Incorporate a Company
The South Pacific's Vanuatu Specialists.
As an investor looking at Land/Property investments in Vanuatu, you may wish to own your investments through a locally incorporated company.
There are many benefits with this option such as:-
- Expedient transfer of ownership.
The standard procedure when purchasing a property is to apply to the Lessor for a Consent to Transfer the Lease to the new Lessee. Once this has been obtained, Lease Transfer documents are then sent to the Land’s Records Office to register the Transfer of Lease. Cost is 7% in Stamp Duty and registration fees. Many property purchasers demand a clause in the sale contract that registration be the final settlement condition.
Leases registered to a Local Company avoid this by simply transferring the share in the company and registering the transfer with the Vanuatu Financial Services Commission, paying a reduced total of 4% only. In some cases, the consent is not required on certain share transfers.
- Easier To Obtain Finance/Loans.
Banks are more likely to provide finance to purchase or to develop the property to a local company than to a non resident owner. A local company is always ‘resident’ and provides more comfort to local banks than a non resident because of the ease in preparation of security documentation.
- Carry on as a Business.
You or the new owner of the property may decide or wish to set up a business in Vanuatu. With a company already in place, the investor will only need to apply for the relevant approvals in the name of the company. Please visit VIPA – Vanuatu Investment Promotion Authority www.investinvanuatu.com on how to invest in Vanuatu. The business need not be related to the property itself.
- Residency Qualifications.
An investor will still qualify for Residency as an Urban Investor even though the property investment is held through a company, as long as the investment is of VT10,000,000 or more. Approximately US$100,000.00.
If you are interested in establishing a local company to hold your investments or to engage in international and/or local business, our associate, Moores Rowland Vanuatu, stand ready to provide you with ‘One Stop’ to set up your company, assist with finalizing of the transfers, payment of Stamp Duties etc. and other services you may require such as Residency, VIPA Application, etc.
Moores Rowland Vanuatu is a professional Firm of Accountants and Business Advisors. The current Principals have been living and working in Vanuatu for more than 30 years and draw on global expertise, knowledge and capabilities from the accumulation of international experience to assist you with your accounting, audit and local business requirements.
A founding member of the Vanuatu Financial Center Association, Moores Rowland Vanuatu provides accounting, auditing, management and consulting services to government, offshore clients, local businesses, and individuals from around the world.
Established in Port Vila, Vanuatu in 1971, Moores Rowland Vanuatu has been a central figure in the local Financial Center. Vanuatu is the premiere Pacific International Financial Center and an important regional financial hub for the administration and management of offshore entities, insurance companies together with shipping registrations and trust establishment. There are no personal or corporate income taxes, no estate or gift duties, no exchange controls, and secure privacy provisions incorporated into various local and ‘offshore’ legislation.
They offer a complete range of professional accounting services, incorporate international companies, local companies, insurance companies and banks and provide wholesale company incorporation services to finance, legal and tax guidance professionals. Moores Rowland Vanuatu serves as a registered agent and maintains a registered office facilities. All aspects of company and trust management are part of their daily operations. This includes book keeping, establishment and management of bank accounts and corporate management.
Moores Rowland Vanuatu prides itself on a tailored service for individual clients. Confidentiality, efficiency and protection of your assets are priorities of their service.
For more information, and for the latest special prices, please visit their web site at http://www.mooresrowland.com