Company Formation in Nauru- An Overview

Aspect Details
Timeline It takes around 2 to 4 days to register a company in Nauru
Benefits

Given below are the benefits of company formation in Nauru-

  • Access to Trade Agreements
  • Business-Friendly Policies and Initiatives
  • Access to Funding and Credit
  • Builds Credibility and Trust
  • Strategic Business Location
  • Skilled and Educated Workforce
  • Stable Political and Economic Climate
  • Diverse Investment Opportunities
Documents Needed

The documents needed to apply for company formation in Nauru are provided below:

  • Passport copies of all the partners or directors
  • Memorandum and articles of association
  • Beneficial ownership information
  • Proof of payment of the prescribed fee
  • Details of registered address proof
  • Copy of a duly signed declaration
  • Passport size photographs of the individual
  • Details of the proposed business name
  • Consent letter from the shareholders or directors
  • Brief description of the business activities
  • Bank reference letter or financial statement (if applicable)
  • Tax identification details (if applicable)
Eligibility Criteria

The eligibility criteria required for Company Formation in Nauru are as provided below:

  • A minimum of 1 director or shareholder
  • A minimum of 1 director,
  • Appointment of a company secretary who acts as a local representative
  • Secure a trade name which end with “IBC
  • Must sign a charter or memorandum
  • No minimum authorized share capital
  • Setup a local or virtual office address for carrying a contract with the local agent
Types

The types of Business Structure for company formation in Nauru are as provided below:

  • Foreign Company
  • Offshore Company
  • Sole Proprietorship
  • Nauru Partnership
  • International Business Company (IBC)
  • Private Company
  • Public Company
  • Nauru Branch Office
  • Representative Office
Top Businesses Seeking Company Formation in Nauru

The top businesses seeking company formation in Nauru are as provided below:

  • Offshore Banking Business
  • Phosphate Mining Business
  • Coconut Products Business
  • Chemical Manufacturing Business
  • Private Security Business
  • Professional Service Business
  • Resort and Guesthouse Operations
  • Software Development and IT Support Services
  • Import-Export Trading Companies
  • Cleaning, Maintenance, and Facility Management Services
Process

The process to obtain a full company formation in Nauru is as provided below:

  • Choose a Business Structure
  • Reserve a Company Name
  • Prepare Company Incorporation Documents
  • Submit Application
  • Obtain Certificate of Incorporation
  • Obtain Other Licenses
Post-Company Registration Compliance Requirements

The post-company registration compliance requirements are as provided below:

  • Bank account opening with local banks at Nauru
  • Ensure setup of virtual office in Nauru
  • Apply at Nauru Revenue Office for TIN and VAT registration
  • Secure adherence to tax regulations
  • Apply for SSN of employees from the Nauru Social Security Department
  • Apply for business licenses from the Ministry of Finance
  • Obtain environmental impact assessment from Ministry of Commerce, Industry, and Environment
  • Obtain building permits issued by local and zonal authorities
  • Get signage permits for businesses installing signs or billboards
How Enterslice Can Help You?
  • 10+ years of experience in international company incorporation
  • Trusted by 500+ international clients in business registration in Nauru
  • Knowledge of Nauru’s legal environment
  • Expert coordination with local authorities of Nauru
  • End-to-end assistance in preparation of incorporation documents
  • Provide due diligence solutions before making any crucial decision
  • Custom solutions for startups, SMEs, and foreign investors
  • Offers transparent pricing, with no hidden costs
  • Provides cross-border tax and regulatory planning

Business Setup in Nauru is Easy and Simple with Enterslice

Connect Enterslice to get end-to-end support to launch a smooth and compliant business setup in Nauru.

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Understanding Business Registration in Nauru

Nauru, the smallest island nation in the world, is an ideal location for investors seeking company formation in a tax-efficient, strategic location, a close-knit community, and an ongoing economic transformation. With the forward-looking vision for growth under the Sustainable Development Strategy (NSDS), the investors expect a stable, well-governed environment with promising opportunities in emerging sectors. Business registration in Nauru is easy and effortless with Enterslice.

The Republic of Nauru, which is also considered as a Pacific gem, has prioritized partnerships with international organizations and foreign investors driving development in key sectors such as fisheries, renewable energy, tourism, and infrastructure.

Whether you are planning for business registration in Nauru, Enterslice helps you establish your business with no hidden charges, no government office visits, and expert-led incorporation support.

Permitted 100% foreign ownership in designated business zones

No corporate tax for taxable income up to AED 3,75,000

Ideal for holding and international trade companies

Access to the Asia-Pacific region

Confidential business environment

Double taxation avoidance with 120+ countries

World-class infrastructure and modern amenities

Gateway to Asia, Europe, and Africa

Types of Nauru Company Incorporation

The different types of Nauru company incorporation, based on the Corporations Act, 1972 and the Partnership Act, 2018 along with relevant business structures, are as discussed below:

Foreign Company

Foreign Company

Foreign company registration in Nauru is a type of business structure best suited to foreign entities registering their branches or subsidiaries in Nauru.

Offshore Company

Offshore Company

Nauru offshore company setup is a typically established business structure, which conducts international business activities while benefiting from tax advantages and confidentiality.

Sole Proprietorship

Sole Proprietorship

A sole proprietorship, also referred to as a sole trader, is a business formed and owned by one single individual, having unlimited liability over all assets and debts of the business.

Nauru Partnership

Nauru Partnership

The Nauru Partnership, which is registered under the Nauru Partnership Act, 2018, governs the formation, operation, and regulation of partnership business within the country.

IBC

International Business Company (IBC)

An international business company (IBC) is one of the most common types of company structures suitable for international businesses in Nauru. It also offers a higher degree of confidentiality regarding Nauru company information.

Private Company

Private Company

A private company limited by shares or by guarantee is a form of business structure that offers restrictions on share transfer and the number of shareholders.

Public Company

Public Company

A public company is one of the most common types of business structure, which offers shares to the public, subject to stricter regulatory controls in Nauru.

Nauru Branch Office

Nauru Branch Office

A branch office is an extension of the foreign parent office, established for carrying out commercial and financial activities associated with the parent company.

Representative Office

Representative Office

A Nauru representative office is an extension of the foreign parent company, limited to non-commercial business operations such as liaison, market research, and networking.

How to Register a Company in Nauru?

The entrepreneurs seeking to register a company in Nauru must comply with the following steps, as discussed below:

Choose a Business Structure

The first step requires the entrepreneurs to choose an appropriate business structure, such as a private limited company or an international business company (IBC).

Reserve a Company Name

In the next step, you are required to check the availability and reserve a unique company name with the Nauru Business Registry.

Prepare Company Incorporation Documents

Next, the entrepreneurs must draft and prepare company incorporation documents outlining the company’s structure, rules, and objectives.

Submit Application

Next, the applicants must submit the application form along with the required documents needed for company formation in Nauru.

Obtain Certificate of Incorporation

Upon successful submission of all the necessary documents, you can obtain a certificate of incorporation containing a registration number from the Nauru Agency Corporation.

Obtain Other Licenses

Once approved, the entrepreneurs must obtain necessary business licenses and permits, varying based on the type of business activity, additional requirements, etc.

Timeline for Company Formation in Nauru

The estimated timeline for company formation in Nauru takes around 2 to 4 working days, varying based on delays from the government authorities.

Name Reservation: 1 Working Day

It takes approximately 1 working day to check the name availability and apply for a reservation with the Registrar of Companies, Nauru.

Preparation and Submission of Documents: 1 Working Day

It takes around 1 working day for the preparation and submission of company incorporation documents such as the MOA, AOA, consent of directors, registered address proof, etc.

Review and Registration: 2 to 3 Working Days

It takes 2 to 3 working days for the review of company registration documents with the Registrar of Companies and getting the certificate of company registration in Nauru.

Documents Needed for Company Formation in Nauru

The documents needed for company formation in Nauru are mentioned below-

Passport copies of all the partners or directors

Memorandum and articles of association

Beneficial ownership information

Proof of payment of the prescribed fee

Details of registered address proof

Copy of a duly signed declaration

Passport size photographs of the individual

Details of the proposed business name

Consent letter from the shareholders or directors

Brief description of the business activities

Brief description of the business activities

Tax identification details (if applicable)

Benefits of Nauru Company Incorporation

Nauru company incorporation offers valuable benefits to both the local and the foreign investors, as discussed below:

Honduras Business Incorporation

100% Foreign Ownership

The Nauru company incorporation allows 100% foreign ownership, enabling international investors to retain complete control of their business.

Limited Liability Protection

The Nauru company incorporation offers limited liability protection up to the amount of contributions to share capital.

Strategic Location

Nauru, with a strategic positioning in the central Pacific Ocean, offers access to major markets and is considered an ideal hub for businesses engaged in trade, fisheries, and logistics.

Political Stability

Nauru, having a politically stable democracy with a strong commitment to transparency and the rule of law, ensures a secure business environment for foreign investors.

Economic Diversification

The growing push to diversify the economy into non-phosphate sectors creates opportunities in commercial fisheries, tourism, renewable energy, and infrastructure.

Business-Friendly Policies

Company formation in Nauru offers access to business-friendly policies aimed at attracting foreign direct investment (FDI) for international entrepreneurs.

Access to Regional Markets

As a member of the Pacific Islands Forum and the WTO, Nauru offers entrepreneurs preferential access to regional and international markets through various trade agreements.

Commitment to Renewable Energy

Nauru, committed to achieving 100% renewable energy by 2050, creates opportunities for investment in solar, wind, and energy storage technologies.

Requirements for Company Registration in Nauru

The requirements for company registration in Nauru are mentioned below-

  • No. of Shareholders: A minimum of 1 director or shareholder, who either belongs to the Nauru residency or of any other nationality, is required to apply for company formation in Nauru.
  • No. of Directors: A minimum of 1 director, whether a local resident or an individual of any nationality, is required for company registration in Nauru.
  • Company Secretary (Recommended): The appointment of a company secretary who acts as a local representative is recommended for compliance purposes.
  • Trade Name: The entrepreneurs seeking to apply for company formation in Nauru must secure a trade name that ends with “IBC”.
  • Charter or Memorandum: The entrepreneurs seeking company formation in Nauru must sign a charter or memorandum.
  • Share Capital: No minimum authorized share capital is required for company registration in Nauru.
  • Local Office Setup: The entrepreneurs must hold a local office setup for carrying out a contract with the local agent, whose office can be used as an address.

Top Industries for Foreign Company Registration in Nauru

Have a look at the list of top 10 industries and business sectors permitted and actively encouraged for foreign company registration in Nauru-

Top 10 Industries Permitted for Business Registration in Nauru

  • Fisheries and Agriculture Industry
  • Renewable Energy Industry
  • Tourism and Hospitality Industry
  • Agriculture and Food Security Industry
  • Technology and Innovation Industry
  • Logistics and Trade Industry
  • Healthcare and Education Industry
  • Environmental Services and Waste Management
  • E-commerce and Online Services
  • Media, Advertising, and Creative Industries
  • Construction and Infrastructure Development Industry

Top 10 Industries for Nauru Company Incorporation

  • Offshore Banking Business
  • Phosphate Mining Business
  • Coconut Products Business
  • Chemical Manufacturing Business
  • Private Security Business
  • Professional Service Business
  • Resort and Guesthouse Operations
  • Software Development and IT Support Services
  • Import-Export Trading Companies
  • Cleaning, Maintenance, and Facility Management Services

Post-Nauru Company Incorporation Services

Once your company is successfully registered, the entrepreneurs must adhere to post-Nauru company incorporation services, as discussed below:

  • Bank account opening with local banks in Nauru
  • Ensure setup of virtual office in Nauru
  • Apply at the Nauru Revenue Office for TIN and VAT registration
  • Secure adherence to tax regulations
  • Apply for the SSN of employees from the Nauru Social Security Department
  • Apply for business licenses from the Ministry of Finance
  • Obtain an environmental impact assessment from the Ministry of Commerce, Industry, and Environment
  • Obtain building permits issued by local and zonal authorities
  • Get signage permits for businesses installing signs or billboards
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Why Enterslice for Foreign Company Registration in Nauru?

Company registration in Nauru requires a small but developing regulatory framework that offers a smooth, reliable, and fully compliant process for entrepreneurs entering the foreign market space. Join hands with Enterslice to get expert guidance for business expansion in the regulatory landscape of Nauru.

  • 10+ years of experience in Nauru company incorporation
  • Trusted by 500+ international clients for foreign company registration in Nauru
  • Knowledge of Nauru’s legal environment
  • Expert coordination with the local authorities of Nauru
  • End-to-end assistance in preparation of incorporation documents
  • Provide due diligence solutions before making any crucial decision
  • Custom solutions for startups, SMEs, and foreign investors
  • Ensures practical time management, subject to the responsiveness of the authorities
  • Assist with visa applications, work permits, and payroll structuring
  • Offers customized solutions to meet the unique requirements of each client
  • Holds a dedicated team for labour laws, tax, and annual return filings
  • Offers transparent pricing, with no hidden costs
  • Provides cross-border tax and regulatory planning
  • Provide regular updates to keep you compliant with regulatory changes  

FAQs on Foreign Company Registration in Nauru

Have a look at the following answers to the most asked questions:

The process to register a company requires compliance with the following steps, as provided below:

  • Step 1: Choose a Business Structure
  • Step 2: Reserve a Company Name
  • Step 3: Prepare Company Incorporation Documents
  • Step 4: Submit Application
  • Step 5: Obtain Certificate of Incorporation
  • Step 6: Obtain Other Licenses

The copies of passport, memorandum and articles of association, beneficial ownership information, proof of payment of the prescribed fee, details of registered address proof, passport size photographs of the individual, proposed business name, consent letter from the shareholders or directors, brief description of the business activities, and the bank reference letter or financial statement (if applicable) are some of the required documents for business registration in Nauru.

Yes, Nauru, which offers no personal income tax, capital gains tax, or inheritance tax, has been historically considered a tax haven, making it attractive for those seeking business expansion within the country.

Company formation in Nauru, specifically an International Business Company (IBC), offers several benefits, as discussed below:

  • Allows 100% foreign ownership
  • Offers limited liability protection
  • Strategic positioning in the central Pacific Ocean
  • Politically stable democracy and commitment to transparency
  • Economically diversified nation
  • Business-friendly policies and incentives
  • Having a commitment to 100% renewable energy

Yes, you are eligible to change your registered details of my Nauru business after registration.

The business-specific industrial licenses required for major industries in Nauru are provided below:

  • Financial institution licensed by the Financial Services Regulatory Commission
  • Healthcare license by the Ministry of Health
  • Private educational institutions are licensed by the Ministry of Education
  • Food and Beverage license from the Ministry of Health 
  • Construction license from the Ministry of Infrastructure Development
  • Tourism and Hospitality license from the Ministry of Commerce, Industry, and Environment

 

No, the foreign entrepreneurs are eligible to conduct a free online search at the Nauru Company Registrar.

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