
A nominee director can be appointed on behalf of an interested party. He/she acts as company director but in a passive role.
A nominee shareholder holds the legal title to the shares in a company on behalf of the beneficiary owner. He/she has no claim over the shares but his/her credentials appear for official registration purposes.
A check carried out by a notary and a certification granted by the government (where your company shall be based) that your documents are authentic. Mandatory if you are opening an offshore bank account
If you have opted for a Nominee Director, a Power of Attorney may be appointed to take decisions on behalf of the company
Reserving a name with the Vanuatu Financial Services Commission (VFSC) costs vary depending on whether it is done through an agent or via the online registry.
Renewal fees in Vanuatu are generally due on the anniversary date of the company’s incorporation each year.
If you need documents legalized for use in another country, Apostille fees from the Vanuatu government vary by document.
Yes, if you decide to rename your business, then the government fee, along with the agent processing fees, must be paid.
Missing the renewal deadline results in a penalty, and if the company remains unpaid for several months, the Vanuatu Financial Services Commission (VFSC) may strike it off the register.
No, the cost of setting up a company in Vanuatu and the renewal fees are different. To know more about it, you can get in touch with a business expert.
The fees covered under the Vanuatu offshore company formation cost are government fees, registered agent fees, license fees, and so on.
You may choose to open an offshore company and bank account in a jurisdiction of your choice. However, you have no obligation to select a bank from the abovementioned list and may opt for another bank of your choice. BSW is not proposing any banking services; we are proposing an introduction service that includes preparing the application form and business plan and submitting both files to the bank. Accepting the same is at the sole discretion of the bank authorities.
Bank account opening applications are subject to mandatory due diligence by the bank and clauses under national and international (FATF) standards, mainly to prevent money laundering. The content on this page must not be interpreted as a proposition to waive any due diligence or adherence to standards.