'Local' Limited Company; Exempted Company; International Company; Overseas Company; General Partnership; Limited Partnership; Offshore Limited Partnership; Foundation; Protected Cell Company; Incorporated Cell Company

Shelf companies permitted

Yes

Incorporation timescale for a new company

1 working day

Company suffix

Corporation, Incorporated, Limited, Sendirian Berhad, Societe a Responsabilite Limitee, Besloten Vennootschap, Gesellschaft mit beschrankter Haftung, or their abbreviations: Corp., Inc. Bhd., SARL., B.V., or GmbH, etc.

Sensitive words

"Royal", "Imperial" or other similar misleading words, according to the Financial Services Commission

Cyrillic alphabet permitted in company name

Yes

Local registered office

Yes

Local registered agent

Yes

Information to be kept at the registered office

accounts, records, minutes of all meetings, copies of resolutions, registers of directors and shareholders

Seal required, type of seal

No

Redomiciliation (to, from) permitted

permitted

Director and secretary

Minimum number of directors

1

Residency requirements for directors

No

Corporate directors permitted

Yes

Directors’ meetings/frequency/location

No restrictions

Disclosure to local agent

Yes

Disclosure to public

No

Company secretary required

No

Residency requirements for a secretary

No

Qualified secretary required

No

Corporate secretary permitted

Yes

Shareholder and beneficiary

Minimum number of shareholders

1

Residency requirements for shareholders

No

Corporate shareholder permitted

Yes

Meetings/frequency/location

No restrictions

Disclosure to local agent

Yes

Disclosure to public

No

Beneficiary info disclosure to

No

Shares and share capital

Minimum authorized share capital

Not established

Minimum issued share capital

1 share

Minimum paid share capital

1 share

Authorized capital payment deadlines

Not established

Issued capital payment deadlines

Not established

Standard currency

USD

Standard authorized share capital

10000

Standard par value of shares

1

Shares with no par value permitted

Yes

Bearer shares permitted

Yes

Taxes

Personal tax

No

Сorporate tax

No

Corporate tax (in detail)

No

Capital gains tax

No

Capital gains tax. Details

No

VAT

No

VAT. Details

International companies are exempt from all forms of taxation in Vanuatu

Withholding tax

No

Other taxes

No

Exchange control

No

Government fee

150 USD for the registration of an international company

Stamp duty

No

Accounts

Requirement to prepare accounts

No

Requirement to file accounts

No

Publicly accessible accounts

No

Requirement to file Annual Return

No

Publicly accessible Annual Return

No

Audit required

No

General information shortly

Location

An archipelago of 83 islands between New Caledonia and Fiji in the South Pacific

Total area

12,200 sq. km

Population

300.000 (2019)

Capital

Port Vila

National currency

Vatu

Conditional reduction of currency

VUV

Against USD

113,67 (2022)

Climate, average max and min t°

tropical marine; two main seasons: cold (dry season) from May to October with an average temperature of 25 °C and wet (cyclone season) from November to April with an average temperature of 27 °C.

Time difference from Moscow

+ 8 hours

Dialing code

+678

State language

Pidgin (bislama), English, French

Ethnic groups

97.9% Ni-Wanuatu (Melanesians); 1.0% Europeans; 0.4% other ethnicities (Pacific Islanders); 0.7% others

Literacy rate

78,1% (2019)

History

—

Credit rating

Government type

A parliamentary republic

Executive branch

Cabinet, headed by the Prime Minister; appointed by the Prime Minister and answerable to Parliament

Legislative branch

Unicameral Parliament: 52 MPs elected by popular vote for four years

Judicial branch

Supreme Court, Court of Appeal, Magistrates' Courts, Island Courts

Unemployment

2,1% (2020)

GDP per capita rank

175 (2020)

Corruption perceptions index rank

45 (2021)

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