Niue - an island situated in the region of Pacific Ocean northward from New Zealand and southward from Western Samoa. Population- 3000, territory - 250 sq km and its official language - English. Niue once was a colony of Great Britain, but now is an independent state.

Niue

Corporative legislation International Business Companies' Act 1994 Form of tax-exempted company International Business Company (IBC), hereinafter - company Authorized business activities Any activities not prohibited by the law Providing of banking, insurance and re-insurance, trust services is subject to special license Prohibited activities Transactions with the residents of Niue, ownership of real estate on the territory of Niue Taxation Company is exempted from all and any taxes and duties Name of company The name must not be identical or confusingly similar to the existing ones The name can be in Cyrillic or Latin alphabet The name has to include the following words: Limited, Corporation, Incorporated, Societe Anonyme, Sociedad Anonima, Aktiengesellschaft, Societe par actions or abbreviations Ltd., Corp., Inc., GmbH, SA, and N.V. The words Assurance, Bank, Building Society, Chamber of Commerce, Chartered, Cooperative, Imperial, Insurance, Municipal, Royal, Trust Company, Trustee Company or other words with similar meaning may not be used in the name of IBC company Who executes the foundation documents? Signatories, whose functions are limited only to signing of the foundation documents and nomination of the first director Equity capital of the company Equity capital of the company is established by declaration, no mandatory contribution is required and no minimum/maximum limits are set Recommended equity capital 50000 USD, divided into 50000 shares with par value 1 USD Shares Authorized emission of both registered and bearer shares with or without par value Shareholders - Minimum number - Nominal shareholders - Holders of trust equities One natural or legal entity Permitted Permitted Does the law provide for non-disclosure of the information - about actual owner of the company - about bank operations Yes, the actual owner of company does not need to be registered in Niue Yes Directors - minimum number - nationality and citizenship - status One natural or legal entity No requirements All the powers apart from those falling into exclusive competence of shareholders (as determined by memorandum, articles of association and/or the law) On the territory of Niue there has to be: - registered office - registered agent Required Required Holding of the meeting of shareholders/directors Meetings may be hold in any part of the world, also by means of telephone communication Minutes may be kept at any place Mandatory - keeping of accounting records - annual account - presentation of auditor's conclusion No No No Information at disposal to the third party Memorandum of incorporation, the Articles of Association, the name of the registration agent and registration office The documents kept at registration office No requirements Agreements on exemption from double taxation None Currency control No Term of incorporation 3 weeks Costs of registration of company Look for: Costs of registration and service Financial year ending on Look for: Annual support of companies Possibility to purchase a ready-made company Yes, look for: Ready made companies