Company Incorporation

VANUATU

Internet Banking Offshore

Services available from Vanuatu
Company Incorporation
Vanuatu Car Registration

Vanuatu offshore company incorporation:
First Year: $1299 Complete Package

The packages include:

All aspects of incorporating a Vanuatu International Company Limited by either Shares, Guarantee, or both Shares & Guarantee (Hybrid):
Including Government Incorporation fee,
12 months Government charges,
Registered Office,
Registered Agent,
Minute Book,
First Resolutions including appointing Nominee Director,
issuing Shares to Nominee,
attending to Guarantor requirements,
Statutory Registers,
Common Seal.

Also include NOTARIZATION of required documents:
Certificate of Incorporation,
Memorandum & Articles,
Power Of Attorney + First Resolutions, Guarantor Certificate

Options:
Bank account in Vanuatu $500 with Westpac Bank
Apostille: $150 (required for bank acc)
Courier delivery: $100

Annual fees:

Provision of Registered Office/Registered Agent US$ 550.00

Government registration fee of US$300.00 payable on 30 June each year

Provision of One Nominee Director US$ 300.00

Provision of One Nominee Shareholder US$ 300.00

Miscellaneous:

Vanuatu Boat Registration (five year fee)

$1500.00

+ dis

BANK ACCOUNT
Prior to the opening of a new account the bank requires the following documentary and identification requirements to be met.

Originals of the completed bank documentation must be held, we will complete the forms for you to sign and either post, fax or email to you. You will then sign the documents and return to us.

The following minimum identification criteria must be met:

Passport or

Birth Certificate

Together with at least one of the following:

Photo driver's licence

or 2 major credit cards (ie. Bankcard, Mastercard, Visa, American Express, JCB)

or a written letter of introduction

or 2 current utility (phone, power, property rates) accounts from the customer's place of residence in their own name

Please Note:

The company name can end in:
(a) the word “Corporation” or the abbreviation “Corp”;
(b) the word “Incorporated” or the abbreviation “Inc.”;
(c) the word “Limited” or the abbreviation “Ltd”;
(d) the words “Sendirian Berhad” or the abbreviation “Sdn Bhd”;
(e) the words “Societe a Responsabilite Limitee” or the abbreviation “SARL”;
(f) the words “Besloten Vennootschap” or the abbreviation “B.V.”; or
(g) the words “Gesellschaft mit beschrankter Haftung” or the abbreviation “GmbH”

For your convenience, we have included a Cost Calculator in the order form:

General Info about Vanuatu

Vanuatu, located 1,500 miles north-east of Australia, became independent in 1980. Vanuatu has a political and legal system that closely follows the UK being a parliamentary democracy based on the Westminster system, and the law is based on English law.

The official languages are French and English, and the currency is the Vatu.

The 80 small islands that make up Vanuatu are administered from Port Vila, and are connected to the outside world by excellent telecommunications and flights to major cities in Australia and New Zealand.

The International Companies Act passed in December 1992 provides for the incorporation of the International Company (IC) which is preferred over the exempt company. ICs do not have the concept of authorised capital.

THE VANUATU IC

TAXATION: ICs pay no taxes in Vanuatu. Upon incorporation ICs are exempt from taxes for 20 years.

SHAREHOLDERS: A minimum of one shareholder is required. Details of the shareholders do not appear on the public file.

DIRECTORS: A minimum of one director is required and corporate directors are permitted. There is no requirement to file the details of directors on any public record.

ANNUAL REPORTING: No annual return or accounts need be filed. The company does not have to hold annual general meetings. If the company fails to pay the Government tax on or before 30 June of each year, the tax will be increased by 10% every month that it remains unpaid up to 50%.

TIMESCALE: Incorporation can be achieved within 24 hours however, it does take approximately 1 week for documents to arrive from Vanuatu.

RESTRICTIONS ON NAME AND ACTIVITY: Names must end with one of the following words, or abbreviations thereof - Limited, Corporation, Incorporation, Sendirian Berhad, Besloten Vennootschap, Gesellschaft mit beschrankter Haftung. Names will not be allowed that in are, the opinion of the Registrar, likely to mislead or deceive, or suggest a connection with the Government of Vanuatu.

LOCAL REQUIREMENTS : As a matter of local company law the company MUST maintain a registered office address within Vanuatu and must also appoint a Vanuatu resident as registered agent. We would generally provide these services as part of the domiciliary service fee.

SECRECY: The International Companies Act makes it a criminal offence for any person to divulge information concerning an IC.

SUMMARY:

Company Status:	International Company
Type:	Choice of: Limited by Shares, Limited by Guarantee, or Hybrid
Company ending in:	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
Language:	English, French, or Chinese script with translation
Memorandum & Articles:	English or French – in one of the accepted forms
Time to Incorporate:	One working day
Capital:	Any currency, any amount
Capital Duty:	None
Share restrictions:	None (Bearer shares allowed)
Minimum number of shareholders:	One (no public record). Illegal to reveal without Court Order
Minimum number of Directors:	One (no public record)
Directors qualification:	Personal or Corporate, local or overseas
Secretary:	We provide, you can appoint additional if required
Registered Office:	We provide
Registered Agent:	We provide
Public Information:	Company name and Good Standing only
Documents at Registered Office:	Statutory Registers (They may have no entries)
Accounting requirements:	Nothing is filed. Company must maintain records somewhere. Not available for inspection
Annual Return:	Payment of Annual Government fee only
Government fees:	US$150 to incorporate. US$300 every June (US$150 in year of incorporation)
Where are meetings held:	Anywhere and by any means
Any exchange controls:	None
Double taxation treaties:	None
Exchange of information:	None
Taxation:	None – guaranteed for minimum of 20 years
Special notes:	The HYBRID provides an ideal investment holding vehicle for residents of most countries. The Incorporator does not have to appoint Directors, or issue shares straight away.

For your convenience, we have included a Cost Calculator in the order form:

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Whilstevery effort has been made to ensure that the details contained herein are correct andup-to-date, it does not constitute legal or other professional advice. We do not acceptany responsibility, legal or otherwise, for any errors or omissions.

Please go to our Uses of offshore Companies Page where you willfind interesting information on the benefits of using offshore companies and trusts forbusiness and personal use, links to information on other locations and details of ourproducts and services.