Having a great idea for a business is all well and good, while if you are looking to set up a company in a country with favourable business conditions, then you should think about starting a business in Vanuatu. Vanuatu is an island nation located in the South Pacific while it has emerged as an attractive destination for people looking to set up businesses. As a consequence, if you want to start a business in Vanuatu then you should continue reading this article because you will be able to learn about the most important steps that you need to take throughout the process.
- Company type and model
- Register with the authorities
- Shareholders and directors
- Choose an appropriate company name
- Company type
One of the most important things to think about whenever you want to set up an offshore company in Vanuatu is to determine which particular type of company you want to establish. Indeed, a number of business types have various requirements and benefits depending on the business model meaning it is essential to understand the distinctions between them and choose the appropriate model that suits your business goals.
- Register with the authorities
The first step in setting up a company in Vanuatu is to register with the relevant authorities. Indeed, you will also need to submit necessary documents, including the company’s constitution, details of its directors and shareholders as well as pay the appropriate registration fee
- Shareholders and directors
If you want to form a company in Vanuatu then you must be aware that a minimum of one director in one shareholder is required. Furthermore, they can be of any nationality and they can reside anywhere in the world, meaning foreign corporate directors and shareholders are permitted to be on the senior management team, allowing flexibility for international investors.
- Choose an appropriate company name
Finally, if you want to establish an offshore company, then you must choose a unique and distinguishable name. Furthermore, the name should not be similar to any existing companies that are registered in Vanuatu to avoid confusion. Every company that is registered in Vanuatu must also have a registered office and registered agent located inside the country.
Therefore, to summarise, if you want to set up a business in Vanuatu then you should determine which company type you want as well as register with the relevant authorities and identify your shareholders and directors while choosing an appropriate company name is essential.
