Sole traderVanuatu
What it takes to form, own and run a sole trader 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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The sole trader is personally liable for debts she or he incurs.
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1. The registration of a business name under section 6 12,000 12,000
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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
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Sole trader.
Own it
Who may own and run it
Not in our records Directors, Shareholders, Members, A local company secretary, A local registered agent: none of these is in our records for the Sole trader.
Each year, at the registry
- Annual registry fee
- VUV 5,000
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(a) Renewal fee 5,000 5,000
- Accounts on the public record
- Does not apply
- Audit for a small company
- Does not apply
- 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 Sole trader are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Sole trader.
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, so neither the partnership nor its partners are taxed on trading profit; VAT, rental-income tax and stamp duty are separate.
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there is effectively no corporate and personal income tax in vanuatu
- CFC rules in Vanuatu
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- A person who ceases to carry on business under the registered business name must give the registrar notice in the prescribed form within one month, and the registrar may then delete the name from the register (Business Names Act s.9(1)-(2)); the registrar may also delete a name not in use after notice by registered post (s.9(3)).
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he shall within one month of ceasing to carry on business under the business name give notice to the registrar in the prescribed form that he has ceased to carry on business under the registered name.
- Statutory fee
- Not in our records
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
- Sole traderDerived our grouping, the same words in every country
- Name in law
- Sole trader
- Identifier
- VU-SOLE-TRADERA form ISO 20275 does not list.