No, bearer shares are not permitted in Nevis. According to the Nevis Business Corporation (Amendment) Ordinance, 2023, effective from August 24, 2023, corporations are prohibited from issuing, converting, or exchanging bearer shares. Existing bearer shares must be converted to registered shares within six months of the ordinance’s commencement. Non-compliance may result in penalties of up to USD 10,000. This legal reform applies to any Nevis corporation, ensuring greater transparency and alignment with international regulatory standards.