Vanuatu offshore companies (IBC) benefits:

Among the benefits that are specifically enjoyed are the following:

Vanuatu IBCs are tax exempt for 20 years since their incorporation
Domestic taxation is not payable on the net chargeable profits of Exempt and International Companies
Vanuatu does not have party in any double taxation treaty with another country
It is not required to hold annual general meetings
There is no need to file annual returns
They can keep their accounts, records, minutes or register at any place in the world
Only one director is required
Only one shareholder is required
The international companies may name natural or legal person as directors, and may be of any nationality
Bearer shares are allowed
The companies` capital may be in any currency and any amount, there is no minimum or maximum of share capital required.
The only public information of the company is: its Constitution, registered office address, registered agent name, and any charges against its assets
There are no exchange controls in Vanuatu

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