Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
Looking for an offshore zone where sophisticated financial products are available and the financial sector and international trade are actively developing? Then your ideal choice is the Republic of Vanuatu. A small island creates favorable conditions for foreign investors, providing them with preferences and many other perks for running a successful business. If you want to set up an offshore branch, keep reading to find out what to prepare for and why it is better to turn to professionals for a successful result.
The country is one of the youngest, where offshore companies are gaining popularity. And all thanks to the efforts of the government to establish and improve the economic situation of the country. Providing foreign investors with relaxations and flexible work of the legislation, they attract more and more businessmen every year.
And the main reason why Vanuatu offshore is gaining such popularity is that the lack of natural resources and any exclusive characteristics forces the state to modernize the tax system to attract new investors from all over the world. In simple words: it cannot give up its offshore sector, because otherwise it will not survive. Therefore, to ensure the well-being of its own people, the government is trying to develop offshore services.
It is very profitable for entrepreneurs to choose it, since many first-world countries put pressure on offshore companies to tighten the conditions for foreign accounts. In addition, business owners get many more advantages by choosing this island:
This format is obtained by different organizational and legal forms. But most people choose to open an international firm, as this form of government allows you to keep investors anonymous and optimize tax payments.
You should know not only about the advantages of choosing, but also about the nuances of the legislative and tax system. The rules provide directors with the opportunity to be a natural or legal person, to reside outside the islands and not be their citizen, and to act as a shareholder.
But the best part is that the owners are not controlled by any authorities and are not required to file reports. However, you still have to conduct it. Now let's move on to taxes.
In this jurisdiction, there is no income tax, on the repatriation of capital and its gain. And the corporate rate is only 0%. A separate plus is that there is no direct taxation system on the islands. But you still have to pay VAT, import duties, rental income and stamp duty. If all these conditions suit you, let's find out what you need to open a company.
Although the offshore registration procedure consists of several steps, it is not complicated and intricate. You need to choose the appropriate jurisdiction and bank to open an account, pay for services in a convenient way for you and collect the necessary package of documents, get bank details and registration documents. This is a shortcut.
But in fact, the procedure is longer, although, we repeat, it is not complicated. In addition to the above, you will also need:
Despite the fact that everything looks quite simple, it is better to entrust this task to a team of experienced specialists. And now you will understand why.
If you plan to register an offshore company in the Pacific Ocean, please contact our team for help. We will help you get the desired result, without delving into the bureaucratic processes, thereby freeing up time. Which you can spend on more pleasant things, like going out with your family or going to the theater.
And the coolest thing is that you can buy an offshore company in Vanuatu ready-made. Just explain to the experts what you want, and they will pick up a ready-made option for you. With this you will also get:
Specialists with many years of experience will work with you, who will help in all the nuances of the case and provide the desired result in a short time. So if you want to get what you want and at the same time save time, nerves and effort, be sure to contact us!
Maksym Stepanenko
Managing Partner, Crystal Tax
International client projects since 2012: company structures, tax, immigration, DUNS and NCAGE. 50+ jurisdictions.
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Our advantages
Corporate structuring, company registration in Ukraine and abroad, tax and reporting, migration, bank accounts, DUNS and NCAGE codes. We run the whole project, from choosing the solution to the finished documents.
Confidentiality terms are set out in our contract. We do not pass information about a client or their project to third parties, except where the law expressly requires it.
We compare jurisdictions against your business task: tax regime, reporting, substance requirements and access to banking. On the call we go through the upsides and the limits of each option.
We name the timeline for every step before the work starts — it depends on the jurisdiction, the registrar and the bank. Personal data is used only to deliver the service.
We handle the correspondence with registrars, government bodies and banks and answer their requests ourselves. From you we need documents and signatures.
We take each case to the finish: if an authority or registrar comes back with remarks, we revise the documents at no extra charge. The fee is calculated for your task before work starts.