Nevis Offshore Company

INCORPORATION OF THE NEVIS OFFSHORE COMPANY

Maritime International Limited offers confidential offshore companies in Nevis and most other major offshore jurisdictions. Our services include the formation of offshore companies, arrangements for offshore banking, trading accounts, trusts and various other offshore management services. We have either a law office or a registered Trust Company in each jurisdiction we offer, lisenced by the applicable government to handle the formation of offshore companies and trusts.

We provide a complete incorporation package which includes all legal documentation required to establish and operate your new offshore company. Documents are assembled and bound in an attractive and professional manner. Apostiles and notarization is available, if required.

ASSET PROTECTION

Nevis is a traditional offshore company jurisdiction in business since 1984. It is well known as a stable, secure and private offshore center.

Nevis is part of the two island state of St. Kitts & Nevis. It is an independent, sovereign English speaking nation, located in the Eastern Caribbean.

The Confidential Relations Act of 1985 guarantees the confidentiality of Nevis offshore companies and bank accounts. Offshore Exempt Companies incorporated in Nevis are free of all taxes. Salaries, dividends and interest may be distributed to shareholders free of tax and there are no capital gains or inheritance taxes. Registered or bearer shares are allowed. Note that by law, the original bearer shares must be kept in custody at the Registered Office. Copies are provided to the owners. There are no exchange controls. There are no minimum capital requirements.

The Nevis offshore company may conduct business and maintain bank accounts anywhere, have domiciliation facilities in Nevis, and administer or manage its offshore business affairs from Nevis or any other country.

There is no requirement for books or audited reports to be presented to any authorities.

St. Kitts & Nevis is an independent, sovereign nation and will not be affected by the current and future UK/EU legislation impacting the British Dependant Territories and Channel Islands.

NEVIS OFFSHORE COMPANY FEES

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OFFSHORE LEGISLATION

Offshore companies in Nevis are incorporated under the Nevis Business Corporation Ordinance Act of 1984 and amendments, and privacy is protected by the Confidential Relations Act of 1985.

An offshore company incorporated under this Act may engage in any legal business. A licence is required to engage in the business of banking, insurance, assurance, re-issuance, fund management, collective investment schemes or any other activity which is associated with the banking or insurance business.

An offshore company incorporated in Nevis has the same powers as a natural person.

Names requiring consent or a licence are: banks, building society, savings, loans, insurance, assurance, re-insurance, fund management, investment fund, municipal, Chamber of Commerce, University or their foreign equivalents.

Offshore companies in Nevis may use any of the following names or their abbreviations, to denote Limited Liability: Limited, Company, Corporation, Incorporated, Sociedad Anomina and Gesellschaft mit beschraenkter Haftung.

The minimum number of shareholders is one. The number of directors must not be less than the number of shareholders. A Company Secretary must be appointed. Directors, Secretary and shareholders may be of any nationality and resident anywhere. The Directors and company Secretary may be corporate entities. If desired, Maritime International Ltd will provide a nominee Director and nominee Secretary, at no extra cost.

An annual meeting of shareholders is required, but it may be held anywhere. Directors may meet anywhere and the meeting may also be held by telephone. Companies may be redomiciled into or out of Nevis.

The normal authorized share capital is either 1000 shares of no par value or US $100,000 par value shares. Additional incorporation fees are charged by government for amounts in excess of the above.

GENERAL INFORMATION ON NEVIS

Nevis is part of the twin island nation of St. Kitts & Nevis. Nevis is the smaller of the two islands, but has a well established position as a major offshore center.

St. Kitts & Nevis is an English speaking independent nation in the Leeward and Windward Islands of the Eastern Caribbean, approximately 2000 kilometers south-east of Miami. The population of St. Kitts is approximately 35,000 and Nevis is 8,500. The climate is excellent with tropical temperatures and cooling breezes.

St. Kitts & Nevis is a popular tourist destination for Americans and Europeans with many fine hotels. Nevis has the Four Seasons, a five star resort, with a world class 18 hole golf course and many luxurious homes around the course.

Nevis has excellent communications with worldwide direct dial and international services via a fibre optic network. There is a turbo-prop airport in Nevis and a jet airport in St. Kitts. There is also a high speed ferry from St. Kitts to Nevis run by the Four Seasons Hotel, as well as a public ferry and frequent local flights.

GOVERNMENT

Nevis was a British colony from 1628 to 1983 when it became independent and joined the Federation of St. Kitts & Nevis. The Federation is an active member of the British Commonwealth. St. Kitts & Nevis is a multi-party parliamentary democracy on the British model. Nevis also has its' own local Assembly Administration and local government.

St. Kitts and Nevis is a member of the United Nations and other international bodies.

LEGAL SYSTEMS

The legal system is based on English common law.

MONETARY SYSTEMS & EXCHANGE CONTROLS

St. Kitts & Nevis is a member of the Eastern Caribbean Central Bank. This is the Central Bank regulating all banks in the English speaking Eastern Caribbean.

The local currency in the Eastern Caribbean is the (EC) dollar but US dollars are widely used and are acceptable everywhere. The EC dollar has been pegged to the US dollar for many years at 1US$ = 2.6882 EC dollars.

There are no exchange controls and funds can be moved freely on and off the island.

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