Special Features of the Nevis Business Corporation Ordinance 1984 (as Amended)

No taxes are levied in Nevis upon income, dividends or distributions of a Nevis company. Corporate financial returns need not be filed in Nevis.

Shareholders, directors and officers may be of any nationality and reside anywhere.(Subject however to tax consequences of the particular jurisdiction)

No annual or other reports by shareholders or directors are required to be filed in the public records of Nevis. Similarly, Shareholders, Directors or officers need not be reported to Nevis company authorities.

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 a proxy in writing or by telex.

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 provisions of the Ordinance.

Corporations formed in other jurisdictions may "redomicile" to Nevis.