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Nevis: Country Profile

[ Nevis LLC Factsheet ] [ Nevis Co. Factsheet ] [ Application for Company ] [ Private Trust Company ] [ Nevis: Country Profile ] [ Nevis Annual Renewal ] [ Nevis Public Holidays ]

Nevis is a small island in the Caribbean, paired with the island of St. Kitts (also known as St. Christopher), and home to approximately 46,000 residents (mostly living on St. Kitts, rather than Nevis). There are only a little over 11,000 people living on Nevis. Historically, St. Kitts & Nevis were a British Colony, and they gained independence from Britain in 1983.

The principal language spoken is English, and the capital is Basseterre (St. Kitts). The principal town in Nevis is Charlestown.

The legal system in Nevis is the English common law system.

The island's principal sources of income are tourism and the offshore services industry. The currency used in Nevis is the East Caribbean Dollar, which is valued at approximately USD 0.37. USD $1.00 = 2.685 XCD. The US Dollar is widely used and accepted in Nevis.

Nevis time zone: -4 GMT, which is the same as Eastern Time, but it does not operate with daylight savings.

In term of taxes, Nevis is a tax-neutral jurisdiction, especially for trusts, limited partnerships and non-resident exempt companies (commonly known as IBCs).

Applicable taxes:

Personal income tax - not applicable
Corporate Tax - not applicable to trusts, limited partnerships and non-resident exempt companies (IBCs and LLCs)
With-holding Tax - not applicable to trusts, limited partnerships and non-resident exempt companies (IBCs and LLCs)
Capital Gains Tax - not applicable to trusts, limited partnerships and non-resident exempt companies (IBCs and LLCs)
Estate tax - not applicable
Death or Gift duties - not applicable

One of the numerous benefits of Nevis is that it is not on the Venezuelan blacklist (tax havens), and therefore can be used for doing business with Venezuela.

For more information regarding Nevis Companies and our services, please contact us.

[ Nevis LLC Factsheet ] [ Nevis Co. Factsheet ] [ Application for Company ] [ Private Trust Company ] [ Nevis: Country Profile ] [ Nevis Annual Renewal ] [ Nevis Public Holidays ]

Last modified 17-Oct-2007 19:42 -0400

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[ Nevis LLC Factsheet ] [ Nevis Co. Factsheet ] [ Application for Company ] [ Private Trust Company ] [ Nevis: Country Profile ] [ Nevis Annual Renewal ] [ Nevis Public Holidays ]

Last edited: 04-Oct-2008