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NIUE INTERNATIONAL BUSINESS COMPANY
GENERAL INFORMATION
Niue is an independent democratic commonwealth
country located in the South Pacific Ocean, three hours flying time
from New Zealand and 480 km from its nearest neighbor, Tonga. The
Island is self governed by a local assembly of 20 members, headed
up by the Premier. New Zealand is responsible for defense and international
affairs and Niueans are New Zealand citizens. The official language
is English. Offshore legislation was introduced in 1994 including
an IBC Act, banking, insurance and trust legislation to enable the
Island to offer a complete range of offshore products. The Island
also have a planned tourism industry which is developing steadily.
FEATURES OF NIUE INTERNATIONAL BUSINESS COMPANY
Niue IBCs are formed pursuant to the International Business Companies
Act of 1994 which allows for minimal reporting and maximum privacy.
The Niue IBC can engage in any lawful business and can carry on
transactions in whatever currency is preferred. There is no minimal
or maximal capital requirements and mortgages and charges can optionally
be registered if desired. They have the following characteristics:
Taxation
Niue IBCs are fully exempt from taxation on any activities carried on
outside Niue and generally all transactions of an IBC are exempt
from stamp duty.
Shareholders
Shares of a Niue company may be issued in registered or bearer form and members can
be natural persons or corporate bodies. Only one shareholder is
required. No details appear on public record.
Directors
A Niue company requires a minimum of one director and corporate directors are
permitted. There is no requirement to register the details of the
first directors or any subsequent changes therein. Meetings can
be held anywhere in the world.
Annual Reporting
There is no requirement to file accounts or an Annual Return. Companies
must though pay their annual licence fee on time or penalties will
be imposed.
Processing Time
Incorporation can be achieved within 48 hours but it does take approximately
one week for documents to arrive. Ready-made companies are not generally
kept in stock.
Restrictions on Name and Activity
The name of the IBC must indicate that the company has limited liability
by ending in Limited, Corporation, or any foreign equivalent approved
by the Registry. The following words cannot be used: Assurance,
Bank, Building Society, Chamber of Commerce, Chartered, Co-operative,
Imperial, Insurance, Municipal, Royal or Trust Company, or any derivatives
thereof, without prior approval.
Local Requirements
As a matter of local company law the company MUST maintain a registered
office address within Niue and MUST also appoint an Niuean resident
as registered agent. We would generally provide these services as
part of the domiciliary service fee.
Secrecy
There are no specific provisions governing secrecy but the common
law duty of confidentiality owed by professionals to their clients
applies.
REGISTRATION AND MAINTENANCE FEES
Registration Fee
Our total charge is USD800. The fee covers first year licence fee,
first year registered agent fee and first year registered office
fee.
Annual Maintenance Fee
Annual maintenance fee is USD600 which covers annual licence fee,
annual registered agent fee and annual registered office fee. |
