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To | British Mint |
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| St. Kitts And Nevis Offshore Company (IBC) | Only US$199 |
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Why Choose Nevis And St. Kitts?
THE NEVIS BUSINESS CORPORATION ORDINANCE, 1984 The Nevis Business Corporation Ordinance is considered by many international attorneys to be the most flexible corporate statute available from any offshore center. Corporation Ordinance features:
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GENERAL INFORMATION: Nevis is situated at 17 north latitude and 52 west longitude and is located in the Leeward Islands approximately 2,000 km south-east of Miami. Mount Nevis lies in the center of the 92 sq. km Island and towers 985 meters. Columbus sighted and named the Island on his second voyage in 1493. The climate is nearly perfect and the variation in altitude and soil conditions creates a natural garden of tropical vegetation ranging from rain to near desert.
POPULATION: The population of Nevis is 8,500 with 35,000 residents in the neighboring island of St. Kitts.
POLITICAL STRUCTURE: Nevis was a British colony from 1628 until 1983 when it became independent and joined the Federation of St. Kitts and Nevis. The Federation is an active member of the British Commonwealth. Nevis is a vigorous democracy based upon the British Parliamentary system with an elected local assembly. An independent study has ranked the Federation of St. Kitts and Nevis as one of the ten freest nations in the world for seven years running.
INFRASTRUCTURE AND ECONOMY: Excellent communications facilities offer direct dialing from the US, Canada and Europe. World-wide telex, facsimile and telegraph services are operated by Cable and Wireless. Direct air services to North America are provided by BWIA and Air Canada on a scheduled basis. LIAT, WINAIR and American Eagle link Nevis with other Caribbean Islands. From Europe, service is provided by British Airways, Lufthansa, Air France and Iberia via stops in neighboring Islands.
Nevis does not have a deep-water port; however, it has an important mooring basin for yachts.
The economy has traditionally depended on the growing and processing of sugar cane; decreasing world prices have hurt the industry in recent years. Tourism and export oriented manufacturing have begun to assume larger roles, although they still only represent approximately 7% and 4% respectively of GDP. Growth in the construction and tourism sectors has spurred the economic expansion of the Island. Most food is imported.
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LANGUAGE:
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.
CURRENCY: Eastern Caribbean Dollar, which is fixed to the US Dollar. EXCHANGE CONTROL: None. TYPE OF LAW: Common Law based on English Common Law. PRINCIPAL CORPORATE LEGISLATION: Nevis Business Corporation Ordinance 1984. TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT: Offshore Exempt Company (NBCO). PROCEDURE TO INCORPORATE: By submission of the Articles of Incorporation to the Registrar of Companies, together with the appropriate fee. | 
Nevis; Like Nowhere Else
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RESTRICTIONS ON TRADING: A Nevis company incorporated under the Business Corporation Ordinance 1984 may not trade within Nevis, or own real estate there. A company incorporated under the said Act may not engage in the business of banking, insurance, assurance, reinsurance, fund management, collective investment schemes or any other activity that would suggest an association with the banking or Insurance industries.
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POWERS OF COMPANY:
A company incorporated in Nevis has the same powers as a natural person.
LANGUAGE OF LEGISLATION AND CORPORATE DOCUMENTS: English. NAME APPROVAL REQUIRED: Yes. SHELF COMPANIES AVAILABLE: Yes. TIME TO INCORPORATE: 24 Hours NAME RESTRICTIONS: Any name that is identical to or similar to an existing company. Any name that in the opinion of the Registrar is undesirable or suggests an illegal activity or any name that may imply government patronage. LANGUAGE OF NAME: May be in any language that uses the Latin alphabet. The Registrar may request an English translation if a foreign language name is used. | 
Nevis; The Ultimate Freedom
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NAMES REQUIRING CONSENT OR LICENSE: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, municipal, Chamber of Commerce, university or their foreign language equivalent.
SUFFIXES TO DENOTE LIMITED LIABILITY: Limited, Company, Corporation, Incorporated, Sociedad Anonima, Gesellschaft mit beshränkter Haftung or their abbreviations.
DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES: None.
AUTHORIZED AND ISSUED SHARE CAPITAL: Normally the authorized share capital is either 1,000 no par value shares or US$ 100,000 par value shares. The minimum issued capital is one share of no par value or one share of par value.
CLASSES OF SHARES PERMITTED: Registered shares, bearer shares, preference shares, redeemable shares and shares with or without par value.
BEARER SHARES PERMITTED: Yes.
TAXATION: A Nevis offshore exempt company is exempt from local taxation.
LICENSE FEES: There is an annual registration fee of US$ 200 payable to the Minister of Finance.
DOUBLE TAXATION AGREEMENTS: Although Nevis does have double tax agreements, a company incorporated under the Nevis Business Corporation Ordinance 1984 cannot obtain any treaty relief through them.
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FINANCIAL STATEMENT REQUIREMENTS:
Whilst there is no requirement to submit or file audited financial statements, a Nevis company is required to maintain financial records to reflect the financial position of the company.
DIRECTORS: 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. The directors may be natural persons or bodies corporate and may be of any nationality and need not be residents of Nevis. COMPANY SECRETARY: 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. SHAREHOLDERS: The minimum number of shareholders is one. |
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| Type of Company | Exempt |
| Political Stability | Excellent |
| Common or Civil Law | Common |
| Disclosure of Beneficial Owner | No |
| Migration of Domicile Permitted | Yes |
| Tax on Offshore Profits | No |
| Language of Name | Latin or other alphabet |
| Minimum Number of Shareholders | One |
| Minimum Number of Directors | One |
| Bearer Shares Allowed | Yes |
| Corporate Directors Permitted | Yes |
| Company Secretary Required | Yes |
| Standard Authorized Share Capital | US$ 100,000 |
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| Registered Office/Agent | Yes |
| Company Secretary | Yes |
| Local Directors | No |
| Local Meetings | No |
| Government Register of Directors | No |
| Government Register of Shareholders | No |
| Annual Return | No |
| Submit Accounts | No |
| Minimum Annual Tax/License Fee | US$ 200 |
| Annual Return Filing Fee | US$ 75 |
Mailing, Fax, Telephone And Office Facilities: As part of the domiciliary service fee we provide clients with a registered office address in the country of incorporation but clients may find it convenient to arrange for mail forwarding, fax and telephone facilities through our Switzerland, Cayman Islands, London or other British Mint's world-wide offices. This service may be especially useful where, for example, the company is opening bank accounts. Normally the bank would address statements and other correspondence to the company at the address of the client but this results in a loss of confidentiality in that the connection between the company name and the client will be automatically made.
To safeguard against this mail can be directed to our offices and we can re-mail those letters in a plain envelope addressed to the client or otherwise as the client directs. An additional advantage of using our re-mailing services is that the provision of a re-mailing address through one of our prestigiously located offices in the onshore jurisdictions may allow the offshore company to appear to be domiciled on-shore and thereby give that company an added degree if respectability.
For example, your offshore company could quote British Mint London office address on its letterhead and thereby appear to be domiciled in the UK. This procedure is particularly attractive if the Hong Kong address is used as a Hong Kong company is not required to quote its registered office address on its letterhead. Thus if an offshore company were to quote a Hong Kong address it would be indistinguishable from the letterhead, from a normal Hong Kong trading company.The charge for this service is only $275 per annum.
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Trust Services:
Using a trust to own the shares of an offshore company can result in very substantial tax and non-tax related advantages which will accrue both on death and during the lifetime of the trust settler. These advantages may include:
Saving Of Inheritance Tax: On death, the Inheritance tax which would normally be assessed on the value of shares would generally be eradicated. Asset Protection: Assets placed into trust are generally beyond the reach of creditors who might arise as a result of financial difficulties, divorce proceedings, litigation, etc. Avoidance Of Probate: A trust provides a means whereby assets can be smoothly passed on to the next generation without the disruption, delays substantial costs, loss of confidentiality associated with the probate procedure which necessarily follows when assets are bequeathed by will. Continuity: Trusts provide a means whereby assets can continue to be administered in accordance with the wishes of the settlor after his death so the weak can be protected from others and the spend-thrift can be protected from himself. Lifetime Tax Savings: During lifetime, substantial income and capital gains tax advantages may result from setting up the trust. Using the service of one of our licensed trust companies, we are pleased to act as trustee for a suitably drafted discretionary trust and the cost of this service would be from US$500 for setting up the trust deed and from US$500 per annum for the provision of trustee services. |
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Other Services:
British Mint provides a wide range of administrative and documentary services including, but not limited to legalization and notarizing of documents, credit cards, yacht and ship registration, invoicing, documentary trade services, trade finance applications, accounting, consulting and immigration services.
VIP Package: Available at slightly higher cost |
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Confused?
The average person is frequently confused by the complexity of international tax planning and discouraged by the substantial costs involved in an offshore company formation or registering of a bank or trust in a tax haven. The registration costs and ongoing yearly administration expenses frequently exceed what the average person could save in taxes. British Mint Group has a new program to answer those concerns. We provide the simple, secure, private and low cost answer for the person who is just starting out or the veteran who now understands that simplicity is the essence of genius. Our survey has shown that this solution answers all of the needs for 100% of the persons seeking to go offshore. |
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The program includes bearer shares so that complete anonymity is guaranteed, documentation and support services so that you can open a financial account under your complete control, where and when you wish, and flexibility so that you can change your financial affairs to reflect your future needs.
We trust that we have clarified the intriguing world of St. Kitts and Nevis IBCs. We will be happy to answer any questions you may have, relating to this opportunity and provide you with additional details regarding any of our devoted services.
If you would like to obtain further details of the legislation
surrounding the formation of an International Business Company (IBC) In St. Kitts and Nevis
or wish to discuss any matter in complete confidence, please
click here
to contact:
Mr. John Cooper
Vice President
British Mint
Offshore Services.
Please click here to explain us the full particulars of your situation and what you wish to accomplish. We will review your situation very carefully and offer to you a custom fitted solution. 95% of the time the solution will be simple to understand and 100% of the time it will be the least expensive alternative.
| Please feel free to contact British Mint if you believe the formation of a St. Kitts and Nevis IBC at the present time may be appropriate in your particular situation. Any communication with us is considered PRIVILEGED and CONFIDENTIAL. |
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British Mint is in a position to assist new and established clients in opening personal and corporate offshore bank or trust accounts, denominated in almost every currency, in over 125 of offshore jurisdictions world-wide, including:
New Zealand, Australia, Chile, The Dominican Republic, Ireland, Argentina, Belize, Brazil, Spain, Italy, Costa Rica, Venezuela, Uruguay, Prague, Bodrum, The Spanish-Moroccan Tax Havens, The Madeira Tax Haven of Portugal, The Jamaican Free Trade Zones, The Dominican Republic Free Trade Zones, Campione D'Italia, Andorra, Poland, The Eastern Turkish Border and Tbilisi, Mozambique, Guatemala, The Virgin Islands, The Philippine Islands, and Anguilla are just some of the countries and places featured.
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There is only one British Mint. Our scope, financial strength, balance, depth of talent and integrity have made us our clients' trusted global advisor. |  |
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