Offshore Companies : The Advantages of Vanuatu Offshore Companies

Vanuatu International Companies are exempt from taxes for companies that operate only on international market.

The legislative environment in Vanuatu is directed toward the offshore business market and includes good confidentiality provisions.

Support for the offshore business sector was strengthened in 1993 with the passage of the International Companies Act, which made Vanuatu an attractive and competitive financial centre.

An international company can normally be set up in a day.

The Official Secrets Act and the various companies’ acts assure the secrecy of information relating to offshore entities.

Because Vanuatu has no income tax and there are no double taxation treaties there is no legislation for the exchange of information.

Forex brokers have found Vanuatu to be a popular offshore jurisdiction to incorporate their business and establish a license.

Indirect taxes and fees are minimal.

Here are the top benefits of Vanuatu Offshore Companies

Vanuatu offers a politically stable environment with no direct taxes or exchange controls

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

Vanuatu offshore companies may carry on business anywhere in the world, except Vanuatu

They 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

Directors and shareholders may be natural persons or corporate entity (a) no specific requirement on residence or citizenship, (b) minimum number is 1, (c) sole director may also be the sole shareholder

Director meetings and shareholder meetings may be held anywhere

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

No audit on financial statements and no annual returns and filing are 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

The banking system is one of the most important arguments in favour of doing business in Vanuatu. Opening a bank account in Vanuatu is a simple process

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