Have You Thought About Vanuatu Company Formation?
Those interested in setting up an offshore company should consider Vanuatu company formation. After all, it is an island country that has put considerable effort into creating as well as maintaining an economic environment that is very hospitable for such enterprises, thus making it an excellent choice for those who are concerned about long term viability. Better still, there are plenty of parties that have already set up an offshore company in Vanuatu, meaning that interested parties should have no problems finding useful information with which to guide their own efforts in this regard.
Why Would You Be Interested in Vanuatu Company Formation?
Here are some of the reasons that people might be interested in setting up an offshore company in Vanuatu:
For starters, Vanuatu offers a very hospitable environment for offshore companies. For proof, look no further than the fact that the island country has no direct taxation whatsoever, which should come as welcome news to those who are disgruntled by the percentage of their earnings that is dedicated on an annual basis elsewhere. Other examples range from how Vanuatu has no auditing requirements to how Vanuatu has no paid-up capital requirements.
Generally speaking, the requirements for setting up an offshore company in Vanuatu are very loose in other regards as well. As a result, interested parties enjoy considerable flexibility when it comes to their arrangements for their offshore companies. For instance, the Commission of Vanuatu has no problem with the appointment of nominees for international companies in most cases, though it should be mentioned that this isn’t true when it comes to those that are involved in more restricted activities requiring special licenses such as the handling of securities and other regulated financial matters.
Vanuatu has an interest in seeing interested parties set up offshore companies on its shores. Due to this, it has taken steps to make sure that the process is as smooth as possible. For example, interested parties should have no problems getting a bank account, a credit card, as well as other tools needed for their business. Likewise, interested parties can expect a dedicated manager to be available to them throughout the year, whose services can make even the most complicated processes that much more manageable for them.
Having said that, chances are good that confidentiality is one of the biggest selling point for a lot of interested parties. Simply put, Vanuatu has secured systems in place to make sure that their clients’ personal information is protected from unauthorized eyes. Something that should provide them with much peace of mind should they choose to commit to Vanuatu company formation.
What Do You Need For Vanuatu Company Formation?
As mentioned earlier, the requirements for setting up an offshore company in Vanuatu are very relaxed. The standard authorized capital is just $10,000 USD, while the minimum paid-up capital requirement is an even more manageable $1 USD. On top of this, it should be mentioned that one is the minimum number of directors and/or shareholders for the offshore company. Still, interested parties should make sure to look further into the matter before making a final decision. By reading up, they can provide themselves with the knowledge that they need to make the best choices for their particular needs and circumstances. Something that Vanuatu will be more than happy to help them out with.