I. ABOUT THE COUNTRY

Niue is located in the South Pacific Ocean, about 480 km from. The Island is an independent commonwealth country. The official language is English. Offshore legislation was introduced in 1994 including an IBC Act. There is also banking, insurance and trust legislation to enable the Island to offer a complete range of offshore products. The Island also have a tourism industry which is developing steadily.

II. THE ADVANTAGES

Generally all transactions of an IBC are exempt from stamp duty. No tax is levied on any activities carried on outside Niue. There is no restriction in the type of business of an Niue IBC and transactions can be any currency. Common law duty of confidentiality applies and there are no specific provisions governing secrecy.

III. CHARACTERISTIC OF THE NIUE INTERNATIONAL BUSINESS COMPANY(IBC)

SHAREHOLDERS
A minimum of one shareholder is required who can be natural persons or corporate bodies. Shares may be issued in registered or bearer form. There is no filing requirements for details of shareholders.

DIRECTORS
Only one director is required and corporate directors are permitted. No details of the first directors or any subsequent changes therein need to be registered. Meetings can be held anywhere in the world.

ANNUAL REPORTING
No accounts or annual returns need to be filed. An annual license fee has to be paid on time. Penalties will be imposed after the license fee due date. LOCAL REQUIREMENTS A registered office address within Niue must be maintained and an Nuiean resident registered agent must be appointed.