Important Features of the Nevis Business Corporation Ordinance 1984

• No taxes are levied in Nevis upon income, dividends or distributions of a Nevis company which are not earned on the island. Corporate financial returns need not be filed in Nevis.
  
  
• Shareholders, directors and officers may be of any nationality and reside anywhere.
  
  
• No annual or other reports by the shareholders or directors are required to be filed in the public records of Nevis; changes of shareholders, directors or officers need not be reported to the Registrar of Companies in Nevis.
  
  
• Shares may be in registered or bearer form.
  
  
• Shares with par value may be denominated in any currency.
  
  
• A Managing Director may be appointed to guide the corporation's activities.
  
  
• The Corporate Secretary may be a corporation or an individual.
  
  
• Companies may serve as directors. Alternate or substitute directors may be appointed.
  
  
• Shareholders and directors may act by unanimous consent, without a meeting. Shareholders and directors may issue proxies in writing or by fax.
  
  
• The company's records and its principal office may be located anywhere.
  
  
• Nevis companies may amend their Articles of Incorporation, merge or consolidate with foreign corporations or other Nevis corporations, or file Articles of Dissolution in accordance with liberal provisions contained in the Ordinance.

Any corporation formed in another jurisdiction may redomicile on Nevis pursuant to certain easily followed provisions set forth in the Ordinance. Upon request, Beaumont Corporation will be pleased to furnish samples of forms necessary to effect such a redomiciliation.

APPROPRIATE PROFESSIONAL AND BANKING REFERENCES ARE REQUIRED BY BEAUMONT CORPORATION LIMITED PRIOR TO COMMENCEMENT OF BUSINESS WITH THE COMPANY.
BEAUMONT CORPORATION LIMITED ADHERES TO DUE DILIGENCE STANDARDS FOLLOWED IN ALL THE MAJOR OFFSHORE JURISDICTIONS.

We recommend that individuals and companies wishing to make use of Nevis as an offshore domicile obtain specialist advice from their professional advisors in their own jurisdiction.