levied in Nevis on income, dividends or distributions of the company that are not earned on the island.

Shares can be in registered or bearer form. Those with par value may be denominated in any currency. A Managing Director, both individual and corporate, can be appointed to guide the company's activities. Alternate or substitute directors may also be appointed. Shareholders, directors and officers may be of any nationality and reside anywhere. They may also act by unanimous consent without a meeting.

Nevis companies may amend the Articles of Incorporation, merge or consolidate with foreign or other Nevis corporations. Any company formed in another jurisdiction may redomicile in Nevis.

Advantages

• Total confidentiality and anonymity;
• No requirement to disclose beneficial ownership;
• No requirement to file annual reports of a financial nature or otherwise;
• Bearer shares permitted;
• Full exemption from all forms of Nevis taxation;
• Simple and speedy incorporation process;
• Facsimile filings are permitted;
• No minimum capitalization requirement before commencing business;
• Complete freedom from currency regulations and exchange controls;
• Inexpensive incorporation charges and annual maintenance fees.