Why Is Opening an Offshore Company in Vanuatu a Good Idea?
Vanuatu has been attractive to many businesses for a while. Not solely for their ease of setting up offshore company ventures, but also for their International Banking Licensing capabilities. Vanuatu boasts an offshore investment industry that has long been well-formed. Not to be overlooked, the region has incredible corporation formation possibilities with some locations offering citizenship to business owners. Today many wealthy individuals, in addition to company representatives, are pleased with what Vanuatu has to offer them.
There are many great reasons to choose Vanuatu for offshore company formation or to open a bank account. This region may not be the first one that comes to your mind when considering this. However, it should be! Ever since “The Vanuatu International Companies Act” came to be, investors have become attracted to this location. This act makes it easier to set up a company and/or a bank account here. There are other factors entering into the equation. Keep reading.
For one thing, there are zero requirements for auditing accounts, although it is necessary to establish an account. Another perk is no corporate tax mandates. This applies to both domestic companies (for Vanuatu residents) and international companies. Imagine your company earnings will be that much more income every year because it does not pay taxes. Any fees involved with the establishment of your company will be minimal.
One more important reason to select Vanuatu as an investment Mecca is the privacy factor. Neither business owners nor individual investors are required to divulge personal information. This means “prying eyes” will never be able to thwart your business operations. There is nothing they can ever learn about you or your company that can make you or it a target. You are totally safe.
Investing in Vanuatu is Easy!
Whether you are seeking to form an offshore company, or simply open an offshore bank account or two, the process is relatively easy. As far as a bank account goes, the capital mandated minimum amount needed is only $500,000. When you compare that to other countries’ minimum account amounts, you shall find this is quite reasonable. If you are concerned about how much the cost will be to form a company in Vanuatu, relax, they are extremely low. The fee from an agent for the registration process is only around $1000. Once again it is small in comparison to that of other regions in the world.
Living in Vanuatu
If you wish to also live here, you will find that pleasing too. Doing so will be completely tax free. Vanuatu is a virtual paradise with clean sandy beaches and a pollution-free atmosphere. There are not any bad feelings towards immigrants by residents of these South Pacific Islands. No tensions exist amongst the citizens, so it is rather peaceful. You would enjoy living in Vanuatu.
Interesting Facts About Companies in Vanuatu
Only one shareholder is necessary in order to own a corporation here. Therefore, if you do not wish to have a partner, you don’t have to. Then there are bearer shares. This facet of investing allows corporate owners to issue bearer shares. What this does is shield private details of the shareholders from the public eye. This pleases many investors. They also like the small share capital amount that Vanuatu authorizes. It is only $300 United States’ dollars. The primary language spoken here is English. However, if you speak another language, you shall get along just fine.
What Is Your Best Course of Action?
Let’s say you have now decided to create an offshore corporation and/or bank account in Vanuatu. Now what? What steps do you take to proceed? The best thing you can do is find a company to represent you. It must be one that is experienced in each nuance of this process. Ideally, you want a company who has invested in Vanuatu themselves and earned massive profits. A great place to start is with the people who have written this blog. Blogs such as this one clearly demonstrate an understanding of this topic. They have found success in Vanuatu. Why not let them show you the ropes? We are sure you will be successful.