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Companies are incorporated and registered by the Department of Finance in the Republic of Nauru which is the body responsible for overseeing financial services in the country, including licensing, registering and regulating of entities.
Below please find features of the Company Formation in more detail:
| Feature/Category | Company Formation |
|---|---|
| Type of company required to be eligible | IBC/ LLC Company |
| Corporate Taxation | 0% |
| Minimum paid-up statutory capital | There’s no paid-up capital requirement. |
| Main requirements |
|
GFSC GLOBAL can offer as well the following services in relation to the license application, which includes:
1) Opening additional bank accounts (worldwide)
2) Assistance with recruitment of personnel (e.g. Executive Directors), Independent Non- Executive Director(s), traders, etc.)
3) Provide OUTSOURCED services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy calculation
4) Compliance support services – Outsourced
5) Assistance with finding premises
6) Provision of GDPR services & ISO certifications services
7) Preparation of Business Plan, proof of domain ownership, business model, policies KYB/KYC, T&C of business Our professional fees for the above-mentioned services are dependent on the combination of services chosen and are available upon request.
Taxation in Nauru, particularly in relation to corporate entities, presents a unique landscape that sets it apart from many other jurisdictions. This small island nation, located in the Micronesian South Pacific, has undergone significant economic changes over the years, transitioning from a phosphate-rich economy to exploring other sources of revenue, including offshore banking and corporate registrations.
Nauru’s approach to corporate taxation is characterized by its efforts to attract international business and investment. The country has established itself as a tax haven, with favorable tax policies designed to appeal to foreign investors and corporations. One of the most notable aspects of Nauru’s corporate tax structure is the absence of several common taxes. Notably, Nauru does not levy corporate income tax, capital gains tax, or withholding tax on dividends and interest for foreign corporations. This policy This policy makes Nauru an attractive location for companies looking to maximize their after-tax.
Nauru offers a unique proposition for corporate entities looking for tax-efficient jurisdictions. Its favorable tax policies, simplified regulatory environment, and commitment to corporate confidentiality make it an attractive destination for certain types of businesses. However, potential incorporators should weigh these benefits against the broader context of their business needs, including operational requirements and international compliance obligations. As always, consulting with tax professionals and legal advisors is crucial to making Nauru.
Forming a company in Nauru, particularly an International Business Company (IBC), provides several benefits. These include complete foreign ownership, exemption from all forms of local taxation, and confidentiality, ensuring that shareholder and director information remains private. The process of forming an IBC in Nauru is quick, often taking just two business days, and there are no requirements for minimum capital investment. Additionally, the IBC framework in Nauru allows for a single individual to be both the sole shareholder and director, offering simplicity and control for business owners.
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