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 IBC
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
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 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 minimum of one director is required 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.
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