The Republic of Vanuatu is a small country located in the southwest of the Pacific Ocean, on the island of New Hebrides. On the territory of Vanuatu there are 82 islands (12 large, 65 inhabited.) Scientists have calculated the index of population happiness in the world through a sociological survey.
As a result, Vanuatu was recognized as the happiest country in the world. This remote corner of our vast planet is unique for many reasons.
Vanuatu is a member of the United Nations, the Commonwealth of Nations, Organisation internationale de la Francophonie, The Pacific Community (SPC) and The Pacific Islands Forum.
The economic activity of the country is developing towards the urban enterprise sector and agriculture. At the same time Vanuatu creates favorable conditions for the investment activity. Vanuatu is a favorable tax haven.
The possible option of establishing an offshore company in Vanuatu is the International Company. This is the most popular form of registration of companies in this jurisdiction. These companies are similar in their structure to the classic International Business Company.
When registering a company in Vanuatu, there is no any requirements to an authorized capital.
There are not any requirements for holding annual general meetings of directors and shareholder in Vanuatu.
Strict confidentiality is observed for the activities of foreign investors, owners of offshore companies.
There is no currency control. Bank accounts may be in any currency, and transfers are free of all controls.
There are many advantages for new brokers, one of them is the really affordable price for obtaining financial licenses.
Banks in Vanuatu allow interaction with residents and non-residents. This is different from Belize that restrict business with locals.
You will be able to obtain any license for your business in the shortest possible time in compare with other offshore jurisdiction.
In comparison with the British Virgin Islands, in the jurisdiction of Vanuatu it is allowed to issue bearer shares of your company.
Application for a Permit to Form an incorporated Company
Notice of Registered Office
Additional documents for Nominee Service:
Power of Attorney
The Trust Declaration
Reporting requirement: Yes
Open access to reporting: No
Obligatory audit: No
Request for the Annual Return: No
Open access to the Annual Return: No
Reporting requirement: Yes
How many countries have signed the Agreement on Avoidance: 120
Membership in OECD: Yes
Is it considered offshore under the law of the Russian Federation: No
Possibility of purchasing ready-made companies: Yes
Law system: General right
Turnkey registration of the company: 1 day
Using Cyrillic in the title: No
Local registered office: Yes
Organizational and legal forms: private limited company (ltd), public limited company (plc), Limited liability partnership (LLP)
Terms of registration of the company in the register: several minutes
Local Registered Agent: No
Minimum amount of issued capital: No
Bearer shares are allowed: No
Possibility to issue shares without par value: No
- VAT: Yes
- Min. Income tax rate for legal entities. Persons: No
- Capital Gains Tax: No
- Exchange control: No
Director and Secretary
- Minimum number of directors: 1
- Requirement for residency of directors: No
- Directors are allowed to be legal entities: Yes
- The data is disclosed to the local agent: No
- Data is entered in the public register: No
- Requirement for the presence of a secretary: No
- Requirement for residence of secretary: No
- Secretary's qualification requirements: No
- The secretary is allowed to be a legal entity: No
Shareholder and Beneficiary
- Minimum number of shareholders: 2
- Data is entered in the public register: Yes
- Requirement for residence of shareholders: No
- Information about the beneficiary is disclosed: Yes
- The data is disclosed to the local agent: Yes
- Shareholders-legal entities are allowed: Yes