Starting Up in Offshore Business. How to Start a Business in Nevis or St. Kitts
. This website aim to help you understand some of the many things you need to think about when you are incorporating and running a low-tax business. You can now incorporate your Nevisian Business Company online using our company registration agent, Coddan CPM - an online limited companies formation agent in Nevis and St. Kitts. Our company is designed to provide information and guidance in starting and developing foreign business within the Nevis. Allow us to help you start-up your offshore company and get it running, to select the best business for incorporation, or to register your business with the Nevis Companies Registrar. Company formations usually completed in 2-5 working days using online company incorporation services.
We supply expert advice in navigating Nevis & St. Kitts legal and business systems helping you set up in Nevis, St. Kitts, Hong Kong, Cyprus, British Virgin Islands Ireland, Belize, Panama and in Gibraltar, etc. If you have an idea for a business, we can also assist you in start-up your new offshore corporation directly in Nevis from the ground up. In Nevis, you must register your business, which we can do for you. Coddan CPM also offers a host of additional offshore administrative services, including: nominee directors and shareholders, invoicing, re-invoicing, handling of letters of credit and all related commercial documentation. Registration of P. O. Box, telephone and mail forwarding, accounting and bookkeeping services. We are able to offer our clients, both private and corporate, a complete range of banking facilities including corporate accounts, electronically managed accounts (via the internet), high yield savings accounts, and coded accounts. Let us know how we can help.
You can update the price banner on the main offshore services page with the relevant information from below:
Further information
Same day company incorporation in Nevis, online Nevis corporation and Nevis LLC filing service. What are Nevis Incorporated Companies? We provide Nevis company formation, company secretarial services and virtual office to business starters residing in any country. Nevis company incorporation, Nevis company formation, Nevis company registration and provision of virtual office and full legal support. A guide to doing business in Nevis for the entrepreneurial small to medium sized business. Everything you need to know about doing business in Nevis: business hours, business contacts, temporary offices, courier services and more. Sells shelf companies and forms tailor-made companies in Nevis. They are ruled by the Law of Incorporated Companies and are divided into two categories: open and closed. The closed Nevis incorporated companies are those that do not present any of the characteristics previously described. If it is not specifically set by the law, this type of society can be run in the same way that an open tax-free or tax-shelter incorporated company. These relate to Nevis companies, Nevis Incorporated Societies, Charitable Trusts, Unit Trusts, Friendly Societies, Credit Unions, Building Societies and LTD, INC, IBC, SA and GmbH and Provident Societies.
The registrar issues a certificate of registration for each business name registered. Companies with limited liability provide a framework for investment in business. This is a question you need to ask during the start-up Nevis, and evolution of your company. Learn what you need to know about incorporating your small business.
They help foster confidence in businesses by governing the relationships between investors (shareholders), directors and creditors and by giving stakeholders a clearer picture of who and what they are dealing with. Nevis Virtual Office services, phone, fax and mail forwarding from Offshore, Flexible Serviced & Virtual Offices, Part-Time & Permanent Space. A Companies Register that records basic details about every company helps build this confidence. All forms needed for manually registering a company, and for post-registration maintenance (such as address changes) are available online. There are a variety of reasons for getting Nevis limited liability via registering as a company. It limits the liability of company directors, which usually equates to those on the management committee (who will also be the charity trustees if it is a charity). They are still liable for negligent conduct - lawyers will find some other exceptions but that is the main one.
Employing staff, taking up a lease or owning property are common prompts to get limited liability. The free essential resource for starting up your own business. Apostille. Example of an apostille (Offshore, UK or USA). What is an apostille? An apostille is a special seal applied by an authority to certify Apostilled.
We specialize in the forming Offshore Nevis LLC, maintaining and utilization of Nevis Offshore corporations incorporation and Nevis Limited Liability Companies registration for people and businesses worldwide. We register Nevis corporations tax-free jurisdictions for US, UK & international clients, provide Nevis registered agent and Nevis resident address services. Whether you want a full office with nominee officers or just resident agent service we are here to help you through every step that your offshore business Nevis may take. At Coddan we assist clients with the first step of incorporate Nevis company, we can assist you establishing your Nevis company with minimal effort and time. If you are involved in any activities dealing with customers or the public or in any service related industry, it may be in your best interest to incorporate off-shore. In today's litigious society, you should do everything possible to protect your home, your personal finances, and your family from being subjected to having to satisfy a legal judgment.
Incorporate low-tax jurisdiction Nevis company online. Save money & time when forming low-tax business entity. An online resource for incorporating Nevis corporations, LLCs and limited partnerships in Offshore jurisdictions. Offshore registered agent services also provided, Apostille and Nevis Nominee services. Nevis Small Business, Starting Small Business, Startup, Business Start-up Information, Business Portal, offshore Small Business Start-up Ideas. We provide our clients with full expert assistance throughout every step of the Nevis formation process, however our service does not stop there. We will give you any assistance or advice related to Seychelles company formation matters from the moment you choose to incorporate with us and for as long after Nevis incorporation as you may require. Online incorporation and LLC services for businesses wanting to incorporate in the Nevis. An addition to our service is the continuous online support for all our clients via the Internet and Email. Clients may even register for their companies with us online, a quicker and more accurate procedure for launching your company. Incorporate in Nevis: Why Nevis corporations are popular for business. Nevis incorporation service: incorporate your business in Nevis, incorporate a business, incorporation fees, and fees for incorporating online.
Incorporating in Nevis has another major benefit: affordable costs. For most cases you only need to pay the Nevis incorporator company or individual, pay the rent for a registered agent and the yearly franchise tax. Being a tax heaven, your Nevis company will pay income tax only for operations made within the state, making it ideal for off shores. Speaking of this, many international individuals and companies decide to incorporate in Offshore both for the tax benefits and for developing a serious and prestigious brand as an offshore company.
Forming Offshore Corporations Nevis has been a growing trend in recent years. When you incorporate in offshore, your business can enjoy a level of privacy not available in other countries. In addition, Nevada also offers a high level of liability protection, asset protection, and numerous tax benefits. Providers of incorporation, corporate accountancy and related services to help business form corporations, create an LLC, or register an S Corporations. Why Incorporate in tax-haven? Tax Havens corporate statutes started with those of Offshore and then went even further, establishing a corporate structure that allows investors and owners of Nevada corporations to remain completely private - an advantage that is unique throughout the world.
Nevis Offshore INC: Bearer shares are PERMITTED. Nevis company incorporation normally takes 2 to 5 working days. Search name availability for your Nevis NBCO. Payment of first year's government fees. No documents to sign. Applicant appointed as company founding Director. Applicant appointed as company Shareholder. Company Shareholder & Director appointed electronically. US$10,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares. Register of Shareholders. Register of Directors, Secretaries. Renewal Fees (payable annually from the second year): Registered Address, Government fees.
Premier Package
£ 665.00
Renewal fees from £491.00
Nevis Offshore INC: Bearer shares are PERMITTED. Nevis company formation normally takes 2 to 5 working days. Search name availability for your Nevis NBCO. Payment of first year's government fees. US$10,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. WE PROVIDE A COMPANY NOMINEE DIRECTOR SERVICE for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares, Register of Shareholders, Directors and Secretaries. A nominee service agreement which provides for the indemnification of the nominees. Pre-signed undated Resignation Letter from the Director. Indemnity Letter to the Nominees. General Power of Attorney. An indemnity Letter for General Power of Attorney. Renewal Fees (payable annually from the second year): Registered Address, Nominee Director, Government fees.
Deluxe Package
£ 775.00
Renewal fees from £611.00
Nevis Offshore INC: Bearer shares are PERMITTED. Nevis company registration normally takes 2 to 5 working days. Search name availability for your Nevis NBCO. Payment of first year's government fees. US$10,000.00 Authorised Share Capital. Preparation & filing of Memorandum & Articles of Association at Registry. Registered Agent & Registered Office fees for the first year. We provide a company Nominee Director for the first year. We provide a company Nominee Shareholder for the first year. The following documents will be delivered via FedEx or DHL: Certificate of Incorporation. Printed bound copy of Memorandum & Articles of Association. Minutes of the First Meeting of the Board of Directors. Issuance of shares, Register of Shareholders, Directors and Secretaries. A nominee service agreement which provides for the indemnification of the nominees. Pre-signed undated Resignation Letter from the Director. Indemnity Letter to the Nominees, Declaration of Trust from the Nominee Shareholder. General Power of Attorney. An indemnity Letter for General Power of Attorney. Renewal Fees (payable annually from the second year): Registered Address, Nominee Director and Shareholder, Government fees.
Legal Requirements
The incorporation documents do not carry the name or identity of any shareholder. The names or identities of these persons do not appear in any public record. An IBC cannot trade within the Nevis Island or own real estate there. Company subscribers may be resident outside the Nevis. The company is required to have a registered office in the Nevis. You must appoint a minimum of 1 director. There is no maximum number of directors. Directors can be corporate bodies or private individuals. A director can be of any nationality. There has to be at least one shareholder. The names and address of shareholders are not available to the public. Shareholder and director may be the same person. There is no requirement for appointing local shareholder and director. There is no requirement for a resident secretary. There is no paid-in capital requirement. The minimum paid in and issued capital may be one share which is fully paid. Shares can be issued with or without par value. Shares may be issued in any recognizable currency or in more than one recognizable currency. NBCO records and accounts do not have to be held or filed with the authorities. The registered agent must be a trust company registered in the Nevis. Bearer shares are PERMITTED.
NEVIS OFFSHORE COMPANY FORMATIONS. NEVIS IBC INCORPORATION AND REGISTRATION
Welcome to Coddan online Nevis International Business Company (NBCO) formation agent. We recommend reviewing this site in its entirety, so that you are knowledgeable of the Nevis jurisdiction and the powers granted to Nevis offshore companies. We will guide you through the process of registering your off-shore company and establishing your registered identity. Complete and submit an NBCO application form. Adequate completion and submission of this form, along with the provision of payment, will enable Coddan to incorporate your proposed company within three business days. We will express mail your corporate documents to the mailing address you specify in your incorporation order. If you want to become familiar with the description and the contents of Nevis companies formation packages, offered by Coddan and to find above, what kind of service is included in this or that Nevisian companies incorporation package, to get an idea about the price of annual renewal of the service, and about the general legal requirements to the company incorporation within Nevis Island, please, select the package you need from the list, situated below the banner. The information in the banner will be renewed according to the package you've chosen.
All IBCs are free from all forms of Nevisian taxation. There are no Nevisian taxes on dividends, income or capital distribution or wages whatsoever. Moreover, unlike many onshore jurisdictions, Nevis does not tax an IBC for accumulated (but undistributed) earnings. The wealth of your IBC can grow continually and will be free from Nevisian tax. At Coddan, we combine this powerful advantage with a powerful option to have a Panamanian Foundation own the shared of the IBC.
There is no need for you to be on Nevis to conduct the affairs of your Nevisian IBC. Banking, contract signing, and investing can all be handled remotely and remain in compliance with Nevisian law. Of course, even Nevis does have minimal requirements for its IBCs to follow. These minimal requirements include having at least a single shareholder, having three directors (unless the IBC has less than three shareholders), having a registered agent and a registered office, and payment of an annual fee - all of which can be administered for you by Coddan. Although not strictly required under Nevisian law, your IBC may conduct periodic meetings even if you elect not to attend.
Our Service
Both corporations and individuals make substantial use of offshore companies as vehicles to protect and hold investment portfolios. Such portfolios may consist of stocks, bonds, cash, and other investments. Personal offshore holding companies are often used by high net worth individuals to hold investments made in different markets and countries. The ownership of overseas real estate and land by an offshore company can often create many tax advantages. Offshore trading companies are a proven efficient vehicle to expatriate capital and eliminate exchange controls restrictions through over-invoicing or under invoicing export/import transactions.
Related Articles
All of the affairs of a Nevisian IBC are private and cannot be disclosed except under truly extraordinary circumstances. The only document that needs to be filed with the government is the annual corporate license and this contains minimal information. There is no requirement than an annual report or annual financial return be disclosed to the government. Nevis does not require any government inspection of your IBC's financial or business records.
Nevisian law permits the use of nominee shareholders, officers and directors. This means that Coddan can act as a nominee (substitute) director and officer on behalf of IBC's. Thus the true directors, officers and shareholders can remain undisclosed.
Unlike most onshore jurisdictions, Nevis permits an IBC to issue either registered shares or bearer shares or both. While the owner of a registered share is recorded on the books of the company, there is no recording requirement for a bearer share. Whoever has possession of the share is automatically deemed to be the owner absent a strong showing of fraud. A good example of a bearer instrument is cash! If you have it, then it is deemed to belong to you. Possession is at least nine-tenths of the law where bearer instruments are concerned. Thus Nevisian corporate ownership can remain completely anonymous via the use of bearer shares. Bearer shares can be issued to a nominee who assigns them to the owners and ownership is completely private. How to Become a Nevisian International Business Company Click Here for More Details |
Please note » The prices payable for the items that you order are clearly set out in the web site. There will be no contract of any kind between you and us unless and until we receive payment from you. We act as your agent in the incorporation of offshore companies. We are not able to guarantee that any such filing will be acceptable to Companies Registrar , nor are there any contractual obligation upon us to do so. If Companies Registrar rejects incorporation or other filing, we will credit your account with a full refund and the contract between us will be made void. Companies Registrar does not offer a cancellation facility for the incorporation of companies or the filing of documents. We will be unable to cancel any such submission on your behalf and will not refund any payment you have made. All prices shown at Coddan Web Site are in Great British pounds. Credit cards are the preferred method of payment; we accept VISA, MasterCard and Delta. We can accept payment in UK Pounds Sterling, US Dollars, Euros, Australian Dollars and Canadian Dollars.
Live Help » Live Help is a real time "chat" feature which enables you to interact with a customer service representative without a phone call. Get answers to your questions while using our website. Clicking the "Live Help" button will start an on-line session with one of our representatives. Live Help is currently available during normal business hours. Outside of the above opening hours our business center will be closed. When you click on the button you will see an e-mail form that will allow you to send us a mail with your questions. Live Help is absolutely free! There are no hidden fees. We offer the service as a courtesy to our website visitors. Dear visitors, while having a chat session with a customer, we are frequently requested to give a piece of advice on tax planning or business structuring. We would like to inform you that it is against our principles to provide online advice pertaining to these issues. The points that may be covered during a session include service description, package or service price, navigation at our website, ways of making an order, methods of payment etc. Yet, if you wish us to provide you with advice on tax or business structuring, you should be aware that this service is chargeable. If you have any questions please E-Mail or call us: 0800 081 1510 or +44 (0) 207 637 3881, fax: +44 20 7681 3318.
CORPORATE PURPOSES AND POWERS
Corporations may be organized under Business Corporation Ordinance for any lawful business purpose or purposes. Subject to any limitations provided in Business Corporation Ordinance or any other law of Nevis or its articles of incorporation, every corporation shall have power in furtherance of its corporate purposes irrespective of corporate benefit and whether or not enumerated in its articles: to have perpetual succession. To sue and be sued in all courts of competent jurisdiction. To have a corporate seal, and to alter such seal at pleasure, and to use it by causing it or a facsimile to be affixed or impressed or reproduced in any other manner. To purchase, receive, take by grant, gift, devise, bequest, or otherwise, lease or otherwise acquire, own, hold, improve, employ, use and otherwise deal in and with, real or personal property, or any interest therein, wherever situated.
To sell, convey, lease, exchange, transfer or otherwise dispose of, or mortgage or pledge, or create a security interest in, all or any of its real or personal property, or any interest therein. To purchase, take, receive, subscribe for, or otherwise acquire, own, hold, vote, employ, sell, lend, lease, exchange, transfer, or otherwise dispose of, mortgage, and pledge, bonds and other obligations, shares, or other securities or interests issued by others, whether engaged in similar or different business, governmental, or other activities. To make contracts, give guarantees and incur liabilities, borrow money at such rates of interest as the corporation may determine, issue its notes, bonds, and other obligations, and secure any of its obligations by mortgage or pledge of all or any of its property or any interest therein, wherever situated, in any currency.
1. A company incorporated in Nevis has the same powers as a natural person. 2. Normally the authorised share capital is either 1,000 no par value shares or US$100,000 par value shares. 3. The minimum issued capital is one share of no par value or one share of par value. 4. Classes of shares permitted: registered shares, bearer shares, preference shares, redeemable shares and shares with or without par value. 5. A Nevis offshore exempt company is exempt from local taxation. 6. The minimum number of directors is three if the number of shareholders is three. If fewer than three, the number of directors may be equal to the number of shareholders. 7. The directors may be natural persons or bodies corporate and may be of any nationality and need not be residents of Nevis. 8. A Nevis exempt company must appoint a company secretary, who may be a natural person or a body corporate may be of any nationality and need not be resident in Nevis. 9. The minimum number of shareholders is one. 10. English is the official and commercial language of the Island. Nevis enjoys a literacy rate of 96%, one of the highest in the Western Hemisphere.
To lend money, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested, in any currency. To do business, carry on its operations, and have offices and exercise the powers granted by this Part in any jurisdiction within or without Nevis. To elect or appoint officers, managing directors, employees and other agents of the corporation, define their duties; fix their compensation, and the compensation of directors, and to indemnify corporate personnel. To adopt, amend or repeal bylaws relating to the business of the corporation, the conduct of its affairs, its rights or powers or the rights or powers of its shareholders, directors or officers. To make donations for the public welfare or for charitable, educational, scientific, civic or similar purposes. To pay pensions and establish pension plans, pension trusts, profit sharing plans, stock bonus plans, stock option plans and other incentive plans for any or all of its directors, officers, and employees.
To purchase, receive, take, or otherwise acquire, own, hold, sell, lend, exchange, transfer or otherwise dispose of, pledge, use and otherwise deal in and with its own shares. To be a promoter, incorporator, partner, member, associate, or manager of any partnership, corporation, joint venture, trust or other enterprise. To have and exercise all powers necessary or convenient to effect any or all of the purposes for which the corporation is formed. To be recognized and to be domiciled or domesticated within or without Nevis, and to change the situs of said domicile or domestication from time to time.
To protect the assets of the corporation for the benefit of the corporation, its creditors and its members, and at the discretion of the directors, for any person having a direct or in direct interest in the company. A guarantee may be given by a corporation not in furtherance of its corporate purposes, when authorized at a meeting of shareholders by vote of the holders of a majority of all outstanding shares entitled to vote thereon. If authorized by a like vote, such guarantee may be secured by a mortgage or pledge of, or the creation of a security interest in, all or any part of the corporate property, or any interest therein, wherever situated.
No act of a corporation and no transfer of real or personal property to or by a corporation, otherwise lawful, shall be invalid by reason of the fact that the corporation was without capacity or power to do such act or to make or receive such transfer, but such lack of capacity or power may be asserted: in an action by a shareholder against the corporation to enjoin the doing of any act or the transfer of real or personal property by or to the corporation. If the unauthorized act or transfer sought to be enjoined is being, or is to be, performed or made under any contract to which the corporation is a party, the court may, if all of the parties to the contract are parties to the action and if it deems the same to be equitable, set aside and enjoin the performance of such contract, and in so doing may allow to the corporation or to the other parties to the contract, as the case may be, such compensation as may be equitable for the loss or damage sustained by any of them from the action of the court in setting aside and enjoining the performance of such contract; provided that anticipated profits to be derived from the performance of the contract shall not be awarded by the court as a loss or damage sustained.
In an action by the corporation, whether acting directly or through a receiver, trustee, or other legal representative, or through shareholders in a derivative suit against the incumbent or former officers or directors of the corporation for loss or damage due to their unauthorized act; and in a proceeding by the High Court to dissolve the corporation, or to enjoin it from the doing of unauthorized business. A corporation shall be a legal entity considered in law a fictional person with separate rights and liabilities, distinct from its shareholders or members. The corporation shall be a proper plaintiff in a suit to assert a legal right of the corporation and a proper defendant in a suit to assert a legal right against the corporation; and the naming of a shareholder, member, director, officer or employee of the corporation as a party to a suit in Nevis or elsewhere to represent the corporation is subject to a motion to dismiss if such party is the sole party to sue or defend, or subject to a motion for misjoinder if such party is joined with another party who is a proper party and has been joined only to represent the corporation. Unless otherwise provided by law, the directors, officers, employees and shareholders of a corporation shall not be liable for corporate debts and obligations.
SERVICE OF PROCESS; REGISTERED AGENT
A corporation subject to Business Corporation Ordinance shall at all times have a registered agent in St. Christopher and Nevis. A corporation, which fails to maintain a registered agent in St. Christopher and Nevis, shall be in contravention of Business Corporation Ordinance. Service of process on a registered agent may be made by registered mail addressed to the registered agent or in any other manner provided by law for the service of summons as if the registered agent were a defendant. Any registered agent of a corporation may resign as such agent upon filing a written notice thereof, executed in duplicate, with the Registrar of Companies, who shall cause a copy thereof to be sent by registered mail to the corporation at the address of the office of the corporation or, if none, at the last known address of a person at whose request the corporation was formed. No designation of a new registered agent shall be accepted for filing unless all charges owing to the former agent shall have been paid.
A designation of a registered agent under this section may be made, revoked, or changed by filing an appropriate notification with the Registrar of Companies. The designation of a registered agent shall terminate upon the expiration of thirty days written notice of resignation directed to the corporation and the filing of a copy of said notice of resignation with the Registrar of Companies; or sooner if a successor agent is designated. A registered agent, when served with process, notice or demand for the corporation which he represents, shall transmit the same to the corporation by personal notification or in the following manner: Upon receipt of the process, notice or demand, the registered agent shall cause a copy of such paper to be mailed to the corporation named therein at its last known address. Such mailing shall be by registered mail. As soon thereafter as possible if process was issued in Nevis, the registered agent may file with the clerk of the court issuing the process either the receipt of such registered mailing or an affidavit stating that such mailing has been made, signed by the registered agent, or if the agent is a corporation, by an officer of the same, properly notarized. Compliance with the provisions of this section shall relieve the registered agent from any further obligation to the corporation for service of the process, notice or demand, but the agent's failure to comply with the provisions of this section shall in no way affect the validity of the service of the process, notice or demand.
Whenever a corporation subject to Business Corporation Ordinance fails to maintain an authorized agent in Nevis, or whenever said registered agent cannot with reasonable diligence be found at his business address, then the Registrar of Companies or his appointee shall be an agent of such corporation upon whom any process or notice or demand required or permitted by law to be served may be served.
Service on the Registrar of Companies or his appointee as agent of a corporation shall be made by personally delivering to and leaving with him or his deputy or with any person authorized by the Registrar of Companies to receive such service, at the office of the Registrar of Companies, duplicate copies of such process together with the statutory fee. The Registrar of Companies or his appointee shall promptly send one of such copies by registered mail, return receipt requested, to such corporation at the business address of its registered agent, or if there is no such office, then the Registrar of Companies or his appointee shall mail such copy in care of any director named in the articles of incorporation at his address stated therein or at the address of the corporation without Nevis, or if none, at the last known address of a person at whose request the corporation was formed or in any other manner permitted by Law.
ARTICLES OF INCORPORATION
All our Nevis International Business Companies are general trading companies which include Certificate of Incorporation & By-laws, Registered Agent and Address in Nevis. 2-5 days incorporation service which enables you to appoint director & shareholders details straight away. This procedure applies to all or packs with the payment of all government fees. This pack is sent directly to you via DHL.
THE FOLLOWING UPGRADES CAN BE ADDED TO THE ABOVE PACKAGE:
1. Company Pliers Seals - £20.00. 2. Apostilled Certificate of Incorporation - £110.00. 3. Nominee Director service for 12 months - £166.00. 4. Nominee Shareholders service for 12 months - £110.00. 5. Apostilled Certificate of Good Standing £125.00. 6. Letter of Tax Exemption (Tax Certificate) £102.00.
The articles of incorporation shall set forth: the name of the corporation; a statement that the corporation is formed under Business Corporation Ordinance; the succession of the corporation if other than perpetual; the purpose or purposes for which the corporation is organized. It shall be sufficient to state, either alone or with other businesses or purposes, that the purpose of the corporation is to engage in any lawful act or activity for which corporations may be organized under Business Corporation Ordinance, and by such statement all lawful acts and activities shall be within the purposes of the corporation, except for express limitations, if any. The address of the corporation in Nevis, which shall be the address of its registered agent. The aggregate number of shares which the corporation shall have authority to issue; if such shares are to consist of one class only, the par value of each of such shares, or a statement that all of such shares are without par value; or if such shares are to be divided into classes, the number of shares of each class, and a statement of the par value of the shares of each class or that such shares are to be without par value.
If the shares are to be divided into classes, the designation of each class and a statement of the preferences, limitations, and relative rights in respect of the shares of each class. The number of shares to be issued as registered shares and as bearer shares and whether registered shares may be exchanged for bearer shares and bearer shares for registered shares. If bearer shares are authorized to be issued, appropriate procedural provisions respecting the rights and obligations of bearer shareholders including those relating to notice of meetings or other action, payment of dividends and, qualification for voting; or, a statement that the provisions required by (i) above shall be set forth in the bylaws. If the corporation is to issue the shares of any preferred or special class in series, then the designation of each series and a statement of the variations in the relative rights and preferences as between series insofar as the same are to be fixed in the articles of incorporation, and a statement of any authority to be vested in the board of directors to establish series and fix and determine the variations in the relative rights and preferences as between series.
If the initial directors are to be named in the articles of incorporation, the names and address