Vanuatu Company - Offshore Company Formation

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Vanuatu Company - Offshore Company Formation JURISDICTIONS & FEES

• General
• Type of Company : International
• Political Stability : Fair
• Standard Authorised Capital : No
• Tax on Offshore Profits : Nil

• Corporate Requirements
• Local Registered Office and Registered Agent Required : Yes
• Minimum Number of Directors / Managers : 1
• Local Directors Required : No
• Corporate Directors Permitted : Yes
• Minimum Number of Shareholders / Members : 1
• Local Shareholders Required : No
• Corporate Shareholders Permitted : Yes
• Company Secretary Required : No, but normally appointed
• Bearer Shares Allowed : Yes, but not available

• Annual Requirements
• Filing of Annual Return : No
• Submit Audited Accounts : No
• Min. Annual Tax / Licence Fees : US$300
• Shelf Companies Available : No

Vanuatu - Offshore Company Formation GENERAL INFORMATION

• Vanuatu INTRODUCTION
  Vanuatu is a chain of approximately 80 islands in the south-west Pacific, some 2,250 km north-east of Sydney, Australia and 800 km west of Fiji. The total land area is approximately 14,800 sq. km. The islands are mainly of volcanic origin and there are about 60 volcanoes, of which 10 are still active. The capital is Port Vila on the Island of Efate and the total population is approximately 175,000. The country￡s economy is mainly agricultural (80 per cent of the working population is engaged in agriculture). The economy is based mainly on copra, followed by beef, cocoa, timber, coffee, cotton, and fish.
• The development of the islands as an offshore financial centre in 1971 now contributes significantly to government revenue. The offshore financial sector has brought increased employment opportunities and an excellent infrastructure for telecommunications, banking, legal, accounting and other financial and commercial services.

• Vanuatu LANGUAGE
• The official languages are English, French and Bislama (pidgin).

• Vanuatu TYPE OF LAW
• Common Law, based on English Common Law with local modifications and local statutes.

Vanuatu Company Information

• Vanuatu Company TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT
• The International Company (IC)

• Vanuatu Company TIME TO INCORPORATE
• One Day, but allow ten working days for receipt of documentation.

• Vanuatu Company RESTRICTIONS ON NAME AND ACTIVITY
• Names must end with one of the following words, or abbreviations thereof - Limited, Corporation, Incorporation, Sendirian Berhad, Besloten Vennootschap, Gesellschaft mit beschrankter Haftung.
• Names will not be allowed that in are, the opinion of the Registrar, likely to mislead or deceive, or suggest a connection with the Government of Vanuatu.

• Vanuatu Company CLASSES OF SHARES PERMITTED
• Registered shares, bearer shares, preference shares, redeemable shares and shares with or without voting rights.

• Vanuatu Company DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES
• No.

• Vanuatu Company LICENCE FEES
• International Companies pay an annual Government Fee of US$ 300 per year. ICs pay no taxes in Vanuatu. Upon incorporation ICs are exempt from taxes for 20 years.

• Vanuatu Company FINANCIAL STATEMENT REQUIREMENTS
• Whilst there is no requirement to file annual audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company.

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission.

If you would like further information concerning Vanuatu Company Incorporation, please contact our professionals and we will provide you with free advisory.

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