Investing in Vanuatu is beneficial for countless reasons. Primarily, it is considered to be a financial centre in the region, but there are also other advantages. There is no income tax or corporate tax on local or offshore income. There is also no withholding taxes or capital gains tax. However, despite these benefits, setting up a company in Vanuatu is far from straightforward, which is why you might require assistance from professional accountants.
Accountants and lawyers can help you navigate Vanuatu’s legal landscape as well as fill out paperwork and generally make your life more straightforward. Due to the amount of time they could save you, their services are a high-value investment. Keep reading below to learn more about the benefits of hiring accountants to help you with company formations in Vanuatu.
They know the local area
Accountants that are based in Vanuatu know the area like the back of their hands, meaning they can guide you through the process of setting up a company while helping you overcome any obstacles and challenges that you might face. Most accountants in Vanuatu speak English fluently, so you don’t have to worry about language barriers delaying the process of establishing your company.
They can help you set up the correct company structure
It’s crucial to think about how to structure your company as to minimise your expenses and remain in line with the law. You could either take the time to research the best ways to structure your company or hire accountants that can provide useful advice based on your unique requirements.
They can take care of your accounts
Needless to say, one of the primary advantages of hiring accountants is that they can handle bookkeeping for you, allowing you to focus your efforts on your core business processes. Why spend countless hours of your time keeping track of your financial records when a team of professionals can handle the task on your behalf?
They’re highly experienced
Mistakes when filling out paperwork and declaring your company can lead to costly setbacks, which you don’t need to worry about if you hire a team of experts to do such tasks for you. Most accountants can fast track the process of establishing a company in Vanuatu by several weeks. In the world of business, time is money, which is why getting things done quickly is in your best interests.
They can liaise with third parties on your behalf
You don’t need to concern yourself with speaking with government officials and authorities when you have a team of accountants and lawyers by your side. There’s no need to face the difficult task of forming a company in Vanuatu alone when you can partner with a leading firm that has been operating for years.
When deciding which accountants to hire, make sure they have a reputation for excellence. Do your homework, read as many reviews as you can, and you’ll be able to find a company that will prove to be a worthwhile investment.