Nevis is not a traditional offshore that offers potential investors a zero-tax rate. The course towards attracting investments was made back in 1996 and was marked by the adoption of a law regulating the activities of offshore companies in Nevis.
Registration of a company in Saint Kitts and Nevis: features of the tax regime
When determining the subjects of taxation in the state, special attention is paid to their status. A company in Nevis is considered a resident if it is registered in the territory of the state or its management bodies are located here.
Offshore companies in Nevis pay taxes if they operate in the jurisdiction, as well as fees associated with the payment of interest on dividends. The rate is 10%. For residents, there is an obligation to pay income tax that was received worldwide, and not only when carrying out business activities in Nevis. The annual fee is 33%.
Offshore in Saint Kitts and Nevis with Positive Invest: advantages of jurisdiction
The use of a low-tax system of collecting fees from non-residents of the state makes Nevis one of the most popular jurisdictions for registering companies with foreign participation. The key strengths of this region include:
- The use of English by the local population and government bodies as one of the official forms of communication.
- Flexible approach to taxation of firms created by foreign investors.
- No obligation to provide financial and tax reporting, as well as audit documentation.
- Full confidentiality of information about the owner of the business. Disclosure of commercial information in the country is subject to criminal liability.
- Buying an offshore company in Nevis through Positive Invest specialists will give you the opportunity to open a business in one of the developing regions of the Caribbean Sea with a guarantee of capital protection from third-party interference, including government agencies.
Most often, a company is opened in the country in the form of an international IBC trust. Their activities within Nevis are strictly regulated by local law: they cannot provide services to the public, and also use the wording “Bank” or “Royal” in their names.