Polonius provides services for the registration of companies in Vanuatu and the opening of bank accounts in different jurisdictions.

Vanuatu – General Information

Vanuatu is a group of islands in Oceania, in the South Pacific, between Hawaii and Australia.

The area is 12,200 square meters. km 
The population is about 205 thousand. 750 people. (2005) 
The capital is Port Vila. 
Languages – English (official), French (official). 
Monetary unit – cotton (VUV).

The full name of the state is the Republic of Vanuatu.

Government: Republic.

Legal system: based on English and French law. The country signed the 1961 Hague Convention.

Economy overview: A state with a typical Pacific economy focused on agriculture, fisheries, and tourism. Also, the active attraction of foreign capital contributes to the development of the offshore services sector.

Vanuatu Offshore – Key Facts

Corporate law

The Companies Act (Cap 191) or the International Companies Act 1992 (No. 32).

Exempted company type

  • International Company “IC” (International Company).

Permitted activities

Any legal activity

Requirements for an offshore company

There is a registration office and registration agent in Vanuatu.

Taxation

The company is fully tax-exempt

Company name

The company name must end with an ending meaning a limited liability company for the International Company “IC” (International Company) and may contain letters of the Russian, Chinese, Japanese alphabet, etc.

The authorized capital of the company

The proposed share capital is 10,000 USD (it is not required to pay authorized capital).

Bearer shares

Not allowed.

Shares without par value

Allowed.

Shareholders and Directors

The minimum number of Shareholders is one (natural or legal person). 
The minimum number of Directors is one (natural or legal person).

For your maximum security, we offer the services of nominee shareholders and directors. Nominals will formally appear in all major company registration documents, a general power of attorney will be issued to your representative (or to you personally) for managing the company and denial letters of resignation of the nominal director with an open date, which you can put down at any time, thereby changing Director, in addition, a trust declaration will be issued between the nominee shareholder and your representative (or you personally), which confirms that the nominee shareholder owns the shares of the company In your favor and without your consent, you do not have the right to take any action with them.

Meetings of Shareholders / Directors

Meetings of shareholders and directors can be held anywhere in the world.

The need for accounting

No requirements.

The need for an annual report

No requirements.

Access to information on shareholders and directors by third parties

Impossible. Information is not available to third parties and can only be opened by a local court decision.

Storage of company documents

The place to store company documents is any.

Signed agreements to avoid double taxation

Not.

Currency control

Missing.

The term of registration of the company from the date of filing

About two weeks.

Procedure and company registration procedure

  • Check and confirm the company name in the register
  • Preparation and completion of all necessary documents (Memorandum and Articles of Association, various resolutions)
  • Payment of required registration fees and charges
  • Registration of companies in the Register of Companies
  • Notarization and apostil (if necessary)
  • Delivery of documents to the client by courier

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