St Kitts & Nevis Company Formations | Request Quotation |
System Day provides you with expert assistance throughout every step of the company formation process.
To start the incorporation of your new company we require, the proposed company name, details of the company directors, shareholders and the proposed activities.
| St Kitts & Nevis Company Incorporation fees | St Kitts & Nevis Annual fees |
|---|---|
| Company Formation: £1400 | Registered Office and Resident Agent: £600 |
| Registered Office and Resident Agent: £600 | Government Renewal fee: US$300 |
| Government Incorporation fee: US$300 | Company Secretary: £420 |
| Company Secretary: £420 | Shareholder & Directors Register Maintenance: £180 |
The St. Kitts & Nevis Inland Revenue Department states all companies registered will be required to file a simplified Tax Return.
Registration Information Required
The following information is required for the company registrar:
- Proposed Company Name
- Description of Company Activities
- Shareholder & Director details
- St Kitts or Nevis registered agent services providing the registered office address
- Memorandum of Association and Articles of Association – which we draft for you
Company Incorporation Procedure
The Articles of Incorporation will include the following:
- Name of the company
- A statement that the company is incorporated under the International Business Company Act
- The purpose or purposes for which the Company is incorporated
- The succession of the company if other than perpetual
- The address of the company shall be the address of its Registered Agent
- The aggregate number of shares which the company shall have authority to issue
- Director details
- The articles must be signed by the incorporation and this signature must be notarised
- The registered agent files the Articles of Incorporation with the Registrar of Companies and Trusts.
Company Incorporation Documents
Once incorporated we provide a set of corporate documents which includes the Certificate of Incorporation, Memorandum of Association the Articles of Association, first minutes and share certificates.
Copies of the company documents are sent via email and the originals are sent to you in a corporate folder.
Registered Office – Registered Agent
Your new company must have a registered office and a registered agent in St Kitts or Nevis which is provided as part of our incorporation service.
Authorised and Issued Share Capital
- There is no minimum share capital
- Share capital may be expressed in any currency
- Your IBC may issue as few or as many shares as it deems desirable
- The standard share capital is US $50,000
- Although the share capital for a St Kitts & Nevis IBC is US$50,000 only a single share needs to be issued and may be in any currency.
Company Directors
- Directors may be of any nationality and may reside anywhere
- The names of directors do not appear in public records
- A corporate body may not be a director
- There is no requirement to appoint a local director
Company Shareholders
- Shareholders may be of any nationality
- A minimum of one shareholder is required.
- The names of shareholders do not appear in public record
- There is no requirement to appoint a resident shareholder
- The shareholders can be either corporations or individuals
Taxation of International Business Companies
Your International Business Company is exempt from income tax, capital gains tax, withholding tax and all stamp duty. Your company will be exempt from all estate, inheritance or succession tax.
The Inland Revenue Department require that all companies file a simplified Tax Return. This is a direct response to the calls from the European Union and the Organisation for Economic Cooperation and Development “to comply with international tax good governance principles.”
The directors of each entity will be required to sign a declaration and provide information regarding matters such as their tax residence, activities and income.
Directors & Management
There are no restrictions placed on the nationality or residency of directors. As incorporation agents we currently hold the position of directors, and on purchase of the company issue a directorship resignation. Through completing and signing the relevant forms you appoint new directors.
Once the new directors have been appointed all official company documentation will be issued, such as Certificate of Incorporation, Articles and Memorandum of Association and secretarial forms, although there is no obligation to appoint a company secretary.
Record Keeping Requirements
Although, in St Kitts and Nevis there is no requirement to file financial documents, accounts, annual returns, shareholder and director registers with the company’s registry these documents must still be produced and maintained with the registered agent, or an alternative address supplied.
A corporation or company is obligated to keep all articles, minutes and consent actions, notices, and other documents it has filed. Corporate registers should include names and addresses of shareholders or members, directors or managers, and beneficial owners. If these registers are not kept with the Registered Agent, the Registered Agent must be provided with the physical address where the registers are kept. Failure to maintain the aforementioned corporate documentation will render the company liable to a penalty up to $10,000.