VANUATU Offshore Companies
Vanuatu Offshore Companies. Advantages of establishing an offshore company in Vanuatu.
KGN Services specializes in Vanuatu Offshore Companies and opening bank accounts.
About Vanuatu Offshore Companies
Vanuatu is a group of eighty-three islands strategically located between Hawaii and Australia. The Vanuatu Islands have a population of approximately twenty thousand people who speak English, French and Vanuatu. Vanuatu has been a popular tax haven since 1971 and has many American and European countries registered within its jurisdictions. Statistics state that the Vanuatu islands are heavily dependent on the tax haven industry, as approximately fifteen percent of Vanuatu’s GDP is contributed by activities related to offshore companies. This essentially implies that the Government of Vanuatu has a vested interest in ensuring that the legal and business environment is specifically tailored to satisfy the needs of offshore companies.
Advantages of Vanuatu tax havens
Vanuatu International Business Companies (IBCs) are exempt from paying tax for the first twenty years.
Offshore companies registered in Vanuatu tax havens pay no tax at all for the first twenty years. This establishes Vanuatu as a viable business solution, especially for IBCs that are either newly established or aiming to reduce tax expenses. Most onshore jurisdictions, such as levy very high taxes, and this significantly increases tax expenses. Companies that choose to register as offshore companies in the Vanuatu tax haven have the advantage of managing the finances they would have spent on taxes on other productive functions that can facilitate the growth and expansion of a business.
Light administrative rules compared to onshore jurisdictions
Vanuatu tax havens have minimal mandatory administration duties imposed on directors, officers and auditors of international business companies. Vanuatu tax havens do not require the submission of annual financial statements. In addition, unlike most other offshore destinations, which charge a license fee to cover the lack of administrative obligations, Vanuatu tax havens have no administrative expectations at all from offshore companies.
Offshore companies registered in the Vanuatu tax haven are allowed to keep their accounts, minutes and records anywhere in the world
Unlike most onshore jurisdictions with stifling regulations that require a company to keep all records within their jurisdiction and publish it, this is not a requirement in the Vanuatu tax haven. This gives an offshore company the freedom to keep its records in any place it sees fit. Essentially, this gives a company control over its functions and helps it keep its business activities confidential.
The international companies registered in the Vanuatu tax haven are free to name either legal entities or actual persons as directors regardless of nationality.
Although many offshore jurisdictions promise not to control shareholders or stakeholders in a company, they do impose some control. The Vanuatu tax haven, on the other hand, imposes no rules on who qualifies to be a director, manager, shareholder or stakeholder. In addition, Vanuatu also does not limit the number of directors or shareholders. It accepts registration of companies with even a single director and stakeholder. This essentially means that whether your business is a small or medium-sized business or a large multinational corporation, Vanuatu tax havens do not discriminate.
Vanuatu tax havens allow an offshore company’s capital to be in any currency and any amount
Unlike many offshore jurisdictions that have some form of control over the currency and amount of capital, the Vanuatu tax haven has an open door policy that does not mind the amount of capital or the currency it is in. This allows a company to trade in the currency it deems most appropriate.
Protection of Confidentiality
Vanuatu tax havens restrict public access to an offshore company’s financial information and the business and personal information of owners and beneficiaries. Vanuatu tax havens keep such information private in all circumstances except in special cases where a company is involved in illegal activities such as money laundering, fraud and terrorism. This anonymity can be useful when dealing with competitors or when operating in a market that does not favor a particular individual or group of shareholders. The more familiarity a company has in the current business environment, the more it is able to control its activities.
The average processing time
The Vanuatu tax haven registration process is fast, affordable and free of red tape. Fast processing time speaks to the efficiency of Vanuatu’s tax haven business authority. In fact, registering an offshore company in the Vanuatu tax haven takes two to three business days, and the company documents and legal documents are sent within five days of registration. You can actually easily register your company without physically using yourself in the Vanuatu tax haven.
Protection of a company’s assets
This is especially practical if a company is global and has international interests. An international company uses an offshore company to protect the company’s assets such as real estate and intellectual property. By keeping assets in offshore jurisdictions, such assets are not subject to high tax liabilities. If your business is onshore and is the subject of a lawsuit. There is a high probability that a subsequent document will be filed to freeze all of your company’s assets such as company bank accounts and all assets linked to your business. On the other hand, once your company is registered in the Vanuatu tax haven, it is impossible for legal proceedings to freeze and seize the company’s assets. Vanuatu tax haven is a good place to invest as it is a booming economy, a tourist haven and has a good banking system.
Secretive and convenient banking system
Vanuatu tax haven is a great destination to register your business as banks are not allowed by law to report a business’s income to the IRS like banks in the US. Mot Vanuatu tax haven banks operate on an honor system. An honor system is essentially a system that leaves it up to the company to report its own income to relevant authorities. Vanuatu tax haven banks keep all your financial information private and ensure that no other entity learns about your business and money matters
The Vanuatu Government’s commitment to making it a favorable business environment for international business enterprises
The Government of Vanuatu is fully committed to making Vanuatu a viable and viable jurisdiction for offshore companies. For this reason, it has introduced many laws over the years that favor the creation of IBCs. Such laws include the Companies Act, which imposes less stringent laws on offshore companies. These enabling rules are specifically tailored to an offshore company aiming to take advantage of the benefits provided by tax havens. Remember that it is always good for a company to have its business or registration in countries with supportive governments as there are fewer interruptions and minimal interference.
Advantages of offshore companies in Vanuatu tax haven
– Vanuatu has tax haven facilities in place to help international business companies open corporate bank accounts without being physically available. You can therefore easily open an account via the internet, via fax and make payments with your credit card.
– Vanuatu tax havens are fully stocked with companies that specifically specialize in giving your country a foreign feel, such as an American appeal or a European outlook. Based on your preferences and convenience, these facilities can provide a US or European phone line for companies from unpopular business destinations.
– In addition, Vanuatu tax haven also provides complete anonymity for companies with active internet users. You can enjoy anonymity when performing internet-driven business functions such as email messaging, browsing for research, maintaining business records online in software such as drop box.
Apart from the legal features that make Vanuatu a great tax haven for offshore companies, there are other non-legal features that make registering in Vanuatu an ideal business solution. A legislative framework is not enough to offer an effective functioning of an ideal tax shelter, a tax shelter also requires a few non-legal functions.
Some of the Vanuatu tax haven non-legal characteristics that make it a great tax haven
Vanuatu tax haven is politically stable
Since gaining independence in 1980 from France, this group of islands has enjoyed political stability. Although there have been many regimes, there has been no politically instigated violence or instability. The history of political stability is a good attribute for a company to consider. A good tax haven must assure its offshore companies that there will be no interference or business interruption due to an unstable government.
Vanuatu tax haven has a good communication system and easy access by air
Vanuatu tax havens have modern infrastructures that support a reliable telecommunications system. All the islands that make up Vanuatu are connected by a microwave telephone network. In addition, the microwave telephone network also connects the Vanuatu tax haven with the rest of the world. In addition, Vanuatu tax havens have other appropriate telecommunications facilities such as telephones, fax facilities, telex and a reliable internet connection. The Vanuatu tax haven also has a reliable transport network both internally and externally to other countries.
Vanuatu tax havens have good legal and accounting services
Vanuatu has established legal firms with experienced lawyers who can offer first class legal services. Additionally, other professional services such as accounting and banking are also readily available and readily available at an affordable cost.
Efficient and reliable banking services
Banking services offer both normal banking facilities such as checking accounts and savings and offshore banking facilities such as VAT and foreign overdrafts, loan facilities in foreign currency, insurance, letters of credit and insurance facilities for offshore companies
When a company should consider Vanuatu tax haven as a viable business solution
I. Vanuatu tax haven is a perfect place if you are starting up and running on a budget and you only have a little capital. By registering your companies in Vanuatu, you will be able to reduce expenses by cutting down on tax liabilities and lower registration costs.
II. If you wish to hide the financial and ownership information of a business, Vanuatu will ensure that this information is kept private. By registering in the Vanuatu tax haven, you will be able to operate anonymously and therefore reduce bias based on financial and ownership information. The Vanuatu tax haven even has laws that impose heavy penalties on individuals found guilty of disclosing an IBC’s financial and ownership information.
III. If you run an online business, you can take advantage of the advantages that Vanuatu tax havens have to offer. An online business is a virtual business that does not depend on geographic location. Therefore, the reduced tax obligations and unlimited and uninterrupted operating environment make it conducive for an online based business.
IV. If your home country is politically unstable, you should consider registering your business in the tax haven of Vanuatu. This gives an entrepreneur an easy time to run a business by reducing public interruptions that can disrupt your business. If your home country is politically unstable, it is only logical that you consider going offshore to protect your business interests.
V. It is beneficial to register your business in the Vanuatu tax haven if you plan to enter the global market or strategically introduce your products in Vanuatu and the surrounding countries. The Government of Vanuatu is likely to fully support your business endeavors if you are registered within its jurisdictions. You can therefore make a seamless transition from an offshore company to a global company that also markets and sells its products within the Vanuatu Islands.
The Vanuatu Islands are a tax haven that financially benefits from the registration of offshore companies. As a result, the Government of Vanuatu is fully committed to creating a favorable business environment that can encourage the registration of offshore companies. The laws and professional facilities are streamlined to serve the interests of offshore companies, making it one of the most reliable tax havens in the world.
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Vanuatu company formation fees
Vanuatu Company Formation package includes:
- Vanuatu Company Formation package includes:
- Initial business approval
- Preparation of application documents
- Company registration fee
- Registered office address for 1 year
- Registered agent service for 1 year
- State application fee
- Certificate of Incorporation
- Memorandum & articles of association
- Minutes from the first meeting with the appointment of director(s)
- Share certificate(s)
- Register of shareholders
- Register of directors
From: $3990
Why choose KGN Services?
We have been helping business owners since 1996
Incorporating your company is our focus
We make a complex process quick and easy
We work closely with business registries to guarantee our service
Fastest Offshore Companies and Accounts – Most Competitive Rates Worldwide
Services in Vanuatu tax haven
KGN Services provides the following services in the Vanuatu tax haven:
- Vanuatu incorporation
- Registered office and agent services
- Vanuatu Company Secretarial Services
- Nominated shareholder / Nominated director
- Opening bank accounts in Vanuatu
- Full Vanuatu Company Administration Services
- Postal address in Vanuatu
- Virtual office in Vanuatu
- Trademark registration
- Yacht registration
Vanuatu – General information
Location: Oceania, group of islands in the South Pacific, about three-quarters of the way from Hawaii to Australia.
Area: total: 12,189 km2, land: 12,189 km2, water: 0 km2; note: includes more than 80 islands, of which about 65 are inhabited.
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Natural resources : Manganese, hardwood forests, fish.
Population: 282,814 (July 2017 est.).
Capital: Port-Vila (on Efate).
Time zone: PUTC+11.
Languages: Local languages (more than 100) 63.2%, Bislama (official; Creole) 33.7%, English (official) 2%, French (official) 0.6%, other 0.5% (2009 est.) .
Government Type: Parliamentary Republic.
Legal system : Mixed legal system of English common law, French law and common law.
Participation in international organisations: ACP, AfDB, AOSIS, AU, C, CD, COMESA, EITI (candidate country), FAO, G-77, IAEA, IBRD, ICAO, ICC (NGOs), ICCt, ICRM, IDA, IFAD, IFC, IFRCS , ILO, IMF, IMO, InOC, Interpol, IOC, IOM, IPU, ISO (correspondent), ITU, MIGA, NAM, OIF, OPCW, SADC, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO (observer).
Economy : This South Pacific economy is primarily based on small-scale agriculture, which supplies about two-thirds of the population. Fishing, offshore financial services and tourism, with more than 330,000 visitors in 2017, are other mainstays of the economy. Australia and New Zealand are the main source of tourists and foreign aid. A small light industrial sector caters to the local market. Tax revenue comes mainly from import duties. Economic development is hampered by dependence on relatively few commodity exports, vulnerability to natural disasters and long distances from main markets and between islands. In response to foreign concerns, the government has promised to tighten regulation of its offshore financial center.
Currency: Vatu (VUV).
KGN Services | Vanuatu tax haven
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