Vanuatu

Offshore IBC Company

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Company Formation in Vanuatu

Officially the Republic of Vanuatu is a Pacific island nation located in the South Pacific Ocean. Vanuatu comprises a chain of approximately 80 islands situated some 2,250 km north-east of Sydney, Australia and 800 km west of Fiji. The administrative region and the capital is Port Vila situated on the Island of Efate.

The development of the islands as an offshore financial center in 1971 added a new dimension to the economy, contributing significantly to the government revenue. The offshore financial sector has also brought increased to employment opportunities and an excellent infrastructure for telecommunications, banking, legal, accounting and other financial and commercial services.

Vanuatu is a Common Law jurisdiction with a parliamentary democracy based on the Westminster system. It has a political and legal system that closely follows that of the UK and its law is based on English law.

Companies that do not derive any income from sources in Vanuatu are not subject to tax.

Advantages of company incorporation in Vanuatu:

After the international companies (offshore companies) Act was introduced in 1993, Vanuatu offshore joined one of the most successful offshore jurisdictions of the world;

The official language and all the workplace, including contracts written, assessed are predominantly in English. The official languages are English, French and Bislama (pidgin);

Based on the International Companies Act, a Vanuatu IBC is tax-free company, may not trade within Vanuatu or own real estate there;

No taxes of any sort – Corporation tax – 0%, Tax on Dividends – 0%, Withholding tax – 0%;

In place of tax, there is a fixed annual government fee, as well as an annual registered agent fee;

There are no restrictions on foreign Directors or Shareholders, individual or corporate;

There is no minimum authorized or issued share capital requirement;

There is no withholding tax on interest, dividends and royalty, no capital gains tax for Vanuatu offshore;

Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Vanuatu;

Nominee services are available for Vanuatu company formation;

No requirement for filing of financial accounts or audit;

Board Meetings can be held anywhere in the world.

Summary of Vanuatu Company and main characteristics:

General Information
Type of company	International Business Company (IBC)
Corporate Legislation	The Companies Act (Cap 191), the International Companies Act (1993)
Taxation	No taxes of any sort. Corporation Tax – 0% Tax on Dividends – 0% Withholding tax – 0%
Currency	Standard Currency USD$ Share Capital can be in USD$
Paid up capital requirement	No paid up capital required
Time zone	UTC+11
Directors
Minimum no. required	1
Local Director required	No
Location of Meetings	Anywhere
Shareholders
Minimum no. required	1
Location of Meetings	Anywhere
Company Secretary
Required	No
Local Secretary required	No
Registered office required	Yes, local
Share Capital
Standard Currency	USD$
Standard Authorized Capital	10.000 USD$
Minimum paid up capital	No
Accounting Requirements
Preparation of accounts	Not required
Requirement for audit	No
Accounts public accessible	No
Requirement to file Annual Return	No
Further Information
Bearer shares	No
Confidentiality	Yes
Nominee services	Available
Need to travel	No
Apostille	Yes, Hague Convention 1961, joined on July 30, 1980
Owners	Individuals or Corporate

Register your Vanuatu Company

Company Formation – with all services included for the first year: € 2200

Certificate of Incorporation;

Memorandum and Articles of Association;

Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;

Share Certificate(s);

Authorized Share Capital of 10,000USD$;

Local Registered Office Address;

Registered Agent;

Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year: € 1800

Local Registered Office Address;

Registered Agent;

Government annual fees;

Personal manager assistance for the entire period.

Nominee Director – Individual or Corporate as per client’s request: € 850

Nominee Shareholder – Individual or Corporate as per client’s request: € 650

Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements: € 450

Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements: € 450

Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements: € 400

Legalization of Documents:

Document Notarization per document: € 500
Bundle of documents Notarization;
Document Apostillation per document;
Bundle of documents Apostillation.

Company Seal: € 100

Company Rubber Stamp: € 150

Bank Account opening service – Quotation based on each particular case;

Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review: € 75/hour

Accounting & Bookkeeping – Quotation based on each particular case.

Starting fee:

€2,200.00