Vanuatu Sets Up the First Blockchain Stock Exchange in The Southern Hemisphere
Vanuatu Taxation. Vanuatu has no income tax. None. Nor any estate taxes or capital gains taxes. In fact, other than enforcing a rather lax 12.5% VAT, Vanuatu has few taxes at all. With such a taxation regime in place for international companies and offshore companies incorporated in the jurisdiction, Vanuatu can rightly be considered as a “Tax Haven” – and one of the most attractive in the World from many perspectives.Vanuatu companies will operate tax free in the tax haven of Vanuatu as long as their earnings are accumulated outside of the tax haven.
Vanuatu offshore business companies and international companies are prohibited by the laws of the country from partaking in business dealings or conducting business on behalf of residents of tax haven Vanuatu. Vanuatu is a pure tax haven for the simple fact that the offshore jurisdiction has no income or corporate taxes for both residents and foreigners.
Vanuatu is also well known for having zero corporate tax, it also has no income tax, no capital gains tax, no estate tax, no wealth tax,no withholding tax, no gift tax and no other personal income taxes. International companies and offshore or exempt companies are very easy to incorporate in the tax haven of Vanuatu. Company legislation allows for the formation of flexible business company structures. Offshore companies legislation in Vanuatu makes it possible for only one director and one shareholder to incorporate a company in tax haven Vanuatu. Directors can be a corporate body or a natural person.
The tax haven of Vanuatu provides excellent offshore banking and banking services to private individuals and corporations. Vanuatu offshore banking centre is very active with numerous banks having received license to provide offshore banking services. Vanuatu has a number of international banks’ branches and agents providing services to the public. As a tax haven Vanuatu offshore bank accounts pay no taxes on interests earned.