Registering a company in Vanuatu is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Vanuatu Financial Services Commission and Vanuatu Revenue Management Division. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Vanuatu. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this beautiful Pacific island nation.
Step 1: Choose your company type
The first step in registering a company in Vanuatu is to choose the type of company you want to register. The most common types are:
- Limited Company
- International Company
- Sole Trader
- Partnership
- Branch of a foreign company
Step 2: Choose a company name
Before registering your company, you'll need to choose a suitable name. The Vanuatu Financial Services Commission (VFSC) has guidelines for acceptable names, which can be found at this link: https://www.vfsc.vu
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (for Limited and International Companies)
- Application for Company Registration (for all types)
- These forms can be downloaded from the VFSC's website: https://www.vfsc.vu
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for Limited and International Companies) or one representative (for Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Vanuatu does not have a prescribed minimum capital requirement for company formation. However, it's important to ensure that your company has sufficient capital to cover its operational costs.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Vanuatu Financial Services Commission (VFSC). This can be done in person at their office or online via the following link: https://www.vfsc.vu
The fees for registering a company are as follows:
- Limited Company: VT 30,000 (approximately $275)
- International Company: VT 50,000 (approximately $460)
- Sole Trader, Partnership, Branch of a foreign company: VT 20,000 (approximately $183)
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Vanuatu Revenue Management Division. This can be done in person at the local Tax Office or online via the following link: https://customsinlandrevenue.gov.vu
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
Time-frame:
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 2 to 4 weeks, depending on the complexity of your application.
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