Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
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1185.00 USD | 900.00 USD | 1 | 0.00% | No | No |
Nauru is the smallest independent republic in the world, the smallest island nation, and the smallest state located outside of Europe. But Republic is unique not only due to abovementioned facts, it is also known as the country (the one and only in the world) without capital. Nauru is situated in the Pacific Ocean. The area of the republic is 21,3 km2. The population is approximately 10 thousand people. Nauru island is located 42 km south of the equator. The nearest island to Nauru is Banaba. The most widespread language in Nauru is EnglishAccording to its political structure, Nauru is a parliamentary republic. The monetary unit of the republic is the Australian dollar. Yaren District acts as the capital of Nauru. A bit less than half of the country’s population lives there. In geological terms, Nauru is a coral atoll formed millions of years ago. There are no rivers in Nauru, and the only lake also contains no freshwater. Therefore, seawater is desalinated in order to provide the residents with drinking water. The harvested rainwater is used for economic purposes. The climate of the island is hot and humid. Nauru is member of the UN, the Commonwealth of Nations, the Pacific Islands Forum and others organizations. If you intend to buy or register offshore company in Nauru, pay attention to the fact that the Republic of Nauru is currently not included in the "black list" of the international organization FATF. Registration of offshore companies in Nauru is becoming more and more popular due to the absence of taxes for international business. Forms of doing businessOffshore company in Nauru is registered in the form of the International Business Company (IBC). The legislative framework. The offshore companies’ activities in Nauru are regulated by the Law “On International Business Companies”. Registration of offshore companies in Nauru - key features
Taxes in NauruThere is no income tax. There is no capital gains tax. Tax on distributed dividends is 0%. Bookkeeping in NauruThe company in Nauru is not obliged to maintain records and submit reports. In order to register offshore company in Nauru, you only need to apply to us. Registration of companies in different parts of the world is one of the main directions of our work. You can start your successful international business from company formation in Nauru. |
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Square | 21.00 |
Population | 9.38 |
Capital | No official capital |
Unemployment | 90.00 |
State polity | Republic |
Telephone code | 674 |
location | Oceania, island in the South Pacific Ocean, south of the Marshall Islands |
Climate | Tropical with a monsoonal pattern; rainy season (November to February) |
Ethnic groups | Nauruan 58%, other Pacific Islander 26%, Chinese 8%, European 8% |
National currency | Australian dollar |
USD exchange rate | 0.96 |
GDP per capita | 151 |
Official language | Nauruan (official; a distinct Pacific Island language), English widely understood, spoken, and used for most government and commercial purposes |
Credit rating | N/R |
The judiciary | Supreme Court |
Executive authority | Head of government: President. Government: Cabinet appointed by the president from among the members of parliament |
Legislative authorities | unicameral Parliament (18 seats) |
Opportunity to purchase ready-made companies | No |
Legal system | Based on English Common Law |
The use of the Cyrillic alphabet in the name | No |
Local registered office | Yes |
Organizational and Legal Forms | Exempt Company; International Business Company; Holding Corporation, Trading Corporation |
Indication of BPA in the name | International Company may utilize a broad range of internationally accepted abbreviated words as suffixes to denote their limited liability |
Local registered agent | Yes |
Standard currency | Australian dollar |
The minimum amount of the issued capital | 2 shares |
Bearer shares | No |
Terms of payment of the issued capital | No restrictions |
The usual size of the authorized capital | 1 |
Possibility to issue shares without par value | No |
VAT | No |
Basic corporate tax rate | 0.00% |
Capital gains tax | No |
Currency control | No |
Corporate tax rates details | 0% |
Stamp duty | No |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | Yes |
The data reveals to the local agent | Yes |
Data field to the public registry | No |
The requirement for the presence of the Secretary | Yes |
Requirement to the residense of the Secretary | Yes |
Requirements to qualification of the Secretary | No |
Legal entity as the Secretary | No |
Minimum number of shareholders | 1 |
Data is entered in the public register | No |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | No |
Information may be disclosed to the local agent | No |
Shareholders-legal entities are acceptable | Yes |
The requirement for filing reports | No |
Open access to reports | No |
Statutory audit | No |
The requirement for filing Annual Return | No |
Open access to the Annual Return | No |
The requirement for reports | No |
Treaty on avoidance of double taxation (States which signed) | 12 |
Membership in the OECD | No |
Is it offshore according to Russian legislation | Yes |