Vanuatu has been a tax haven since 1971, but it wasn’t until the Vanuatu International Companies Act in 1993 that the country became known as a dependable offshore jurisdiction. Since the time, numerous companies have availed of its services and many benefits, including the following.
Perks and Privileges
A VIC offshore company can have any name it chooses in whatever language, and the offshore company capital can be set in whatever currency you choose, in whatever amount. There is no maximum or minimum share capital needed, and you don’t need to hold any annual general meetings nor file annual returns either.
An offshore company in Vanuatu doesn’t need to have any land in the country, nor do business there either. In addition, it is free of taxation for the first twenty years. Just like in other jurisdictions, VIC bearer shares are permitted, and you can keep registers, minutes, records and accounts anywhere you want in the world.
Privacy Assured
All information about your company is kept private, the only public record being the company’s constitution, any charges against the assets, the registered agent’s name and the registered office’s location. Aside from offering complete confidentiality, your company only needs a single director and one shareholder for incorporation, and their names will not be made public.
Rapid Incorporation
Setting Up a VIC offshore company in Vanuatu only takes 2 to 3 business days, and the documents are usually shipped quickly. Offshore company services provide several packages that include the minutes, certificate of incorporation, company constitution and more. Depending on the service you choose, the documents may be emailed to you or delivered by traditional means. Regardless of the method you choose, you’ll be able to set up a Vanuatu international company.
After your company has been set up, you can start doing business through it. As indicated earlier, you can have your office anywhere the world you want except Vanuatu, and you can trade and conduct other business transactions. In fact there are many services now that can put your company on a dedicated web server and help you open a bank account.