Nevis Offshore INC: Bearer shares are PERMITTED. Nevis company incorporation normally takes 2 to 5 working days. Search name availability for your Nevis NBCO. Payment of first year's government fees. No documents to sign. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. Company Shareholder & Director appointed electronically. US$10,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares. Register of Shareholders. Register of Directors, Secretaries. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Premier Package
£ 665.00
Renewal fees from £491.00
Nevis Offshore INC: Bearer shares are PERMITTED. Nevis company formation normally takes 2 to 5 working days. Search name availability for your Nevis NBCO. Payment of first year's government fees. US$10,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. WE PROVIDE A COMPANY NOMINEE DIRECTOR SERVICE for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares, Register of Shareholders, Directors and Secretaries. A nominee service agreement which provides for the indemnification of the nominees. Pre-signed undated Resignation Letter from the Director. Indemnity Letter to the Nominees. General Power of Attorney. An indemnity Letter for General Power of Attorney. Renewal Fees (payable annually from the second year): Registered Address, Nominee Director, Government fees.
Deluxe Package
£ 775.00
Renewal fees from £611.00
Nevis Offshore INC: Bearer shares are PERMITTED. Nevis company registration normally takes 2 to 5 working days. Search name availability for your Nevis NBCO. Payment of first year's government fees. US$10,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. We provide a company Nominee Director for the first year. We provide a company Nominee Shareholder for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares, Register of Shareholders, Directors and Secretaries. A nominee service agreement which provides for the indemnification of the nominees. Pre-signed undated Resignation Letter from the Director. Indemnity Letter to the Nominees, Declaration of Trust from the Nominee Shareholder. General Power of Attorney. An indemnity Letter for General Power of Attorney. Renewal Fees (payable annually from the second year): Registered Address, Nominee Director and Shareholder, Government fees.
Legal Requirements
The incorporation documents do not carry the name or identity of any shareholder. The names or identities of these persons do not appear in any public record. An IBC cannot trade within the Nevis Island or own real estate there. Company subscribers may be resident outside the Nevis. The company is required to have a registered office in the Nevis. You must appoint a minimum of 1 director. There is no maximum number of directors. Directors can be corporate bodies or private individuals. A director can be of any nationality. There has to be at least one shareholder. The names and address of shareholders are not available to the public. Shareholder and director may be the same person. There is no requirement for appointing local shareholder and director. There is no requirement for a resident secretary. There is no paid-in capital requirement. The minimum paid in and issued capital may be one share which is fully paid. Shares can be issued with or without par value. Shares may be issued in any recognizable currency or in more than one recognizable currency. NBCO records and accounts do not have to be held or filed with the authorities. The registered agent must be a trust company registered in the Nevis. Bearer shares are PERMITTED.
OFFSHORE ST. KITTS COMPANY FORMATION. INCORPORATE OFFSHORE COMPANY IN ST. KITTS AND NEVIS
Welcome to Coddan online Nevis Company formation agent. We offer Nevis NBCO incorporation services and ongoing company management in the Nevis Island. We provide Nevis ready-made companies and off-the shelf companies as well as a "Name of your choice" service. Ongoing registration agency and registered office services are provided for as well as legal advice and support services. We recommend reviewing this site in its entirety, so that you are knowledgeable of the Nevis jurisdiction and the powers granted to Nevisian companies. We will guide you through the process of incorporating your company and establishing your registered identity. Complete and submit an NBCO application form. Adequate completion and submission of this form, along with the provision of payment, will enable Coddan to incorporate your proposed Nevis offshore company within 2-5 business days. We will express mail your corporate documents to the mailing address you specify in your incorporation order. If you want to become familiar with the description and the contents of Nevis offshore companies incorporation packages, offered by Coddan and to find above, what kind of service is included in this or that Nevis off-shore companies registration package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within Nevis, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen. You are welcome to discuss whether Nevis offshore company is suitable for your purpose, both strategically and financially.
Coddan - online companies registration agent offering low-cost Nevis company formation. In this site, you will be able find a number of information sheets, downloadable documents, and tips to help you start and run a successful business. For just £500.00 we provide you with a complete Nevis companies formation package, ready to begin trading usually in under 2-5 days. Our prices include all Government and our professional fees and required documentation. Besides English, our experienced business consultants speak native Spanish, German, French, Polish and Russian languages and we can provide incorporation for non-British residents.
Our Service
Both corporations and individuals make substantial use of offshore companies as vehicles to protect and hold investment portfolios. Such portfolios may consist of stocks, bonds, cash, and other investments. Personal offshore holding companies are often used by high net worth individuals to hold investments made in different markets and countries. The ownership of overseas real estate and land by an offshore company can often create many tax advantages. Offshore trading companies are a proven efficient vehicle to expatriate capital and eliminate exchange controls restrictions through over-invoicing or under invoicing export/import transactions.
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Unlike most onshore jurisdictions, Nevis permits an International Business Company to issue either registered shares or BEARER SHARES or both. While the owner of a registered share is recorded on the books of the company, there is no recording requirement for a bearer share. Whoever has possession of the share is automatically deemed to be the owner absent a strong showing of fraud. A good example of a bearer instrument is cash! If you have it, then it is deemed to belong to you. Possession is at least nine-tenths of the law where bearer instruments are concerned. Thus Nevisian corporate ownership can remain completely anonymous via the use of bearer shares. Bearer shares can be issued to a nominee who assigns them to the owners and ownership is completely private.
Any corporation which does no business in Nevis shall not be subject to any corporate tax, income tax, withholding tax, stamp tax, asset tax, exchange controls, or other fees or taxes based upon or measured by assets or income originating outside of Nevis or in connection with other activities outside of Nevis or in connection with matters of corporate administration which may occur in Nevis, except fees on filing articles of incorporation and other documents and annual registration fee. An offshore entrepreneur or investor seeking a finely tuned common law regime with outstanding confidentiality and asset protection features may consider Nevis "zero tax vehicles" as the best choice.
Do you want to incorporate a new Nevisian International Business Company using YOUR OWN Directors, Secretary and Shareholder? You've come to the right place. Coddan® (Coddan is the trading name of Coddan CPM LTD (project of Coddan Holdings (UK) LTD) - online new business incorporator offering Nevisian company creation with no paper form filling, cheap, fast and easy new legal entities incorporation. We offer help and advice with starting an offshore business, business development, offshore financial planning, raising finance, corporate recovery, payroll, nominee directors and secretarial services.
The IBC registration process is quick and easy. Most companies adopt standard Bylaws, and the official review and approval process is completed in approximately 48-56 hours. The process for banks, trust companies, mutual funds and insurers is governed by additional, specific laws, and requires more detailed documentation. An IBC incorporated in Nevis is registered at the Registry of Companies. The Registry's files are publicly open to search, but the only information that is required to be filed with the Registry by an IBC is it's name, date of incorporation and the name and address of its registered office and registered agent in Nevis.
We offer the most complete, cost-effective and affordable online company set-up for small businesses. Unlike other companies who hide upfront costs, our fees are simple. We may offer you 2-5 days incorporation for only £500.00 - no hidden costs, memberships or other pricing strategies. In fact, we guarantee that our incorporating and secretarial service fees are the lowest that you will find. Coddan aims to provide you with a professional, yet affordable, range of business support services to enable you to incorporate and run your own successful business. Coddan offers related services: nominee secretary, nominee director, registered office facility, power of attorney signed in the presence of a notary, certified copy documents, such as certificates of incorporation, certificates of good standing, Apostille and legalisations at consulates, certified copies of documents, certified by a notary and any other documents for abroad, which require a notary stamp. How to Become a Nevisian International Business Company Click Here for More Details |
In addition, the following are the standard post-incorporation services generally available: Good standing certificates. Customized certificates to meet specialized business needs. Continuation or re-domiciliation in to or out of Nevis. Mergers of International Business Companies and foreign companies. Quick elementary searches of all companies registered in Nevis. Liquidation (voluntary dissolution and winding up) of solvent IBCs. Corporate restructuring and registration of related papers. Full corporate back office and administration services.
Do you know that it is possible to secure your wealth without having to leave your home or office? You can do so by registering an offshore incorporation; to be precise, an International Business Company (IBC) directly from your computer.
Assets can be placed in a safe offshore tax haven through a company formed in one of the following safest offshore jurisdictions, which are; British Virgin Islands, Belize, Gibraltar, Panama, Nevis, St. Vincent, St. Kitts and Seychelles. To elaborate on safest what we mean is that these jurisdictions are tax exempt! An offshore IBC can ideally be seen as a perfect instrument on the journey of achieving tax reduction and asset protection.
Coddan offers it's clients introductory banking services in association with many banks in the above spoken offshore locations and also to banks in the United Kingdom. The banks we work with understand and recognize the importance of being able to carry out instructions expeditiously with the provision of online banking and that of which provides information to the authorized user and the ability to enable them to accomplish inter-account or external electronic transactions.
Clients who prefer to provide instructions by fax can establish coded systems with the bank to ensure security and confidentiality. Coddan recommend banks who offer offshore IBCs a comprehensive range of credit card services for both personal and corporate accounts. Also, in most cases clients requiring credit cards may select their own credit limit by establishing a blocked security deposit. Coddan have considered the banks which provide the most competence and confidentiality to ensure all our clients will be satisfied with our services.
As ancillary services to the formation of offshore BVI companies, we can offer you the following services:
Nominee Directors from - £92.00 Nominee Company Secretaries from - £52.00 Nominee Shareholders from - £110.00 Registered Office and Agent - £325.00 (per year) Maintenance of Statutory Registers and Filing of Annual Returns Preparation of Special Resolutions from £50.00 Bank Introductions from - £400.00 Day-to-day Administration Telephone Answering Post Office Box Computerised Book-keeping and Production General Power of Attorney Notarial and Apostille Services from £125.00 International Re-invoicing Services You May Use This Form to Register a New Limited Company Click Here if You Want to Incorporate a Nevisian Company Online |
1. A company incorporated in Nevis has the same powers as a natural person. 2. Normally the authorised share capital is either 1,000 no par value shares or US$100,000 par value shares. 3. The minimum issued capital is one share of no par value or one share of par value. 4. Classes of shares permitted: registered shares, bearer shares, preference shares, redeemable shares and shares with or without par value. 5. A Nevis offshore exempt company is exempt from local taxation. 6. The minimum number of directors is three if the number of shareholders is three. If fewer than three, the number of directors may be equal to the number of shareholders. 7. The directors may be natural persons or bodies corporate and may be of any nationality and need not be residents of Nevis. 8. A Nevis exempt company must appoint a company secretary, who may be a natural person or a body corporate may be of any nationality and need not be resident in Nevis. 9. The minimum number of shareholders is one. 10. English is the official and commercial language of the Island. Nevis enjoys a literacy rate of 96%, one of the highest in the Western Hemisphere.
Nevisian Off-The-Shelf Companies: do you want to incorporate your business in Nevis Island or to transfer your activity to a new company and at the same time don't you want or cannot wait? Ready-Made Company is the answer. A ready made company is a private limited company that has already been incorporated as a general commercial company and is ready to trade immediately. Readymade company is ideal, if you need purchase house, flat or any other real estate. We have many Nevisian and other offshore jurisdictions Ready For Sale companies, which are ready to trade, and can be transferred to you within 2 days. We offer substantial consulting in completing the proper merging and organisation of a shelf company. Annual return dates, duties and company account return dates are dependent on the original date of incorporation not the purchases date. Please note that all our ready-made companies are formed with General Commercial objects and are therefore able to conduct any nature of business. Off-the-shelf and ready-made are companies which have been incorporated by Coddan in the past yet have not engaged in any business activities since their registration. Generally, aged companies are more valuable than new companies. You May Use This Link to Select a Ready-Made Company Let Me Check Your List of Ready-Made Companies |
ECONOMY BVI IBC registration package - £500.00. This package offers fast electronic company formations documents and like all of our incorporation products is usually completed with in 2-5 days. This package includes the submission and incorporation of your company at Companies Registrar, Certificate of Incorporation & Bylaws . Our fast few days' incorporation service which ENABLES YOU TO APPOINT YOUR OWN directors and shareholders and details straight away. Your company is then submitted for registration with your choices as the original company officers.
All Nevis registered companies are legally required to have a registered office address. It is the address of a company to which Companies Registrar letters and reminders will be sent. The registered office address must always be an effective address for delivering documents to the company, and to avoid delays it is important that all correspondence sent to this address is dealt with promptly. Our registered office address will be recorded at Companies Registrar and all official mail will be forwarded to your designated address. Please note that this address SHOULD NOT be used for any trading purposes or general correspondence. Please note registered office address is not to be used for general correspondence; our trade mail service is available for this purpose. You May Use This Form to Incorporate a New Company Economy Incorporation Package - £500.00 (incorporation, government taxes and government fees are included) |
PREMIER BVI IBC incorporation package - £665.00. Premier company incorporations are our premier offering. This package includes prepaid registered office and NOMINEE DIRECTOR SERVICE (incl. General Power of Attorney).
If you do not wish to disclose director and shareholder names and other personal details for the incorporation, we can provide a nominee director and a nominee shareholder. Usually one share is issued to the company director, who will issue a Declaration of Trust in favor of the company owner. This service has been designed to allow our clients to retain their privacy for legitimate reasons in a world where your personal information can easily be obtained by anyone that knows where to look. This service is not to be used for any illegal purposes.
We have designed a specialist service to provide our clients with anonymity from their limited company. By appointing our corporate nominee director you can remain anonymous from your company, as no personal details will be recorded at Companies Registrar. You will still control the company as an authorised representative but it will not be possible to search Companies Registrar records to identify you. If you combine the nominee director service with our nominee shareholder and nominee secretary then no reference will be made to you at Companies Registrar. You will however still retain full control and ownership of the company through our specialist agreements. You May Use This Form to Incorporate a New Company Premier Incorporation Package - £665.00 (incorporation, government taxes and government fees are included) |
DELUXE BVI business start-up package - £775.00. This package includes prepaid registered office, prepaid nominee director for 12 months (incl. General Power of Attorney) and nominee shareholder service.
Coddan provides Nominee Shareholders to serve as proxies for the company owners and to act on their behalf. Our corporate nominees will hold the shares for clients under a legally executed Declaration of Trust. Our fee covers the cost of reasonable handling of official documents, which will be sent via the normal postal service. This does not cover Trade correspondence or the use of express or courier services. The Nominee will respect the confidentiality of the Company and its Beneficiaries except with regard to authorities legally authorised to make proper enquiries. The Nominee will not become involved in the affairs of the Company or take responsibility for contracts or any trade matters. The Nominee relies on the Beneficiaries providing correct, up-to-date information including personal details. The Nominee maintains the right to refuse to sign documents that, in our opinion, may be misleading or unlawful. The Nominee is legally obliged to report evidence that may point to unlawful activity by the Company or the Beneficiary. A single Nominee can only represent a single beneficiary. Where a company has multiple Beneficiaries requiring nominees each Beneficiary will require a separate Nominee to represent them and vote as their proxy. A contract will be provided for each beneficiary. A renewal invoice is issued each year several weeks before the renewal date. If payment is not received this service will cease and the Nominee will resign.
There are many business structures entrepreneurs can choose from when it comes to setting up a business. Choosing a business structure can be a complicated task, however, the first step is to ascertain the best structure for your business needs. One option is to set-up your business as a registered company, such as a private limited or public company. Most companies registered in the United Kingdom are private companies and this is also the preferred option for most small businesses. The name of every shareholder of every company is recorded in both the company's statutory registers and at Companies Registrar. This information is therefore publicly available.
Some shareholders may require confidentiality for commercial reasons. For example, whilst directors may apply for confidentiality orders to keep their home addresses private, this facility is not available to shareholders. Companies may also wish to keep secret their ownership of development companies, for valid commercial reasons. The name of the nominee shareholder then appears on all public records relating to the shareholding. You May Use This Form to Setting-Up a New Company Deluxe Start Up Package - £775.00 (incorporation, government taxes and government fees are included) |
Live Help » Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours our business center will be closed. When you click on the button you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is absolutely free! There are no hidden fees. We offer the service as a courtesy to our website visitors. Dear visitors, while having a chat session with a customer, we are frequently requested to give a piece of advice on tax planning or business structuring. We would like to inform you that it is against our principles to provide online advice pertaining to these issues. The points that may be covered during a session include service description, package or service price, navigation at our website, ways of making an order, methods of payment etc. Yet, if you wish us to provide you with advice on tax or business structuring, you should be aware that this service is chargeable. If you have any questions please E-Mail or call us: 0800 081 1510 or +44 (0) 207 637 3881, fax: +44 20 7681 3318.
All our Nevis International Business Companies are general trading companies which include Certificate of Incorporation & By-laws, Registered Agent and Address in Nevis. 2-5 days incorporation service which enables you to appoint director & shareholders details straight away. This procedure applies to all or packs with the payment of all government fees. This pack is sent directly to you via DHL.
THE FOLLOWING UPGRADES CAN BE ADDED TO THE ABOVE PACKAGE:
1. Company Pliers Seals - £20.00. 2. Apostilled Certificate of Incorporation - £110.00. 3. Nominee Director service for 12 months - £166.00. 4. Nominee Shareholders service for 12 months - £110.00. 5. Apostilled Certificate of Good Standing £125.00. 6. Letter of Tax Exemption (Tax Certificate) £102.00.
Thank-you for visiting the website of Coddan. We hope that the site will be a valuable resource for clients and prospective clients who require up to date legal information in a quickly changing world. The decision of whom you choose to represent you is an important one. Please feel free to contact us with any questions you may have. We recognize that organising a corporation, partnership, or limited liability company can be a maze of paperwork and documentation. Let us help you in compiling and organising all the necessary documentation, and even assist you in deciding which business form would work best for you. The form of entity selected for the conduct of a business greatly impacts the daily operations of the business and the income tax consequences to both the business and its owners. Our services extend from the initial document preparation and filing with appropriate authorities, including post-formation activities such as preparation and adoption of By-laws and director/shareholder resolutions. Our lawyers have vast experience in dealing with many types of business entities, from start-up ventures to large corporations. Our lawyers assist start-up businesses in the choice of entity, whether corporation, limited liability company, general partnership, limited partnership, or limited liability partnership. Each of these entity choices offers its own unique set of advantages and disadvantages.
The key to setting up a successful business is properly defining the relationship among the owners. Our lawyers have experience in setting up these agreements, whether employment agreements, shareholder agreements, partnership agreements, or operating agreements.
St Kitts and Nevis are islands in the Caribbean Sea, total 261 sq km in area, population 40,000. The climate is tropical, tempered by constant sea breezes and there is little seasonal temperature variation. There can be hurricanes. The capital is Basseterre, on St Kitts. Bradshaw International Airport, near Basseterre, can handle large jets. There are now direct flights from New York, Philadelphia, Miami and Gatwick. St. Kitts became Britain's first colony in the West Indies with the founding of a settlement in 1623. The Federation of St Kitts and Nevis finally attained full political independence within the Commonwealth in 1983 and, in order to relieve the anxiety of Nevisvians, Nevis acquired autonomy within the Federation, together with its own Legislature and Cabinet. In 1998, a vote in Nevis on a referendum to separate from Saint Kitts fell short of the two-thirds majority needed. Unlike most other English speaking Caribbean jurisdictions, St Kitts and Nevis is neither a dependency, nor a crown colony of Britain, which appears to mean that it will not be subject to the EU's Savings Tax Directive.
The legal system is largely based on English Common Law, and appeal is to the Privy Council in London (shortly to be supplanted by the Caribbean Court of Appeal based in Trinidad and Tobago). Although sugar still dominates the agricultural sector, activities such as tourism, export-oriented manufacturing, and offshore banking have assumed larger roles in the economy. GDP was at best flat in 2002, but growth returned in 2003. The Federation's currency is the East Caribbean dollar, pegged at 2.7 to the US dollar. St Kitts and Nevis has offshore legislation as a Federation, but so does Nevis independently. On the whole, St Kitts focuses on attracting inward industrial and tourist investment, while Nevis concentrates more on offshore asset protection. Nevis has been particularly successful with its LLC (Limited Liability Company) legislation. In 2000, St Kitts and Nevis found itself on the OECD and FATF blacklists, but was removed from both after promising to tidy up legislative problems, which was done with a number on enactments in 2001-2003.
NEVIS FORMS OF COMPANY
Within the Federation of St Kitts and Nevis, the island of Nevis has a considerable degree of autonomy, which it has used to establish offshore legislation which is different from that of the Federation. Enterprises in Nevis can therefore choose between Federation and Nevis forms, while enterprises in St Kitts can use only Federation forms.
Nevis Private Company Formation Package - £550.00. Private Company (St Kitts & Nevis). Private companies may be limited by shares or by guarantee, and are formed under the Companies Act 1996, which has effect in St. Kitts and Nevis. They have the following characteristics: a minimum of one shareholder is required and a maximum of 50 are permitted. Either registered or bearer shares may be issued. Bearer shares must be deposited with a regulated company in St. Kitts. Nominee shareholder service is available for registered shares. Fractional and Treasury shares are permitted, but shares cannot be sold at a discount except for commission payments. Public offers of shares may not be made. A private company must have at least one director. Every company must have a secretary and may have one or more assistant secretaries who, or each of whom, may be an individual or a body corporate.
Every company must hold an annual general meeting unless all the members of a private company agree in writing not too. No annual returns required. Certain words are prohibited in company names and the company's name must end in "Limited," "Corporation" or their abbreviations. All companies must have a registered office in the Federation to which communications and notices may be addressed; however a registered agent is not required. Every company must keep a register of members.
One or more persons associated for a lawful purpose can form a company by subscribing their names to a Memorandum of Association written in the English language. Incorporators either adopt model Articles or draw up their own Articles of Association. These documents are submitted to the Registrar of Companies along with payment of a 540 East Caribbean dollars ($200) registration fee, after which a certificate is issued. In its Memorandum, a company limited by shares must state the maximum number of shares that the company is authorized to issue and the share value, which can be expressed in any currency but may not be printed on share certificates. A company limited by guarantee must state in its Memorandum the number of members it proposes to register and the amount of the guarantee expressed in any currency. Since the doctrine of ultra vires has been abolished, a company has the capacity, rights, powers and privileges of an individual. Perpetuity options are a limited life-span (with the number of years specified) or an unlimited life span. You May Use This Form to Incorporate a New Private Company Economy Incorporation Package - £550.00 (incorporation, government taxes and government fees are included) |
Public Company (St Kitts & Nevis). A public company is one that has more than 50 members, and is permitted to make public offerings of its shares. It needs three directors, of whom a least two are not employed by the company or related companies. Assistant secretaries can be individuals or corporations. Members' meetings can be conducted by electronic means, as long as members can hear each other's voices. Public companies must hold an annual general meeting while members of private companies can agree to dispense with this. The first general meeting must take place within 18 months after incorporation. Shareholders holding one-tenth of shares and members of a company limited by guarantee who hold one-tenth of voting rights can demand that directors call a general meeting. If directors do not comply, those who requisitioned a meeting (or requisitions of the group holding one-half of voting rights) can call a meeting themselves. A quorum consists of a least two members present in person or by proxy (1) holding at least one-third of value of issued shares with voting rights; or (2) one-third of voting rights of a company limited by guarantee. Special resolutions require a two-thirds vote. You May Use This Form to Incorporate a New Public Company Economy Incorporation Package - £550.00 (incorporation, government taxes and government fees are included) |
Exempt Private Company (St Kitts & Nevis). An exempt private company is a private company (as above), which pays no income, capital gains, withholding, or stamp taxes as long as it conducts business exclusively with persons who are not resident in the Federation. An annual fee of US$200 is payable to the government on filing of the annual return. Although company details are kept on the public register, inspection of the register by persons who are not members or officers of the company is not permitted. The law makes clear that an exempt company does not lose its tax waivers because of certain activities within the Federation including signing contracts or concluding arrangements for employing residents, purchasing goods and services, and exercising other powers to carry on its business such as holding directors' and members' meetings, transacting banking and reinsurance business, and conducting securities transactions or serving as adviser to Federation residents who enjoy exempt status.