Vanuatu
Capital: Port Vila.
Official languages: Bislama, English, French.
Currency: Vatu (Vanuatu).
Benefits of Company Registration:
- No authorized capital required.
- Fast company registration.
- Third parties have no access to information on founders and other company representatives.
- No requirements whatsoever to file annual reports or hold annual meetings.
- Exempted from stamp duty and any tax payments for 20 years from registration.
Vanuatu is a small state located in the southwestern Pacific Ocean.
By acquiring the status of a "tax haven" and rather intense economic development, more and more business people from all over the world are seeking to register an offshore company here.
The capital of this tiny Pacific country, as well as its financial, commercial, political, tourist, cultural and educational center, is the port city of Port Vila.
Taxation and Reporting Requirements
Vanuatu does not levy corporate income tax for residents and non-residents. Vanuatu is also actively concluding agreements on the avoidance of double taxation with various countries.
A company registered in Vanuatu is exempt from stamp duty and tax deductions for 20 years from the date of registration.
For some industries, compliance with international reporting standards may be required, especially if the company interacts with foreign investors or counterparties.
- No corporate income tax for an International Company.
- No tax on dividends, interest or royalties received by non-residents from sources outside of Vanuatu.
- Zero VAT rate in Vanuatu for all export transactions and international deals.
- No requirements to file financial statements with Vanuatu's tax authorities. But an auditor's report may be required to open a bank account.
- No mandatory requirement to disclose information about the ultimate beneficial owners of an offshore company.
Company Registration
Company Registration Timeline: 1-2 business days.
Before starting the registration process, you need to decide on the company type. The most popular forms of offshore companies registered in this jurisdiction are an International Company (IC) and a Limited Liability Company (LLC).
- A completed company registration form. Indicates the desired name, scope of activity, information about directors and shareholders.
- Scans of passports of beneficial owners and directors. If the documents are not in English, an official translation is required.
- Notarized specimen signatures of shareholders. An apostille may be required.
How to Quickly Register a Company in Vanuatu:
To quickly register an IC, contact the IT-OFFSHORE specialists. Our service fee includes:
- Preparation of documents (collection, completion, notarization, etc.)
- Company registration.
- Payment of all state fees.
- Registration agent services for 1 year with renewal option.
- Translation services.
- Delivery of registration documents to any address.
Opening a local bank account, accounting services, and a registered office are charged for separately.
The bottom line
While Vanuatu is deservedly recognized as a tax haven, it is important to note that laws and regulations are constantly changing and companies should keep up to date with the latest tax and reporting updates in Vanuatu. Therefore, we recommend seeking professional advice from IT-OFFSHORE specialists.
Our specialists offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
