IC des Vanuatu + Siège Social + Agent Agréé + Compte Bancaire à Vanuatu + Comptabilité gratuite pour la première année (Le tout à distance, aucun déplacement nécessaire)AnnuityNumber
Administrators
Taxes on
companies
Capital
Released
States
Financial
2.500 €525 €10%$ 1No

Additional costs

Regent Street UK Business Address with Scanned Mail500 €
The head officeincluded
Bank Account in Vanuatuincluded
Online banks with IBAN in England, Belgium, Luxembourg or Lithuania500 €
Offshore bank account1.000 €

 

 

Creation of Companies in Vanuatu

 

Creation of Companies in Vanuatu (IC)

Vanuatu IC is the most commonly used offshore entity known for its flexible corporate structure, its exemption from all taxes and stamp duties and its high level of confidentiality.

The companies of Vanuatu International are frequently used for offshore structuring, investment or holding, ship management and maritime operations.

 

COMPANY INFORMATION

LEGAL FORM

The "international company", or IC, is the most commonly used offshore entity in Vanuatu. The law governing the Establishment of Companies in Vanuatu is set out in the International Companies Act No. 32 of 1992. With the enactment of this Act, most offshore companies choose to be "international companies" and most of the exempt companies have now converted to international companies. International companies are administered by the Vanuatu Financial Services Commission. Companies that offer their shares to the public, hold banking, trust or insurance licences, or operate in Vanuatu, cannot be registered as international companies and must register under the Companies Act (CAP 191).

"Company limited by shares" means a company whose liability of its members is limited by its constitution to the amount, if any, unpaid on the shares held by them respectively.

COMPANY NAME

The name of the company must end with one of the following words, or their relevant abbreviations - Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima, Sendirian Berhad, Societe a Responsabilite Limitee, Besloten Vennootschap, Gesellschaft mit beschrankter Haftung, etc. - or their relevant abbreviations. Names may be in any language as long as Roman characters are used and any standard company suffix is acceptable. The following words may not be used in the name of a Vanuatu company: "Trust", "Bank", "Insurance". In addition, words such as "Foundation", "Charity" and others may be prohibited at the discretion of the Registry. Names indicating any connection with local, state or national governments are generally prohibited.

CONSTITUTION

The international company can normally be established within one day, as no permit application or details of beneficial owners or operations are required. To register an IC, the company must file with the Commission its Constitution, which must include the name of the company, its objectives (which may be general), its registered office and agent (both of which must be in Vanuatu), and whether it is limited by shares or guarantee. If the Articles of Association so permit, a company registered in Vanuatu may continue to be registered in another jurisdiction by decision of the directors or shareholders. Similarly, a company incorporated in another jurisdiction may continue to be registered in Vanuatu.

SHAREHOLDERS

A minimum of one shareholder is required, which can be a natural person of any nationality or a legal entity for the Formation of Companies in Vanuatu. The details of the beneficial owners and shareholders of the company are not part of the public record.

SHARE CAPITAL

There is no specific minimum capital requirement for the Formation of Companies in Vanuatu. Although there is no legal requirement to declare authorised capital for Vanuatu ICs, the standard authorised share capital is USD 10,000. The authorised share capital can be expressed in any currency. The minimum issued share capital is either one share without par value or one share without par value. International companies in Vanuatu may issue registered shares, bearer shares, preference shares and redeemable shares, shares with or without par value and shares with or without voting rights.

ADMINISTRATORS

A minimum of one director is required and company directors are allowed to set up companies in Vanuatu. Directors need not be resident in Vanuatu. Details of directors, such as names, do not appear in the public record. A minimum of one director may be set by the Constitution or by the members.

HEAD OFFICE AND LOCAL AGENT / SECRETARY

A Vanuatu IC must have a registered office and an agent in Vanuatu. It is not mandatory to have a company secretary but it is recommended. The secretary can be a non-resident of Vanuatu.

MEETINGS

There is no legal obligation to hold annual general meetings. Directors and shareholders may vote by proxy. Meetings can be held anywhere in the world, so they do not need to be in Vanuatu. If held outside Vanuatu, the meeting can be held by telephone or other means.

INCORPORATION TIME

It usually takes up to 1 working day, but we need 10 to 12 working days for the legalization of documents and delivery by courier for Company Formation in Vanuatu.

RECURRING AND MAINTENANCE COSTS FROM THE 2ND YEAR ONWARDS

  • Recurring maintenance costs from the 2nd year onwards - 1260 $
  • Provision of a registered agent and a registered address
  • Payment of annual government fees

The company must be renewed no later than June 30 of each year, regardless of the date of incorporation.

 

TAXATION

TAXES

Vanuatu International Company is exempt from all forms of taxation in Vanuatu.

AUDIT AND FINANCIAL REPORTING

Annual reports or audited accounts do not have to be filed with the authorities. However, it is necessary for undertakings to keep financial records that reflect the financial situation of the undertaking.

 

OUR SERVICES AND REQUIREMENTS

OUR SERVICES FOR CORPORATE TRAINING IN VANUATU INCLUDE:

  • Name Verification and Approval
  • Completing the incorporation documents with the Registrar of Companies
  • A standard set of original business documents:

    - Certificate of Incorporation

    - Minutes of the incorporator's meeting

    - Share certificate

    - Constitution

  • Payment of government tax
  • Provision of a registered agent and a registered address for one year
  • Rubber buffer

Please note: If you are applying for a business bank account, you will need to order a complete set of apostilled business documents if the account is opened outside Vanuatu.

DOCUMENTS REQUIRED FOR COMPANY TRAINING

Please provide the following documents to all directors, shareholders, beneficial owners and signing officers:

  • Notarized copy of a valid passport.
  • Original or certified copy of utility bill / bank statement (as verification of residential address, dated within 3 months).
  • Original or certified copy of the banker's reference letter (less than 3 months old).
  • In cases where the shareholders and/or directors are legal entities, a complete set of apostilled corporate documents and a certificate of good conduct (for companies registered for more than one year).
IMPORTANT NOTE: COMMERCIAL ACTIVITIES UNDER LICENCE

If you conduct an activity without the required license or authorization granted by a competent authority in a jurisdiction, STARTING BUSINESS will not be able to assist you with the creation of the business or the opening of a bank account related to such unauthorized activity.

The permitted activities include, but are not limited to: the provision of financial services involving foreign exchange trading/brokerage, derivative financial instruments and commodities and other securities; the provision of investment advice to the public; insurance and banking; the operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or brokerage; asset management; safe custody services; gambling, games of chance and lotteries.

Please contact us if you need our assistance in licensing your financial, Forex brokerage or gaming company.

SHIPPING CHARGES

Shipping business documents or bank kits to your destination requires an additional charge and will be automatically added to your order when you place your order. Shipping charges for international courier services are automatically set according to geographical areas.

 

TRAINING DEPARTMENT

Training fees

    • Name Verification and Approval
    • Completing the incorporation documents with the Registrar of Companies
    • A standard set of original business documents:

- Certificate of Incorporation

- Minutes of the incorporator's meeting

- Share certificate

- Constitution

  • Payment of government tax
  • Provision of a registered agent and a registered address for one year
  • Rubber buffer

 

If you are interested in setting up companies in Vanuatu, contact our experts.

 

BACKGROUND INFORMATION

Area12 200,00
Population227 574,00
Capital cityPort-Vila (on Efate)
Unemployment1,70
political stateParliamentary Republic
Telephone code678
The world's place in corruption77
LocationOceania, a group of 83 islands in the South Pacific Ocean, about three-quarters of the way from Hawaii to Australia.
Climatetropical; tempered by southeast trade winds from May to October (average temperature 25°C); moderate rainfall from November to April; may be affected by cyclones from December to April (average temperature 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 rates90,25
GDP per capita147
Official LanguageOfficial languages: Pidgin (known as Bislama or Bichelama), English, French
Credit RatingN / R
The JudiciaryThe Supreme Court as the ultimate judicial arbiter of civil and criminal matters; a court of appeal and magistrates' courts
The Executive AuthorityCouncil of Ministers led and appointed by the Prime Minister elected by a three-quarters majority of the Parliament
Legislative authoritiesUnicameral parliament composed of 52 members elected by universal suffrage every four years.

COMPANY INFORMATION

Possibility to buy ready-made companiesYes
Legal systemMixed legal system of English common law, French law and customary law
Conditions for purchasing a ready-made company10 working days
The use of the Cyrillic alphabet in the nameYes
Local HeadquartersYes
Conditions of registration1 working day
Indication of GAP 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, GmbH, BV, or GmbH и т. д.
Prohibited expressions in the nameRoyal, Imperial and others who may be misled by the Financial Services Commission
Local Registered AgentYes
Information to be kept at the head officeAccounts, records, minutes of all meetings, copies of resolutions and director and shareholder records

SHARES AND SHARE CAPITAL

Standard CurrencyVatu
The minimum amount of issued capital1 share
Bearer sharesYes
The usual size of authorized capital10000
Usual par value of shares1.00 $ US
Possibility to issue shares without par valueYes

IMPOSITION

V.A.T.No
Basic rate of corporate income tax0,00%
Capital Gains TaxNo
Currency controlNo
Personal Income TaxImport duties, VAT at 12.5% (2012), tax on rental income of more than 200,000 VT over a period of 12.5% over 6 months and stamp duty
Details of corporate tax ratesNo corporate tax, but a turnover tax of 5% applies (7% for banks)
Obligation of the Government150 $ US for international company registration
Stamp dutyNo

DIRECTOR AND SECRETARY

Minimum number of directors1
The obligation for residence directorsNo
The Director of Legal Persons is authorizedYes
The data tells the local officerYes
Data field in the public registerNo
The Secretary's attendance requirementNo
Secretary's residency requirementNo
Qualification requirements for the secretaryNo
Legal entity as secretaryYes

SHAREHOLDER AND BENEFICIARY

Minimum number of shareholders1
The data are entered in the public registerNo
Residency requirement for shareholdersNo
Information on the beneficiary shall be disclosedNo
The information may be disclosed to the local agentYes
Corporate shareholders are acceptableYes

REPORTS

The obligation to file reportsNo
Open access to reportsNo
Statutory AuditNo
The requirement to file an annual returnNo
Free access to the annual reportNo
The reporting requirementNo
Accession to the OECDNo