St' Kitts and Nevis

Nevis is a small island located in the Caribbean Islands and geographically belongs to the small Island Federation of St. Kitts and Nevis. This independent Caribbean nation is a member of the British Commonwealth, as well as trade and economic integration of the Caribbean CARICOM.  
 
Although Nevis is only 93 sq km with a population of about 11,500 people, the island is considered to be a well-developed and world famous offshore centre due to the nature of its legislations aiming to protect the privacy of the founders and persons registered in Nevis, and to the protection of assets of these entities (for instance, any claims against the legal entity registered in Nevis can be submitted only to the Nevis court and the case cannot be brought to the courts of any other jurisdictions.
 
In combination with the second citizenship program for the Federation of Saint Kitts and Nevis which is in place for the past 30 years, the jurisdiction is a great opportunity for building a competent offshore strategy.

Key Corporate Features and Requirements

General

• Type of entity: International Business Company (IBC) or Limited Liability Company (LLC)
• Type of law: Common Law
• Shelf Companies available: Yes
• Time to establish a new company: 3-5 days
• Corporate taxation: Nil
• Double taxation treaty access: Nevis holds a double tax treaty agreement with the countries listed in CARICOM
• Standard currency: US$ (Dollars)
• Permitted currencies: Any                 

Directors

• Minimum number: Three (By Google)
• Local required: Possible but not required
• Publicly accessible records: No
• Ability to use a nominal director: Yes
• Ability to use a legal person as a director: Yes
• Location of meetings: Anywhere 

Shareholders

• Minimum number: One
• Publicly accessible records: No
• Location of meetings: Anywhere
• Company Secretary required: Yes

Accounts

• Requirement to prepare: Yes
• Audit requirements: No
• Requirement to file accounts: No
• Publicly accessible accounts: No 

Other

• Requirement to file annual return: No
• Change in domicile permitted: Yes