Vanuatu – Advantages 2018-12-03T11:12:48+00:00

Vanutu Offshore Company

Company Formation Services

Advantages to Incorporate in Vanuatu

 Vanuatu is one of the few countries that, so far, did not sign and did not express any expected date to sign the AEOI – Automatic Exchange Of Information.

May carry on business anywhere in the world except Vanuatu

May carry on any business pursuant to Vanuatu International Companies Act Cap.222 except to the limitation of the jurisdiction the business is carried, e.g. banking, insurance

Company name may end with Limited, Incorporated, Corporation, Sendirian Berhad, Responsabilite Limitee, Gesellschaft mit beschrankter Haftung, Besloten Vennootschap or their abbreviations

Director and shareholder may be natural person or corporate entity, (1) no specific requirement on residence or citizenship, (2) minimum number is 1, (3) sole director may also be the sole shareholder

Director meeting and shareholder meeting may be held anywhere

Meetings via telephone, facsimile, conference calls, electronic means are acceptable

May not require an authorized capital

Government fee is fixed disregard the amount of capital

Limited by shares or guarantee or both

Bearer shares are allowed but shares can only be held by an authorized custodian not by the owner

No audit on financial statements

No annual returns, filing required

Except the constitution filed with the Commission Registry, the company’s statutory registers will be maintained only with the registered agent

No need to file with governmental authorities in respect of company structure

Company search not entertained unless authorized by the international company

High level of privacy and confidentiality

Government support on high confidentiality by the provisions of the International Companies Act No.32 of 1992. The Act states that:

“125.   (1) Any person, except when required by a court of competent jurisdiction, with respect to any company otherwise than for the purposes of the administration of this Act or for the carrying on of the business of the company, in Vanuatu or else-where, divulge, attempts, offers or threatens to divulges or induces or attempts to induce other persons to divulge any information cornering or respecting: (a) The shareholding in or beneficial ownership of any share or shares in a company; (b) The management of such company; or (c) Any of the business, financial or other affairs or transactions of the company ; shall be guilty of an offence

(2) Any person who contravenes the provisions of sub section (1) shall, on conviction, be liable to a fine not exceeding US$ 100,000 or to imprisonment for a term not exceeding 5 years or to both such fine and imprisonment.”

At present, Vanuatu has not signed any international treaties on Tax Information Exchange Agreements (TIEA) with PRC, HK S.A.R. and Macau S.A.R.

No formal channel on tax information exchange

Government has not shown intention to enter into such agreement to maintain the high level of tax privacy of the international companies

Vanuatu is currently on the “White list” of the OECD as Vanuatu has met substantially implemented internationally agreed-upon tax standards

“White list” of the OECD means Vanuatu is not on the “Black list” of world money laundry nations.