According to the Development and Marketing Department of the Nevis Ministry of Finance and Development, the various international visits undertaken by government and finance sector representatives over the past year have begun to pay dividends in terms of increased company registration levels.
The Department explained recently that after a visit by the Premier of Nevis, Hon. Vance Amory and the Director of the Development & Marketing Department, Dr. Agatha Jeffers-Gooden to Jersey and Guernsey in September 2003, tangible benefits became evident as a significant increase in the registration of new companies followed.
It added that at the Isle of Man Road Show which took place in March 2004, investors expressed their interests in registering a significant number of companies and undertaking other business opportunities in Nevis, and revealed that the Offshore Registry is beginning to notice the positive benefits of those assurances.
Evidence of the significant increase in business can be seen for the first four months of 2004, where there has been a 35% increase in new registration of IBC's, LLC's and International Trusts as compared to the same period in 2003.
Furthermore, the Department revealed, the revenue for 2004 is also expected to surpass the amount budgeted for the year.
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