VANUATU OFFSHORE COMPANIES (IBC)
BENEFITS
Among the benefits that are specifically enjoyed are the following:
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Vanuatu IBCs are tax exempt for 20 years since their incorporation
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Domestic taxation is not payable on the net chargeable profits of Exempt and International Companies
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Vanuatu does not have party in any double taxation treaty with another country
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It is not required to hold annual general meetings
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There is no need to file annual returns
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They can keep their accounts, records, minutes or register at any place in the world
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Only one director is required
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Only one shareholder is required
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The international companies may name natural or legal person as directors, and may be of any nationality
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Bearer shares are allowed
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The companies` capital may be in any currency and any amount, there is no minimum or maximum of share capital required.
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The only public information of the company is: its Constitution, registered office address, registered agent name, and any charges against its assets
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There are no exchange controls in Vanuatu
