Niue is a self-governing government entity. It is a part of the association with New Zealand. This island nation is located in the South Pacific. The form of government is a monarchy, formally the head is the monarch of Great Britain. In the early twentieth century, the island became a British protectorate.
But that reign lasted for about a year, as New Zealand annexed Niue in 1901. In 1974, the country became a self-governing state within the Cook Islands. The official languages are Polynesian and English. NZD is used as the main currency – New Zealand dollar, American and Australian dollars are also used.
The legal area is based on Anglo-Saxon law. The state of Niue has enacted a number of laws that govern the activities, relationships and operations of offshore companies within the jurisdiction.
The body supervising the implementation of the prescribed norms is the Offshore Financial Center. Among the offshore financial institutions that can be formed in Niue are:
Within this jurisdiction, companies that were registered in other offshore zones as IBCs can continue their activities. They function under the same conditions and are endowed with the same financial benefits.
The legislative framework for international corporations is based on the following acts:
There is an opportunity to conduct any activity not prohibited by law. You need to obtain a special permit to provide banking, insurance, trust, reinsurance services in a jurisdiction. The license is valid for one year, and then which renewal is required.
Prohibited activities include commerce with residents. Also, ownership of real estate within the state is not allowed. It is prohibited to involve resident-type companies in management. The ban included the provision of registration agent services to resident corporations.
With regard to taxation, the main IBC Act 1994, in its 111th section, companies are exempt from taxes. IBC does not pay fees on income, capital gains and distributed earnings.
To register a company, it is enough to collect a package of required documents and submit for consideration to the commission. Registration approval takes two business days. By law, it is possible to acquire ready-made companies.
There are basic following rules for IBCs.
Our company has been operating in the Niue offshore zone for a long time. The specialists are well acquainted with the legal framework and are ready to take into account all the subtleties of the legislation. International Business Companies registration cooperation includes the provision of the following services:
For those who wish to purchase a ready-made company in Niue, there is an opportunity to consult with specialists before making a purchase. Our company provides an opportunity to purchase a ready-made IBC. Its renewal takes two working days.
The advantages of such an acquisition allow you to start working almost immediately. The cost will be almost equal to the registration of a new company, but you will get the result much faster. Such campaigns have a good legal status, so contact us now. Get expert advice.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.