We specialise in matters that fall within our Companies Act and have a wealth of experience in giving general commercial and business advice and in drafting commercial documents. We are experienced in all aspects of business services and foreign investment. In addition, our team provides advice on commercial transactions, advising corporations on their legal rights and duties, including the duties and responsibilities of corporate officers.
Incorporate a Company
As your Authorised Corporate Service Provider will be responsible for preparing company statues to be delivered to the Registrar of Companies along with the prescribed fees. Once the Registrar of Companies is satisfied with the documentation, a certificate of incorporation will be issued to in the name of that company.
Types of Companies
The Companies Act makes provision for the formation of Ordinary Companies and International Companies. Both types of company may be limited by shares or by guarantee, or by both shares and guarantee (Hybrid Companies). The International Company (which is not subject to income, capital gains or withholding taxes in St. Kitts provided it conducts business with persons who are not resident in St. Kitts and Nevis) is the type of company preferred for international transactions.There are no minimum capital requirements.
To incorporate a company under the Company’s Act, the following we must submit the following information:
Nature of business
Director’s personal details
Shareholder’s personal details
Corporate Secretary’s personal details
Registered Office Address
Memorandum of Association and Articles of Association (we prepare)
Re-domicile a Company
Company redomiciliation is the process by which a company moves its “domicile” (place of incorporation) from one country to another by changing the country under whose laws it is registered, whilst maintaining the same legal identity. St. Kitts & Nevis is the perfect jurisdiction for companies looking for more attractive jurisdictions to continue their international business activities. The Companies Act and the Re-Domiciliation Regulations provide for companies formed and registered in a foreign jurisdiction to make a request to the Registrar of Companies for the continuation of a company in St. Kitts & Nevis where certain conditions are met: The jurisdiction where the company was constituted must have a provision in the law that authorises the continuation and registration of the company abroad; and The company’s charter, statutes, or memorandum, and articles of association provide for or authorise the continuation and registration of the company abroad.
Virtual Asset Business
The St. Kitts-Nevis Government has enacted the Virtual Asset Act 2020 for the regulation of virtual asset business from St. Kitts and Nevis and with persons in St. Kitts and Nevis and for related matters. Under the Act “virtual asset” means a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes and does not include digital representations of fiat currency or security; and “virtual asset business” means the conduct of one or more of the following activities or operations for or on behalf of another person (a) exchange between a virtual asset and fiat currency; (b) exchange between one or more forms of virtual assets; (c) transfer of a virtual asset whether or not for value; (d) safekeeping or administration of a virtual asset or instruments enabling control over a virtual asset; and (e) participation in and provision of financial services related to an issue or sale of a virtual asset;
Nevis is an excellent jurisdiction in which to establish a Limited Liability Company (LLC). The Nevis Limited Liability Company Ordinance was passed in 1995 and remains a first choice for those seeking a full range of financial services and products including asset management and protection, company formation and administration, insurance, foundations, mutual funds administration, offshore banking, investment management, and trust services.
The limited liability company has distinct rights and liabilities separate from its managers or members. As a result, the LLC is liable for its own obligations, debts and liabilities.