This type of company is formed under the Nevis Business Corporation Ordinance, 1984 as amended, particularly in 2000, and is suitable for use as a holding company or an investment company. The legislation closely follows Delaware law and is useful to those familiar with this legislation. Characteristics of the IBC are as follows:

• Nothing required to be maintained in the place of incorporation except the Registered Agent’s details.
• Total tax exemption is automatically provided by law for IBC companies.
• No minimum capital required.
• Prior approval required of company name. Some words are sensitive eg Assurance, Bank, Trust etc. Must end 'Limited', 'Corporation', 'Incorporated', 'Societe Anonymne' , Gesellschaft mit beschraenkter Haftung or their abbreviations.
• Incorporation takes one or two days.
• Shelf companies are available.
• Capital duty is US$ 200 based on an authorised share capital of 1,000 shares at no par value or on $100,000 of par value shares.
• The minimum number of shareholders is one.
• Bearer shares and shares of no par value must be held by a custodian.
• The minimum number of directors is three, however, if there are fewer than three shareholders then there may also be fewer than three directors.
• A secretary is required who may be a company.
• There is no requirement for a registered office, but there must be a registered agent.
• Information available publicly consists of the articles of incorporation and the name of the registered agent.
• There is no requirement for the production or filing of accounts, and no annual return is required.
• Annual fees amount to US$200.
• IBCs do not have access to St Kitts and Nevis double tax treaties.