Aspiring entrepreneurs often face a lot of issues when it comes to establishing their companies. If you want to set up your business, the first thing you have to do is to register a company. If your company has not been registered, your business might be shut down by the authorities once it’s discovered. If you want to register a company in Vanuatu, the first thing you need to do is to get in touch with an accounting and administration firm. Vanuatu is a popular tax haven for many of the larger companies, and a number of individuals as well as private corporations set up their offshore companies in Vanuatu. Once you have decided to register a company in Vanuatu, here are a few important things that you need to know.
Contact an Administration Firm
If you want to register a company, you need to get in touch with an experienced accounting and administration firm such as http://bap-international.com/. Unless you are a skilled chartered accountant with experience in this field, it is highly recommended that you get in touch with an accountant who has experience in registering a company. It’s important that you get in touch with an administration firm first, because they will help you determine the type of company that you should register, as well as any other details associated with the company registration process.
Memorandum of Association
Another important thing that you will need to factor in the company registration process is the memorandum of association. The memorandum of association is the most important document for your company, and it has a variety of clauses contained within. These relate to the directors of the company as well as the nature of the business to be undertaken by the company. Ideally, it is recommended that you let a professional chartered accountant draft up the memorandum of association. Apart from the memorandum of association, you will also need to register the articles of association, which is basically a secondary document that provides further details about the nature of the company’s business.
Once all of the documents are in order, the administration firm will submit them to the local company registrar. The company registrar will require detailed information about the capital accounts maintained by the company, as well. The documents will be approved within a few days and you will receive the certificate of commencement of business. The administration firm will also help you with other kinds of problems with your business, such as any legal problems that you might face later on. The entire procedure will take around a few weeks to complete, and once you get the certificate, you can then continue your business in Vanuatu.