VIC company registration

Other Incentives of VIC Offshore Company Formation

The popularity of VIC (Vanuatu international companies) have increased the past few years, as offshore companies provide a number of benefits for businesses and the individuals running them. Not only is the process straightforward, but there are no personal taxes, corporate taxes, capital gains taxes and other incentives.

 

Additional VIC Offshore Company Incentives

An offshore company that’s been incorporated in Vanuatu is also exempt from stringent reporting requirements, and there are no restrictions with regards to employment policies. The only restriction really is that since the company is exempted from all local restrictions and taxes, they cannot do business in Vanuatu. Because it’s a tax haven, a lot of companies and individuals have taken advantage of the opportunity. Continue reading

Advantages of Setting Up VIC offshore company in Vanuatu

Vanuatu has been a tax haven since 1971, but it wasn’t until the Vanuatu International Companies Act in 1993 that the country became known as a dependable offshore jurisdiction. Since the time, numerous companies have availed of its services and many benefits, including the following.

 

Perks and Privileges

A VIC offshore company can have any name it chooses in whatever language, and the offshore company capital can be set in whatever currency you choose, in whatever amount. There is no maximum or minimum share capital needed, and you don’t need to hold any annual general meetings nor file annual returns either. Continue reading