Off-shore Companies: Nevis

IBC Formation:
Nevis has a long road inside the offshore sector, starting to create their own business center in 1984, acquiring and knowing how to established a good fame because of their strict laws about privacy and their excellent assets protection.
At the time of forming a company it could be created under any name given by you, but you have to make sure that the provided name does not contain any disrespectful or insulting language, and it should be unique because if it’s similar to another company name it would be rejected.
The last part of the chosen name for the company as always end with a legal suffix such as: Corporation, IBC, S.A., Societe Anonyme, Ltd, Sociedad Anonima, Incorporated, and others.
Legislation
The NBCO are under the laws of Nevis Business Corporation Ordinance since 1984, and they had a few modifications in 2002.

IBC Structure
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.
Directors
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.
Taxation
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.
Privacy
In Nevis is not necessary to register the names of the shareholders or the directors in the public records.
Records/Books
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.