Banking and Communications Nevis has a strong banking system consisting of several major institutions. Local laws assure complete confidentiality of banking and financial records. The official currency is the Eastern Caribbean Dollar which is pegged to the U.S Dollar. Foreign transactions can, however, be made in any currency. There is no exchange control in Nevis.
Telecommunications are state of the art and all major courier companies service the island.
The legal system is based upon English common law. There is a high court and a regional Court of Appeal. The ultimate appellate court is the Privy Council in London. Nevis provides a friendly tax environment including exemption for offshore companies, limited partnerships and trusts from any tax. Copyright 2000 AMS Trustees Limited.