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Vanuatu International Companies Limited

About VICL


Mission
An expert on the incorporation of international business companies of Vanuatu
The leading incorporation provider of international business companies of Vanuatu in the regions of Hong Kong S.A.R., Macau S.A.R. and the People’s Republic of China (PRC)
  


Business Model

VIC focuses only on the incorporation and secretarial services on international business companies of Vanuatu
VIC positions itself as distributor and wholesaler of Vanuatu international business companies
VIC ’s strategy on B to B business model

 

VIC- Features and Merits

May carry on business anywhere in the world except Vanuatu
May carry on any business pursuant to Vanuatu International Companies Act Cap.222 except to the limitation of the jurisdiction the business is carried, e.g. banking, insurance
Company name may end with Limited, Incorporated, Corporation, Sendirian Berhad, Responsabilite Limitee, Gesellschaft mit beschrankter Haftung, Besloten Vennootschap or their abbreviations
Director and shareholder may be natural person or corporate entity, (1) no specific requirement on residence or citizenship, (2) minimum number is 1, (3) sole director may also be the sole shareholder
Director meeting and shareholder meeting may be held anywhere
Meetings via telephone, facsimile, conference calls, electronic means are acceptable
May not require an authorized capital
Government fee is fixed disregard the amount of capital
Limited by shares or guarantee or both
Bearer shares are allowed but shares can only be held by an authorized custodian not by the owner
No audit on financial statements
No annual returns, filing required
Except the constitution filed with the Commission Registry, the company’s statutory registers will be maintained only with the registered agent
No need to file with governmental authorities in respect of company structure
Company search not entertained unless authorized by the international company
High level of privacy and confidentiality
Government support on high confidentiality by the provisions of the International Companies Act No.32 of 1992. The Act states that:
“125.(1)Any person, except when required by a court of competent jurisdiction, with respect to any company otherwise than for the purposes of the administration of this Act or for the carrying on of the business of the company, in Vanuatu or else-where, divulge, attempts, offers or threatens to divulges or induces or attempts to induce other persons to divulge any information cornering or respecting:
 (a) the shareholding in or beneficial ownership of any share or shares in a company;
 (b) the management of such company; or
 (c) any of the business, financial or other affairs or transactions of the company ;
 shall be guilty of an offence
 (2)Any person who contravenes the provisions of sub section (1) shall, on conviction, be liable to a fine not exceeding US$ 100,000 or to imprisonment for a term not exceeding 5 years or to both such fine and imprisonment.”
At present, Vanuatu has not signed any international treaties on Tax Information Exchange Agreements (TIEA) with PRC, HK S.A.R. and Macau S.A.R.
 - thus no formal channel on tax information exchange
 - government has no intention to enter into such agreement to maintain the high level of tax privacy of the international companies
Vanuatu is currently on the “White list” of the OECD as Vanuatu has met substantially implemented internationally agreed-upon tax standards
“White list” of the OECD means Vanuatu is not on the “Black list” of world money laundry nations

 

VIC vs. registered agent of other jurisdictions

  

 

VIC is the official authorized representative by Vanuatu Finance Services Commission (VFSC)
International financial services fully supported by the government
An official Trade Commission is set up in Hong Kong to develop, promote and support the international financial services in the regions of Hong Kong S.A.R., Macau S.A.R. and PRC
The Trade Commission in Hong Kong is served full-time by a senior government officer and a licensed solicitor

The official authorized representative of VFSC to maintain a database of all Chinese company names
Two directors of VIC are duly appointed by VFSC as the Authorized Officers in the regions of the PRC to approve and certify any document for and on behalf of the VFSC, e.g. Certificate of Incorporation, Certificate of Good Standing, etc
The two Authorized Officers of VIC are: Timothy Man Yau, Cheung and King Cheung, Ng
VIC ’s business focuses only on the incorporation of international business companies of Vanuatu and no other business or jurisdiction
Expert on international business companies of Vanuatu
Leading incorporation provider of international business companies of Vanuatu
Provide competitive rate than most of the other registered agent of other jurisdictions

 

VIC vs. other offshore companies

Time zone of Vanuatu in Pacific region -> 3 hours ahead of Hong Kong which match substantially the business hours in Hong Kong, Macau and PRC (others mainly in Caribbean region, i.e. Caribbean is -12 hours and Samoa is -19)
Most competitive rate
Most quickest for incorporation and post-incorporation services, ranging from ½ to 1 business day, for instance:
 - A tailor-made company may be set up within ½ business day on urgent basis
- Certificate of Good Standing, Certificate of Incorporation on tailor-made company may be issued within ½ business day
Chinese company name needs no Certificate of true translation by solicitor
Chinese company name printed on Certificate of Incorporation and Constitution
Vanuatu International Companies Act Cap.222 are in substantially the same provisions with other leading jurisdictions of offshore companies
IC fully supported by the Trade Commission in Hong Kong
Two Authorized Officers of VIC are duly appointed by VFSC to support a timely incorporation services in Hong Kong
Vanuatu international business companies recently promoted to Asian countries, comparatively easy to reserve Chinese company name
Well designed company kit with strong uniqueness

 

IC – Standard company Pack

1 International Company Record
1 original Constitution stamped by Commission Registry
3 copies of stamped Constitution
1 original Certificate of Incorporation
1 pocket with common seal and company chop
1 International Company Register (statutory registers)
10 Share Certificates
1 Incorporator Resolution appointing first director(s)
1 Quality Guarantee Certificate
1 set of Incorporation Minutes and Documents