The Republic of Vanuatu is a small South Pacific Island nation that offers international business a whole host of very attractive benefits. Vanuatu is a Y-shaped archipelago of some 80 or so very small volcanic islands, with the two main islands of Espiritu Sanctu and Malakula, which have a joint population of around 60,000.
If you set up your company in Vanuatu, you will not pay any of the following:
- Income tax
- Company tax
- Corporation tax
- Capital gains tax (depending on status)
Obviously, this makes for a very attractive business climate, which is why there are so many offshore corporate services in Vanuatu, plus there is an extensive list of essential business services that can be tailored to meet your needs.
International Company Incorporation
This is ideal for companies that will not be trading with Vanuatu businesses, rather they will be doing business with other international companies, and this type of company formation is normally completed within 48 hours of the accountant receiving all the necessary documents. The local accountant can also provide you with any business services you might require, such as receptionist, leasing offices and bookkeeping services, and with English as the spoken language, you won’t have any communication issues when setting up the company.
Local Company Incorporation
Companies that are registered locally can trade with local and international businesses, which is the best form of business registration if you plan on doing business with Vanuatu companies. A local company only requires one shareholder, who can be a resident or non-resident and at least one Vanuatu native as a director.
The Foreign Investment Act
This provides a network for foreign investors who wish to either start a new business or purchase an existing one, thus enabling a person to acquire the relevant licences and permits to run such a business. This is something that an experienced local chartered accountant can assist you with, and they can easily be found with a Google search.
As you can see, there are many benefits to forming your company in Vanuatu, and in order to learn more about obtaining licences and permits, search online for a chartered accountant based in Vanuatu, who can help you to submit all the necessary documents that will enable the business registration.