Incorporating IBCs in Vanuatu

Vanuatu is a constellation of islands off the eastern coast of Australia. Although it became a tax haven in 1971, the International Companies (offshore companies) Act was introduced only in 1993 and currently, Vanuatu boasts one of the most successful offshore jurisdictions in the world.

The following are a few highlights of the Act and the main advantages of International Business Companies in Vanuatu:

• The offshore company may have a name in any language (should be translated into English or French) with most of the endings defining its limited liability, like Limited, Ltd, Corporation, Corp, Incorporated, Inc, Pty Ltd, Sendirian Berhad, Sdn Bhd, Societe a Responsabilite Limitee, SARL, Besloten Vennootschap, B.V., or Gesellschaft mit beschrankter Haftung, GmbH.

• Offshore company capital may be in any currency and any amount. No minimum or maximum of share capital is required.

• There is no need to hold annual general meetings or file annual returns for offshore companies.

• Offshore company may not carry on business or own land in Vanuatu.

• No taxation within 20 years for offshore companies.

• Bearer shares are allowed.

• Offshore companies may keep its accounts, records, minutes or registers at any place in the world.

• The only information about the offshore company, which is public, is the company Constitution, the location of its registered office, the name of its registered agent and any charges against its assets.

• A minimum of one director and one shareholder are required for incorporation. Their names are not publicised.

• Offshore company incorporation takes 24 hours (the corporate documents will be shipped within 5 business days afterwards).

The fee structure for offshore company incorporation covers Government fees, registered agent and office and corporate documents and may total USD 990. In the subsequent years, the investor need pay only USD 790 for the company. This amount covers registered agent/office fees and Government fees. The offshore company corporate package includes Constitution, Certificate of Incorporation and First Minutes. Documents are delivered via DHL and the delivery charges are to be borne by the applicant.

The package is all-inclusive and contains all documents required to start conducting business through a Vanuatu International (offshore) Company. You can have your office anywhere in the world and trade with the rest of world with the exception of Vanuatu only.

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