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Vanuatu Company. Vanuatu Company Registration. Benefits of Vanuatu Offshore Company

KGN Services specializes in Vanuatu Company Registration and opening bank accounts

Vanuatu Company – Overview

When it comes to offshore businesses and tax havens, Vanuatu ranks among the most popular. In fact, it features amongst the most sought out locations such as the BVI, Bermuda, Cayman Islands and Jersey. The group of 80 islands in the South Pacific Ocean made it to the international “white list” members of countries by OECD (Organisation for Economic Co-operation and Development) in June 2011. Investors of Vanuatu International Companies (VIC) are drawn by the flexible system created by the tax laws in this offshore financial centre.

Advantages of Vanuatu Company Registration for International Business

What advantages make Vanuatu an attractive place for international businesses?

    1. Vanuatu International Companies have been exempt from taxes for over 2 decades. The IBCs were incorporated by the Vanuatu International Companies Act in 1992. This legislation is very similar to other IBC laws around the world. The government is keen in protecting this tax haven industry since as of 2015 it provided about 15% of Vanuatu’s GDP.
    2. International Companies don’t pay domestic taxes from their net chargeable profits. The International Companies Act exempts your international business and shareholders from business licence fees, tax on income, capital gains and also stamp duty.
    3. The directors can have their meetings whenever, and wherever they choose, and in whichever manner they find necessary or desirable. The same case applies when planning for shareholders meetings. You will not be required to hold annual general meetings. Neither will you need to file annual returns.
    4. In fact, there are no requirements describing the manner in which the books and the records of accounts are to be kept. Furthermore, your Vanuatu Company can keep its accounts, minutes, records, or register in any location in the world. The records are to be kept as you deem necessary to reflect the financial position of the company. In addition, you are not required to appoint an auditor.
    5. There is ease of operation. When registering, your business only requires to have one director. Hence, you can go it solo if you wish. The Vanuatu IBC can have a natural or legal person as director. This person can be of any nationality. In addition, you only need one shareholder.
    6. Your privacy is paramount. Reporting requirements are minimized. The only public information the Vanuatu IBC will have is its registered agent name and office address, its constitution, and any charges against its assets. Access to information is also restricted.
    7. There is flexibility in setting up the Vanuatu company. There isn’t a minimum or maximum amount of share capital required. Furthermore, your business’ capital can be in any currency or amount. Vanuatu also has no exchange controls.

All these factors are what make it more than worthwhile to register a Vanuatu company for your international business.

Key Benefits of Vanuatu Company

The Samoan Islands are a group of islands located in the South Pacific Ocean, about halfway between Hawaii and New Zealand. Needless to say, setting up a Samoa offshore company is reported to be one of the most lucrative ways to start an offshore business. The country has many years’ experience as an offshore destination. There are a few reasons for its success. They include:

Principal Corporate Legislation

The Companies Act (Cap 191), The International Companies Act 1992 (No. 32). 

Type of Law

Common.

Language of Legislation and Corporate Documents

English.

Vanuatu Companies: Key Aspects

Type of Company for International Trade, Investment & Tax Planning

  • Vanuatu International Company

Vanuatu International Company

Share Capital

Not required.

Classes of Share Available

Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares

Not permitted.

Registered Office Required

Each Vanuatu company must have a Registered Office in Vanuatu.

Directors

A Vanuatu company requires a minimum of one director. Director can be of any nationality and need not be resident in Vanuatu. Corporate directors are permitted. 

Shareholders

A Vanuatu company requires a minimum of one shareholder.

Publicly Accessible Records

No.

Nominee Shareholders and Nominee Directors

Allowed.

Location of Meetings of Directors and Shareholders

Anywhere.

Personal Presence Required

No.

Taxation

Nil.

Double Taxation Treaty Access

None.

Requirements to File Accounts

None.

Requirement to File Annual Return

None.

Audit Requirements

None.

Exchange Control

None.

Language of Name

English.

Restricted Words

Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.

Name of a Company

The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every Vanuatu offshore company.

Time to Incorporate

Two days.

Vanuatu Company Formation Prices

Vanuatu Company Formation Package Includes:

Starting at: $4690

Why Choose KGN Services?

We’ve been helping business owners since 1996

Incorporating your business is our focus

We make a complex process fast and easy

We work closely with Companies Registries to guarantee our service

Fastest offshore companies & accounts – Most competitive pricing worldwide

Services related Vanuatu Offshore Company | Vanuatu Company Registration

KGN Services provides the following services related Vanuatu Company registration:

Vanuatu – General Information

Location: Oceania, group of islands in the South Pacific Ocean, about three-quarters of the way from Hawaii to Australia.

Area: total: 12,189 sq km, land: 12,189 sq km, water: 0 sq km; note: includes more than 80 islands, about 65 of which are inhabited.…

Natural resources: Manganese, hardwood forests, fish.
Population: 282,814 (July 2017 est.).
Capital: Port-Vila (on Efate).

Time Zone: UTC+11.

Languages: Local languages (more than 100) 63.2%, Bislama (official; creole) 33.7%, English (official) 2%, French (official) 0.6%, other 0.5% (2009 est.).

Government type: Parliamentary republic.

Legal system: Mixed legal system of English common law, French law, and customary law. 
International organization participation:AACP, ADB, AOSIS, C, FAO, G-77, IBRD, ICAO, ICRM, IDA, IFC, IFRCS, ILO, IMF, IMO, IMSO, IOC, IOM, ITU, ITUC (NGOs), MIGA, NAM, OAS (observer), OIF, OPCW, PIF, Sparteca, SPC, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO.
 
Economy: This South Pacific island economy is based primarily on small-scale agriculture, which provides a living for about two thirds of the population. Fishing, offshore financial services, and tourism, with more than 330,000 visitors in 2017, are other mainstays of the economy. Australia and New Zealand are the main source of tourists and foreign aid. A small light industry sector caters to the local market. Tax revenues come mainly from import duties. Economic development is hindered by dependence on relatively few commodity exports, vulnerability to natural disasters, and long distances from main markets and between constituent islands. In response to foreign concerns, the government has promised to tighten regulation of its offshore financial center.

Currency: Vatu (VUV).

KGN Services | Vanuatu Offshore | Vanuatu Company Formation

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Requirement to File Annual Return

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