International Companies

Companies formed under the Vanuatu International Companies Act (Cap 222) are probably the most flexible and cost-effective offshore companies in the world.

Rather than the usual Memorandum & Articles of Association, International Companies have a simple Constitution that provides maximum flexibility while maintaining full compliance with the criteria required by the OECD Organisation for Economic Cooperation and Development) and the FATF (Financial Action Task Force), the two organizations that are responsible for monitoring the integrity of financial transactions and sources of funds.

Vanuatu International Companies permit the issue of bearer shares as long as thy are deposited with an authorized custodian but VRS does not recommend the use of bearer shares any longer as dealing with them is now more cumbersome than dealing with normal registered shares and their use tends to invite suspicion and investigation.

The VFSC does not publish the names or other personal particulars of the shareholders and Directors of International Companies.

Vanuatu International Companies can be formed in anything from one to three days depending on the desired name. Names may be in English or French or in any other language as long as a translation is provided. One of the tasks of consuls appointed under the VRS consular program is to verify foreign language names for International Companies.

There is no tax in Vanuatu and, as a result, no tax treaties.

Local Companies

Local companies are used for enterprises that want to do business in Vanuatu. Foreigners who want to do business in Vanuatu must obtain approval from the Vanuatu Investment Promotion Authority (VIPA).

VRS is not at present in a position to promote local Vanuatu companies directly but its subsidiary, VRS (Vanuatu) Ltd is able to facilitate the incorporation and establishment of local companies and assist in applying for VIPA approval on a consultancy basis.