Why St. Kitts and Nevis for Offshore Company Incorporation
St. Kitts and Nevis, a small two-island nation in the Caribbean, has emerged as…
St. Kitts & Nevis Company Formation
Register a company in St. Kitts & Nevis in 2 days with tax advantages, strong privacy protection, and dedicated assistance for seamless setup.
Benefits
Register a Company in St Kitts & Nevis
No income, capital gains, or inheritance taxes.
No tax on profits from trading business with CARIBCAN.
No requirement for annual financial records.
No searchable information on beneficial ownership.
No foreign exchange restrictions.
Member of the Commonwealth of Nations.
Legal system based on English law.
Nevis Company Formation Packages
Basic
US$1,290
- • Unlimited Name Availability Check: Ensure your chosen company name is unique and available.
- • Document Preparation and Filing: All necessary documentation is prepared and submitted on your behalf.
- • Expedited Incorporation Process: Company incorporation completed efficiently.
- • One Year of Secretarial Services: Comprehensive company secretarial support for one year.
- • One Year Registered Agent and Address: Provision of a local registered agent and address for one year.
- • All Government Fees Included for One Year: Covers all government-related fees for the first year.
- • Digital Corporate Documents: Receive all essential corporate documents in digital format.
This package provides all the necessary services for a foreigner to establish a new St. Kitts and Nevis International Business Company (IBC) from start to finish.
Standard
US$1,390
- • Everything in the Basic Package: Includes comprehensive services for setting up a St. Kitts and Nevis International Business Company (IBC).
- • Bank Account Opening: Assistance with opening a bank account.
- • One-Time Application Fee: Covers the application fee for one bank account.
- • Bank Account Introduction: Introduction service to any bank on the supported list.
- • Certificate of Incumbency: Provided if required.
Premium
US$1,450
- • Everything in the Standard Package: Includes all the comprehensive services provided in the standard package.
- • Premium Banking Support: Enhanced support for bank account services.
- • One-Time Application Fee: Covers the application fee for up to 5 banks or until the account is successfully opened, whichever comes first.
- • Consulting on Alternatives: Expert advice on suitable alternatives if the initial application is not approved.
- • Remote Bank Account Opening: Facilitates opening a bank account remotely.
- • Fast Response: Prompt assistance available even on weekends.
- • Frequent Updates: Regular updates on the bank account opening process to keep you informed.
Offshore Company Incorporation Process
KYC Documents Checklist
KYC documents are essential to verify the identity of individuals and corporations in St. Kitts and Nevis. Below, you’ll find a list of the required documents.
The following proofs are required for all company members including Directors, Shareholders, Ultimate Beneficial Owners (UBOs), and Contact persons.
- A certified true copy (scanned version) of the passport (valid for at least 6 months)
- A certified true copy (scanned version) of driver's license or national ID
- Bank reference letter & professional reference letter (minimum 3-year relationship), must be dated within the last 6 months and include the contact details of the issuer
- A Curriculum Vitae (C.V.), resumé, or LinkedIn profile
To establish the identity of a corporation or entity, it is necessary to provide company documents and proof of identity for its members.
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Frequently Asked Questions
How do I register an offshore company in Nevis?
To register an offshore company in Nevis, you must select a unique company name, appoint at least one director and one shareholder, and submit the required incorporation documents to the Nevis Financial Services Regulatory Commission (FSRC). The incorporation process typically takes one to two business days. Nevis International Business Companies (IBCs) must also have a registered agent and a registered office in Nevis to comply with the Nevis Business Corporation Ordinance.
What are the benefits of registering an offshore company in Nevis?
Nevis is a leading offshore jurisdiction offering tax neutrality, strong asset protection, and robust privacy laws. Offshore companies in Nevis benefit from no corporate tax, no capital gains tax, no withholding tax, and full foreign ownership. Nevis has strict corporate confidentiality laws, providing business owners with a high degree of privacy. The jurisdiction also offers strong legal protections against asset seizures and foreign judgments under the Nevis Business Corporation Ordinance.
What types of offshore companies can be formed in Nevis?
Nevis offers International Business Companies (IBCs) and Limited Liability Companies (LLCs). The Nevis IBC is commonly used for international trade, investment holding, and asset protection, while the Nevis LLC provides additional liability protection and flexible management structures, making it ideal for joint ventures and wealth management. Both company types are governed under the Nevis Business Corporation Ordinance and the Nevis Limited Liability Company Ordinance.
What documents are required to register an offshore company in Nevis?
To incorporate a Nevis IBC, the required documents include a passport copy for each director and shareholder, proof of address such as a utility bill or bank statement, the company name and business structure details, and the Memorandum and Articles of Incorporation. A registered agent licensed by the Nevis Financial Services Regulatory Commission is mandatory for compliance.
Do Nevis offshore companies have to pay taxes?
Nevis IBCs and LLCs are fully exempt from corporate income tax, capital gains tax, and withholding tax, provided they do not conduct business within St. Kitts and Nevis. This tax-free status is protected under the Nevis Business Corporation Ordinance. However, business owners should comply with tax regulations in their home countries.
Are bearer shares permitted in Nevis?
No, bearer shares are not permitted. All shares must be registered in the name of the shareholder to ensure compliance with international financial transparency and anti-money laundering (AML) regulations under the Nevis Financial Services Regulatory Commission.
What is the renewal process for an offshore company in Nevis?
Offshore companies in Nevis must renew their registration annually by paying the government renewal fee and maintaining a registered agent and office in the jurisdiction. The renewal process is overseen by the Nevis Financial Services Regulatory Commission.
Does Nevis impose taxes on offshore companies?
No, Nevis IBCs and LLCs are fully exempt from corporate tax, income tax, capital gains tax, and inheritance tax, provided they do not conduct business within Nevis. This tax-neutral status is a major advantage for international investors and businesses and is protected under the Nevis Business Corporation Ordinance.
Are there foreign currency restrictions in Nevis?
No, there are no foreign currency restrictions in Nevis. Offshore companies can conduct transactions in any currency without limitations. The Eastern Caribbean dollar is the official currency, but the US dollar is widely accepted, ensuring stability and ease of international business transactions. The financial system is regulated by the Eastern Caribbean Central Bank.
What are the annual compliance requirements for a Nevis IBC?
A Nevis IBC must maintain a registered agent and office in Nevis, renew its registration annually, and keep internal company records. Offshore companies are not required to file annual financial statements or undergo audits unless engaging in regulated activities such as banking, insurance, or investment fund management. Compliance is monitored by the Nevis Financial Services Regulatory Commission.
Is there a requirement to file annual financial statements?
 No, Nevis offshore companies are not required to file annual financial statements or tax returns. However, companies should maintain internal financial records in case of future regulatory requirements. The legal framework is outlined by the Nevis Business Corporation Ordinance.
Is it possible to open an offshore bank account for a Nevis IBC?
Yes, a Nevis IBC can open offshore bank accounts in major financial centers such as Switzerland, Singapore, Hong Kong, and the Caribbean. Nevis itself offers banking services through offshore-friendly institutions, providing multi-currency accounts, online banking, and financial privacy. The banking sector is regulated by the Eastern Caribbean Central Bank and the Nevis Financial Services Regulatory Commission.
What documents are required to open a bank account for a Nevis offshore company?
Most banks require a Certificate of Incorporation, Memorandum and Articles of Association, a resolution appointing authorized signatories, passport copies of directors and shareholders, proof of address, and a business plan or nature of business statement. Banks also require compliance documents such as Know Your Customer (KYC) and anti-money laundering (AML) records, in accordance with regulations set by the Nevis Financial Services Regulatory Commission and the Eastern Caribbean Central Bank.
Can a Nevis IBC open a bank account remotely?
Yes, many offshore banks allow Nevis IBCs to open accounts remotely without requiring a physical visit. The process varies by bank but generally includes submitting notarized or apostilled documents, video verification, or an introduction from a corporate service provider.
Some banks may also require a reference letter from an existing financial institution. Offshore banking regulations are overseen by the Nevis Financial Services Regulatory Commission.
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