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Vanuatu

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The country has no direct taxes. State budget revenues come from customs duties, offshore fees and hotel and restaurant fees. There is no exchange control. The government also supports the establishment of casinos, gaming rooms and betting offices on the Internet. The country is not a member of Interpol. Welcome to the paradise of Vanuatu!

Basic information about the country

  • Vanuatu, officially the Republic of Vanuatu, is an island nation in Micronesia, in the Pacific Ocean.
  • During the colonial era, the area was known as the New Hebrides.
  • The archipelago consists of 83 islets that have the shape of the letter Y.
  • During the rainy season, Vanuatu is often the target of typhoons. In 2015, it was hit by a powerful typhoon Pam, which destroyed a large part of the capital, Port Villa.
  • The total area is 12,200 square kilometers.
  • Vanuatu is a popular tourist destination, attracted by the sandy white beaches and the friendly nature of the local people.

Advantages of doing business in Vanuatu

  • Anonymity
  • Simplicity
  • Tax credits

Tax paradise
Vanuatu became a tax haven in 1971. However, it was not until the introduction of the International Law Act in 1993 that Vanuatu joined the most successful offshore jurisdictions in the world. The basic type of company is the so-called International Company (IC). There is no restriction on the name of the company or the language in which it should be listed, so all documentation can be in English.

To establish a company, one shareholder and one director are required, who can be residents of any country.
The register of companies is not publicly accessible. If you really want to achieve maximum anonymity, it is possible to use nominee services.

Tax Exemptions
The company is not subject to any taxes, there is only a fixed annual maintenance fee to the government which is paid for 20 years.

Minimum Paperwork
The company must keep accounting records, but this can be stored anywhere in the world. You are not subject to the obligation to file tax returns or audits. You must hold a general meeting once a year. It can take place anywhere in the world. The company must have an address in Vanuatu, but a virtual address (P.O. Box) will suffice.

What is important to know

  • They have created perfect conditions for entrepreneurs in Vanuatu.
  • In exchange, however, they must implement their business in Vanuatu, employ local residents and own property in Vanuatu territory.

Start your business in Vanuatu today.

Basic information

  • Type of legal entity: International company
  • Establishment time: 3 working days
  • Number of shareholders: minimum 1, maximum not specified
  • Shareholders: FO or companies
  • Share capital: no minimum is set
  • Cash on delivery: not recommended
  • A registered address in Vanuatu is required
  • Local registered agent required
  • Directors: minimum 1. Can be FO or company
  • Residence function of the director: not necessarily in the country

Taxation

  • The annual business fee is paid in lieu of taxes
  • Please note that local companies are subject to local taxes
  • VAT registration is mandatory if the company's taxable turnover in Vanuatu in the last 12 months is more than 4 million
  • VUV (approx. EUR 32,700)
  • The regular VAT rate is 12.5 %. VAT taxation is based on New Zealand legislation
  • Double taxation agreements are not applicable
  • Accounting and preparation of annual financial statements is required, submission is not required
  • The audit is not mandatory
  • Anonymity and privacy. Information about the board of directors and IC shareholders in the commercial register must not be made available

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