:
registration of legal entity

Cost of registration The cost of the second year Number of Directors Corporate tax rates Payment of Charter Capital Financial statements
2385.00 USD 1145.00 USD 1 0.00% No No

Registration of a company in Vanuatu

vanuatu.jpgSuch a characteristic as “Pristine paradise” is associated in the world with a small state of Vanuatu, which is compactly located in the south-western part of the vast Pacific Ocean. The very same name means “this land forever”. We will not talk in riddles and proceed to outline the reasons why the lands of Vanuatu became the epitome of paradise for many people.

The fact that it is not only and not so much the identity of nature and culture of the country that influenced the image of Vanuatu, more need here to talk about a tax haven, in which Vanuatu has become in recent years, rather it is necessary to talk about a tax haven, in which Vanuatu was transformed in recent years.

Small independent republic in the Pacific Ocean confidently acquires the status of a supportive and welcoming haven for entrepreneurs from around the world. As a consequence, more and more business representatives seek to register offshore in Vanuatu. Young and extremely active state in terms of economic development does not cease to increase the pace of registration of offshore companies in its territory.

Port Viola - is concurrently the capital and commercial, financial, industrial, touristic, political, and educational center of the state. The currency of the country is Vatu (VT).

Formation of Vanuatu’s relief is in a constant process. 13 main islands and a lot of smaller formations rise higher and higher above sea level every year.

Ni-Vanuatu (so-called indigenous peoples of the archipelago) constitute 95% of the total population. In general, at least 200 000 of people live in Vanuatu.English and French languages have official status in Vanuatu, despite the fact that there is a local language called Bislama.

South and north of the archipelago have a subtropical and tropical climate respectively. 

There are two main directions in the development of the state economy. The first is the support of the city business sector. The second direction is agriculture. Besides, Vanuatu becomes more and more popular as an offshore zone every year. To this end, the Ministry of Finance is taking a number of measures which are designed to raise the investment rating of the state.

To register a company in Vanuatu means to receive assurances of immutability of the course followed by the government in the economic sphere. You may accede that it is extremely important for every entrepreneur.

Registration of offshore in Vanuatu: legal framework.
The process of registration of the offshore in Vanuatu is governed by the following Laws: “On companies”, “On the international companies”, “On Banks”, as well as by certain legislative provisions (on the  activities of trust and insurance companies, on stamp duty, etc.).

Forms of doing business in Vanuatu

You can register the company in Vanuatu in the following forms:

  • International company;
  • Foreign company;
  • Exempt company;
  • Unlimited company;
  • Limited Liability Company;
  • Offshore Limited Liability Company;
  • Registered company with separate portfolios and secured company with separate portfolios;
  • Fund;
  • A local company (suitable for doing business within the territory jurisdiction).

The most widespread form of of offshore in Vanuatu is an International Company.

Registration of an international company in Vanuatu assumes the following issues:

  • Such concept as “charter capital”does not apply.
  • Shares or guarantees (or both) may limit the liability of the company.
  • The legal address and the agent must be registered within the territory of Vanuatu.
  • The constitution of the company (which is the equivalent of the Charter and Memorandum of Association) shall be submitted for registration to the special commission.
  • Registration of international company (offshore) in Vanuatu could be completed within a day.
  • The company can choose the name in any official language provided that a certified translation of the name into English will be presented.
  • In order to have in its name such words (or equivalents) as a bank, finance, insurance, assurance, fund management, investment fund, buildings society, trust, trustees, reinsurance, the company must obtain a license or special approval.
  • Issue of shares with a par value and without it, as well as bearer shares and privileged shares is allowed.
  • It is enough to have one shareholder and one director for the existence of the company, for whose status there are no requirements.
  • The third parties have no access to data about the founders and other representatives of the company.
  • There are no requirements for holding annual general meetings and submitting annual reports.
  • The shareholders shall decide on the place to hold meetings.
  • The company has the ability to manage a bank account, but can not carry on trade or have property in Vanuatu.
  • The company is automatically exempted from the control of currency transactions, stamp duty, and any tax. The validity of these conditions is 20 years from the date of registration.
  • The company shall pay  an annual government fee, which is $300.

Registration of Exempt Company in Vanuatu is a process carried out in accordance with those provisions:

  • Standard charter capital is $10000.
  • The legal address and the agent must be registered within the territory of Vanuatu.
  • After the signing of the Charter of the company the document shall be transmitted to the registration authorities. Upon completion of the registration process the shares shall be transferred to the shareholders.
  • At least one of the directors of the company must be the resident of Vanuatu (it is allowed to have one director). Or Deputy Director can be appointed by the resident.
  • The Board of Directors shall hold meetings once a year.
  • The annual report should be submitted, but the audit should not necessarily be carried out (with the exception of companies enjoying the insurance, trust and banking licenses).
  • The license duty to be paid annually is $450.

Taxes in Vanuatu

Vanuatu offshore does not pay:
- Income tax;
- Corporation tax;
- Tax on the export of capital;
- Inheritance tax;
- Tax on profits from the stock exchange;
- Turnover tax.

With our help, an offshore registration in Vanuatu will be held in the shortest possible time. Successful business in Vanuatu is not the distant future, and the visible reality. If you decide to register offshore company in Vanuatu, do not postpone it for tomorrow!

Set of documents
   
  • Constitution
  • Application for a Permit to Form an Incorporated Company
  • Notice of Registered Office 
Nominee director and shareholder
   
  • Ask our manager

General information
Square12 200.00
Population227 574.00
CapitalPort-Vila (on Efate)
Unemployment1.70
State polityParliamentary republic
Telephone code678
Place in the world in corruption77
locationOceania, group of 83 islands in the South Pacific Ocean, about three-quarters of the way from Hawaii to Australia
Climatetropical; moderated by southeast trade winds from May to October (an average temperature of 25 °C); moderate rainfall from November to April; may be affected by cyclones from December to April (an average temperature of 27 °C)
Literacy rate74.00%
Ethnic groupsNi-Vanuatu 97,9% (Melanesian); European 1,0%; other Pacific Islanders 0,4%; other 0,7%
National currencyVatu
USD exchange rate90.25
GDP per capita147
Official languageOfficial languages: pidgin (known as Bislama or Bichelama), English, French
Credit ratingN/R
The judiciarySupreme Court as the ultimate judicial arbiter of both civil and criminal matters; a court of appeal and magistrates’ courts
Executive authorityCouncil of Ministers under the leadership of and appointed by the Prime Minister elected by a majority vote of a three-fourths quorum of the Parliament
Legislative authoritiesUnicameral Parliament consisting of 52 members elected by popular vote every four years
Corporate information
Opportunity to purchase ready-made companiesYes
Legal systemmixed legal system of English common law, French law, and customary law
Terms of purchasing ready-made company10 working days
The use of the Cyrillic alphabet in the nameYes
Local registered officeYes
Terms of registration1 business day
Indication of BPA in the nameCorporation, Incorporated, Limited, Sendirian Berhad, Societe a Responsabilite Limitee, Besloten Vennootschap, Gesellschaft mit beschrankter Haftung, или их аббревиатуры: Corp., Inc., Ltd., Sdn. Bhd., SARL., B.V., or GmbH и т. д.
Prohibited expressions in the nameRoyal, Imperial and others that may be found misleading by the Financial Services Commission
Local registered agentYes
The information required to be kept at the registered officeAccounts, records, minutes of all meetings, copies of resolutions and registers of the directors and shareholders
Shares and share capital
Standard currencyVatu
The minimum amount of the issued capital1 share
Bearer sharesYes
The usual size of the authorized capital10000
Usual nominal value of sharesUS $1.00
Possibility to issue shares without par valueYes
Taxation
VATNo
Basic corporate tax rate0.00%
Capital gains taxNo
Currency controlNo
The tax on personal incomeImport duties, VAT at 12.5% (2012), a tax on rental income over VT200,000 in a 6-month period of 12.5%, and stamp duty
Corporate tax rates detailsNo corporate tax levied but 5% turnover tax applies (7% for banks)
Government dutyUS $150 for international company registration
Stamp dutyNo
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedYes
The data reveals to the local agentYes
Data field to the public registryNo
The requirement for the presence of the SecretaryNo
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryYes
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerNo
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentYes
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsNo
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnNo
The requirement for reportsNo
Membership in the OECDNo
Is it offshore according to Russian legislationYes
Trademark Registration
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