Nevis Business Corporation Ordinance 1984
The Nevis Business Corporation Ordinance is modeled in large part on the United States Delaware Corporate statutes combined with English Law. A company formed under this Ordinance is the equivalent of what is commonly termed as an International Business Company (IBC). The legislation is contemporary and user-friendly and is continuously updated to ensure that it remains progressive and innovative.
Nevis International Exempt Trust Ordinance 1994
The Nevis International Exempt Trust Ordinance was passed by the Nevis Island Assembly in 1994. The Ordinance governs the establishment and operation of international trusts and is an amalgamation of the more progressive international trust legislation of various jurisdictions combined with innovative provisions to form a totally unique product. When combined with an NBCO, users can create powerful asset protection vehicles. Today, the Nevis International Exempt Trust Ordinance, 1994 is considered by professional advisors to be one of the best in the world.
Nevis Limited Liability Company Ordinance 1995
The Nevis LLC is a business entity that provides an alternative to those who might consider using corporations or partnerships. The owners of the Nevis LLC are referred to as members, who may be thought of in the same way as one thinks of partners in a partnership, or shareholders in a corporation. Their precise characterization depends on the nature of the LLC management. The management may be vested in all of its members as in a general partnership. Alternatively, the company may be run by designated managers, who may, but need not come from the ranks of the members. As such, it might be like a limited partnership or a corporation with general partners or officers and directors, respectively.