Company Formations in Vanuatu

It is “the process of incorporating (registering) a business as a limited company,” in this case, in Vanuatu. This is done so that the business can become a legal entity as deemed by the laws that govern the country. It is possible to set up a limited company as part of an all-encompassing package offered by firms such as TOP Company Formation for which there is a link at the conclusion of this section.

The primary purpose for this process known as company formations is to implement limitations on the financial responsibilities of the business’ owner(s.) Also known as a form of limited liability, one way of accomplishing this feat is to limit the shares of the company. Another is called “limited by guarantee.” Allow us to explain these terms a little further.

When someone elects to limit their company by shares, then in case of a lawsuit filed against it, the owner is only liable for the value of those shares.

When that person chooses to limit it by guarantee, he or she is only liable for the proven value of their guarantees.

These are things you must consider if you plan to take advantage of company formations in Vanuatu.

The simple answer is yes. So, what are they? Check out this list of advantages:

• Your company will receive tax exempt status.
• Exemption from domestic taxes on profits
• No requirement to pay business license fees, capital gains tax, income tax, or stamp duty fees.
• Company directors can choose when and where to have their meetings. They can also decide the way the meetings will occur or whether to have them at all.
• No set requirements for the recording of accounts or financial books; nor is there a need for you to hire an auditor.
• Vanuatuan registered businesses are easy to operate.
• No mandatory requirements as to how many directors you can have.
• If you prefer to be the sole owner and director of your company, you are permitted to do so.
• Privacy is king! All records of your business are kept private and nobody else is allowed to access them.
• Flexibility abounds as far as setting up your company in Vanuatu.

Perhaps you would like a little more information on Vanuatu to help you decide to set up an offshore company there. This country is made up of an archipelago of 80+ islands. It is in the southern Pacific Ocean, halfway between Hawaii and Australia. The recent population was estimated at about 195,000 and growing. Despite the allure of Vanuatu as a tropical paradise, it remains THE PLACE to get away from it all.

As far as business goes, Vanuatu is an ideal place to set up an offshore company. Not too long ago, their government implemented the International Business Companies (IBC) Act. Speaking of government, theirs is quite stable and free of strife and complicated in-fighting amongst politicians. Vanuatu is also economically sound. You would fare extremely well with a Vanuatu Company Formations venture

Of course, there are fees as there would be in any other country. However, with a Vanuatu company formation, they are reasonable. Here is a list of them, all of which are in United States dollars:

• Incorporation fee – $100
• Government fee – $300
• Registered agent fee – $475
• Registered office fee – $475

Total of fees for incorporation – $1,350

 

In order to successfully incorporate a business in Vanuatu, there is some required information. You must have the following:

• Your company’s name.
• Your director’s and shareholder’s name and address
• Valid passport, copy of
• The Constitution of your company. This is presented in lieu of an Articles of Association and a Memorandum.
• Written documentation of incorporation limited either by guarantee or by shares.
• Address of a local Vanuatuan registered office.