Joint stock companies

Joint stock companies (JSC) are another type of offshore and onshore incorporated companies. JSC company is a company owned by shareholders. The shares of the company may be in uneven amounts to different persons and may be transferred(or sold) at any time to any other person without any damage to the company. JSC are sometimes also regarded as unlimited companies, this abbreviation is mostly used in the UK.

The Commonwealth of nations

The Commonwealth of nations is an intergovernmental organisation with Queen Elizabeth II as the head of the organization and the head of the 53 member states. 16 of the 53 three states fall under the monarch of the queen Elizabeth and are also known as the Commonwealth realms. The the members of the organization are united by language history and culture, shared values of human rights and rule of law. There is no political obligation between any two member states. The commonwealth manages to span over one fourth of the total land area of the world. The members states together produce over 17% of the total Gross Domestic product of the world.

Vanuatu

The country consists of more that 80 small islands and officially is called the Republic of Vanuatu. Located in the South Pacific Ocean more than two thousand km away from Australia and around 800 km west of the island of Fiji. The island was inhabited by the Melanesian population when is was discovered by an Portuguese navigator. The island was claimed as a property of Spain and named Espiritu Santo. Later the islands were claimed by the British and the country only started is independence movement in the 70’s.

Liberia

Officially the Republic of Liberia is relatively small country in Africa. The country is rich of quite diverse ethnic groups. Home to almost 4 million people and with one of the fastest population growing rates for the region. The climate of the county is quite harsh, as almost half of the year the area is blessed with heavy rainfall and the Hartman winds blowing hard for the rest of the year.

Nevis

Nevis is one of the islands in the Leeward island group and a part of the Federation of Saint Christopher(also known as Saint Kitts) and Nevis. The group can be found in the Caribbean sea. The two islands lay around 3 kilometers apart from each other, with a shallow channel called The Narrows connecting them and Saint Kitts being the largest island of the two. As the federation is also a part of the commonwealth realms, Queen Elizabeth II is the head of the state and also sometimes is referred to as the Queen of Saint Christopher and Nevis.

Economy

A large part of the economy used to consist of the production of sugar from locally grown sugar canes. But as some large natural disaster such as storms and hurricanes may wipe out a large part of some plantations, the government has shifted it’s focus from the production of the sugar canes to such areas as tourism, export-oriented manufacturing and offshore banking. Almost all the accounted income in Nevis is made from the offshore financial sector. Just the yearly fee of the 17 thousand registered banks amounts to more than 10% of GDP. In 1999 the Hurricane Lenny caused massive damage to the major part of the island. The economic crisis where evaded due the stable income from the offshore financial sector and some minor part of the economy comes from the income that derives from the investments for the purpose of acquiring a citizen ship in Nevis.

Incorporation

The two types of companies that are usually incorporated for the offshore use are offshore exempt company, and the second being offshore Limited Liability company. The usual time for company incorporation in Nevis ranges from a single day to a week.

Company name

The name of the company may be in any language as long as it uses Latin alphabet and if the name of the company is in language in any other than English the name of the company must be accompanied with the translation of the name in English. Also the company name must comply with the following rules: The name of the company may not be similar or the same to an already existing company. A name that may suggest any illegal activity and a name that may be offensive/undesirable for both the government and the registrar.

Company names that require a special license

Any names that may suggest such activities as banking, insurance, funds, loans, trusts and education facilities.

Language

The literacy rate for the country is 98%, one of the highest rates for the region. The official and mostly used language of the island is English.

Local requirements

An agent licensed by the minister of finance is required with a local registered office for the company. There are no requirements for a local secretary and the director of the company may be of any nationality and may reside anywhere in the world.

Yearly requirements

A company must pay a yearly license fee of at least 200USD or equivalent and prepare accounts for such events as inspections by government.

Iceland

Iceland is an island on the borders of the Atlantic and the Arctic oceans. The economy of the country has gone through some difficulties in the past, but since the country joined the European Economic Area, the economy has made a significant recovery. The country is among the top of the countries in the UN Human Development index.

Australia

Commonwealth of Australia is the a country that takes up a whole continent - the Australian continent and some smaller islands around it. For a while the country used to be a colony of the United Kingdom, now its a part of the commonwealth of Nations - a commonwealth realm. Having Queen Elizabeth II  as the leading constitutional monarch. Australia has one of the most diverse environments and wildlife, for this Australia is recognized as a “Megadiverse country”.