Due to the total tax exemption and privacy, which is automatically provided by law to the Nevis Offshore Exempt Company (NBCO), in combination to the multiple Residential and Citizenship opportunities provided via investment, as also to the non imposition of any limitation in connection to corporate ownership and no tax on income derived from outside Nevis, this jurisdiction is very beneficial and promising for company formation purposes.
The incorporation process takes 1 day and the tax on offshore profits and exchange controls are non-existent.
The jurisdiction’s Local Requirements are limited to the existence of a Registered Office/Registered Agent which/who is to be located in Nevis with no obligation attached as to the presence of a local Company Secretary, Director or with the legal obligation that the meetings of the company take place in Nevis, as the location of the Board Meetings, can be placed anywhere in the world as also the company’s administration. The minimum number of Directors is 3 and of Shareholders is 1.
There are no requirements whatsoever in connection to the disclosure of information of any party interested in regard to the company, thus, providing a maximum privacy safety net. Furthermore there are no Annual Filing Requirements attached i.e. there exists no obligation for the submission of the company’s Annual Return or Audited Accounts.
The issuance of bearer shares is acceptable provided that they are held by an approved Custodian. Company re-domiciliation is also permitted, as also, the acquiring of shelf companies and the appointment of Corporate Directors.
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