Offshore company in Nauru is registered in the form of the International Business Company (IBC). The company can conduct any activity permitted by law. Banking, insurance, reinsurance activities and services in the trust field require special license. Offshore company in Nauru has no right to conduct commerce with residents of the jurisdiction and own real estate in Nauru. In addition, the resident company cannot participate in the management of offshore company. Provision of services of registration agent for offshore company in Nauru to resident companies is prohibited.

Nauru Offshore Company Key Features

  1. The company can conduct any activity permitted by law. Banking, insurance, reinsurance activities and services in the trust field require special license.
  2. Offshore company in Nauru has no right to conduct commerce with residents of the jurisdiction and own real estate in Nauru. In addition, the resident company cannot participate in the management of offshore company. Provision of services of registration agent for offshore company in Nauru to resident companies is prohibited.
  3. Term of registration of business in Nauru usually equals to two business days from the moment when all the necessary documents are submitted to the registrar.
  4. Company name should be original and not similar to already existing names.
  5. The name can be registered in any language, but at the same time its translation into English is mandatory.
  6. In order to register it is necessary to provide Memorandum and Charter of the company.
  7. The Company shall have a legal address in the territory of Nauru. Correspondence from state authorities will come to this address. The address shall be provided by the registration agent.
  8. There is no standard for the authorized capital of the offshore companies in Nauru. But the amount should be declared. As a rule, the proposed amount of the authorized capital is $ 1000.
  9. Registered shares, bearer shares, par value shares and no par value shares, shares in any currency can be issued.

Nauru Offshore Company Legal Requirements

Nauru  IBC

Corporate Details

General

  • Type of Entity

IBC

  • Registered Office in Nauru

Yes

Share capital or equivalent

  • Standard currency

USD

  • Permitted currencies

Any

  • Minimum paid up

$ 1000.

Directors

  • Minimum number

One

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Corporate shareholder allowed

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

 Nauru IBC Tax Treatment

Nauru IBC is exempted from all income tax.

Nauru IBC Duration to Set up

1 or 2 Business Days

Distinctive Benefits of Nauru IBC

  • Nauru IBC is exempted from all income tax.
  • Fast set up duration
  • There is no standard for the authorized capital of the offshore companies in Nauru
  • The company can conduct any activity permitted by law.

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