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Home > Offshore Jurisdictions > Nevis
Offshore Company Formation NevisGereral Information about Nevis The islands of Nevis, St. Kitts and Anguilla are to be found in the northern part of the Leeward Islands in the Eastern Caribbean at latitude 17 deg. North, longitude 62 deg. West. They were settled by the British is 1623. Anguilla seceded from the federation in 1961 and the remaining islands achieved internal self-government in 1967 and independence in 1983. The population is about 39,000 and the land area 261 sq. km. The main industries are agriculture, tourism and financial services. The language is English and the currency the Eastern Caribbean dollar. United States currency circulates freely. The State of St. Kitts and Nevis is a parliamentary democracy. The Head of State is the British monarch who is represented on the Islands by the Governor General. The National Assembly is directly elected and the Prime Minister is the leader of the party, which won the election. Nevis Financial Services The financial services industry is concentrated on the island of Nevis and came into being with the passing of the Nevis Business Company Ordinance 1984. This was followed by the Nevis Limited Liability Ordinance 1995 and further legislation covering banking, insurance and fund management. In 1999 further legislation required any business wishing to engage in the formation and management of companies and trusts must be licensed to do so. The finance sector is supervised by a Government Department, the Regulation and Supervision Department. The form of corporate vehicle used by non-residents is the Nevis Offshore Exempt Company. The company has all the powers of a natural person but is not permitted to trade in Nevis or to own real estate there. The Nevis Offshore Company must have a Registered Agent in Nevis but, except for this, the directors and officers can reside and run the company from anywhere in the world. There is no disclosure of beneficial interest.
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