What is advantages of Vanuatu offshore company?

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The advantages of Vanuatu offshore company:

Vanuatu IBCs are tax exempt
Domestic taxation is not payable on the net chargeable profits of Exempt and International Companies
Vanuatu does not have party in any double taxation treaty with another country
It is not required to hold annual general meetings
There is no need to file annual returns
The international companies may name natural or legal person as directors, and may be of any nationality
There are no exchange controls in Vanuatu

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