VANUATU

Status	Republic (formerly New Hebrides)
Area, sq.km:	12 190
Population:	193 000 (2001 July)
Capital:	Port Vila
Business language:	English, French
Currency:	Vatu (VUV)
Location:	Pacific Ocean, at the south-eastern part of Melanesia
Time zone:	GMT + 10

INCORPORATION DATASHEET
Advantages:	Modern and flexible company regulation law, Not well-known as an offshore jurisdiction
Disadvantages:	-
Company status:	International Business Company
Corporate legislation source:	International Companies Act, 1992
Company name:	Can be in any language, with any common ending
Time required for incorporation:	6-8 weeks
Minimum number of directors:	1
Usual minimum capital:	100 USD
Are accounts required::	No
Minimum number of shareholders:	1
Type of shares:	Bearer or Registered
Annual tax and duties:	300 USD
What information is available on the public file:	Registered office, registered agent, Memorandum and Articles of Association
Non-public information:	Names of directors and shareholders
Registered office:	Local registered office is required by law.
Registered secretary / agent:	Local registered agent is required by law.

COMPULSORY COSTS (payable prior to registration)

FORMATION FEES
Incorporation fee:	400 USD
Notarial certification:	100 USD
International authentication (Apostille):	100 USD
Legal expenses, filing fees and stamp duties:	190 USD
Issuing of share certificates and initial minutes and forms:	100 USD
Corporate seal:	50 USD
Courier fees:	50 USD
Subtotal:	990 USD
ANNUAL FEES*
Registered office and registered agent:	650 USD
Annual tax and duties:	300 USD
Subtotal:	950 USD
Total:	1940 USD

* The annual fees for the first year of the company's existence are payable prior to incorporation. Subsequently the amount of 950 USD is payable annually beginning from the 1st January of next year. Non-payment of the annual fees results in deletion from the Companies Registry.

The amount of 1940 USD includes the following services: formation of the company, duties payable to the local authorities for the incorporation of the company, Certificate of Incorporation with Apostille, provision of Memorandum Articles of Association authenticated by Registrar, Appointment of First Directors with Notary Public authentication, Share Certificates, initial minutes, provision of registered office and registered agent for 1 year, annual tax for the 1st year, two company seals, luxury leather corporate kit, courier delivery to Laveco office. The price contains no hidden costs!

OPTIONAL COSTS
Nominee Director (private person):	690 USD
Nominee Director (corporate body):	495 USD
Nominee shareholder:	295 USD
Power of Attorney:	390 USD
Notarial Certification:	95 USD
Certificate of Good Standing:	295 USD