The NBCO are under the laws of Nevis Business Corporation Ordinance since 1984, and they had a few modifications in 2002.
- Only one director or shareholder required for the company’s formation.
- Shareholder(s) and director(s) may be the same person.
- The shareholder(s) and director(s) can be a natural person.
- There is no requirement of resident secretary.
All business companies in Nevis can have one or more person or corporate directors and they can be of any nationality. Without the needs of any statutory meetings to be held you can have them all or do business activities not being in the country at distance.
In Nevis they offer investors the benefit of a zero (0) Tax exception like all the offshore jurisdictions for foreigners around any commercial activity or commercial transactions made outside the country.
In Nevis is not necessary to register the names of the shareholders or the directors in the public records.
By law an Nevis BCO should keep accounting records that are able to explain all the transactions of the company and will be enable to show the position of the company with reasonable accuracy. The books and records will not be show in the public records it should be kept at the registered office of the company.