CompanyVanuatu
What it takes to form, own and run a private limited company in Vanuatu, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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shareholders cannot be personally liable for the debts of the company
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Every company must have at least one shareholder and at least one share.
The registry’s and the law’s own pages do not mention it.
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For an application to register a company under section 6 Companies Act 2012 35,000 35,000
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there is effectively no corporate and personal income tax in vanuatu
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- A company must not issue a share that is partly paid, or one that imposes any liability on its holder to make a payment to the company (Companies Act 2012, s.23(1)); shares are therefore issued fully paid.
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A company must not issue a share that is partly paid, or that otherwise imposes any liability to make a payment to the company on its holder.
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · a company may be one
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A company must have at least one director.
- Shareholders
- At least 1
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Every company must have at least one shareholder and at least one share.
- Members
- At least 1 · one person may form it alone
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Under the Companies Act, one person can form a company, by being the only shareholder and the only director.
- A local company secretary
- Not required
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An application for registration of a company must specify:
- A local registered agent
- Not required
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A company must always have a registered office and postal address in Vanuatu
Each year, at the registry
- Annual registry fee
- VUV 35,000
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For a registration of an annual return under section 119 Companies Act 2012 35,000 35,000
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not required
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is a private company with an annual turnover exceeding VT50 million.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Company are in our records.
What is public
- Directors
- Public
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you can determine whether an individual is, or has been, a director or shareholder of a company
- Shareholders
- Public
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you can determine whether an individual is, or has been, a director or shareholder of a company
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
No tax on profit · 0%
The Vanuatu Foreign Investment Promotion Agency's tax page says there is effectively no corporate and personal income tax in Vanuatu; it lists VAT at 15%, a 15% tax on rental income above VT200,000 in six months and stamp duty of up to 1% on some transactions, none of them a tax on trading profit.
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there is effectively no corporate and personal income tax in vanuatu
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
- CFC rules in Vanuatu
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Removal from the register under Companies Act 2012 Part 10: the Registrar removes a company that fails to file its annual return within 6 months of the allocated date, or whose liquidation documents are not delivered within 6 months of completion, or on a request (by a shareholder authorised by special resolution, or a director where the rules allow) on the grounds that it has ceased business, paid its creditors and distributed surplus assets, or has no surplus assets and no creditor has applied for liquidation (ss.139-141); public notice is given and the Registrar acts only if no one objects (ss.142-144). A company is removed when the Registrar's notice is registered (s.139).
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A company is removed from the Vanuatu register when a notice signed by the Registrar stating that the company is removed from the Vanuatu register is registered under this Act.
- Statutory fee
- Free
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For a request to remove a company from the register under section 140(c)(1) Companies Act 2012 No fee No fee
Every business in Vanuatu
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Vanuatu.
Payment and banking services
None of the services whose lists we hold names Vanuatu. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Company
- Identifier
- VU-COMPANYA form ISO 20275 does not list.