Nevis is an island located in the Caribbean Sea and forms the Federation of Saint Kitts and Nevis with the neighbouring island of Saint Kitts. The island is a popular destination for the incorporation of companies, international insurance and reinsurance. Nevis Island was heavily relying on sugar plantations and tourism in the past but when a hurricane destroyed the largest tourist venue in the late nineties, the government decided to focus on offshore-accounting. The government’s annual revenue has almost doubled ever since.
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