Company registration in Palau

Name of service Bronze Silver Gold
Company name verification and reservation Verifying the availability and reserving of your preferred company name in the registry
Company registration (PLLC) including government fees Preparation and submission of all required documents and fees to the relevant government authorities for company registration, ensuring a streamlined process for our clients
Payment of state fees at the Department of Corporations and Commercial Code Payment of all mandatory fees for successful company registration
Internal Revenue Bureau registration Assistance with the company's tax registration at the local tax office Internal Revenue Bureau
Obtaining a tax number Individual Taxpayer Identification Number Full support in filing documents for obtaining a company tax number
A set of statutory documents of the company in electronic form Preparation of a comprehensive package of incorporation documents for any form of company ownership in electronic form
Company seal Providing the official seal of the company
Assistance in opening an account in: Palau Investment Bank Collecting, processing and filing the necessary documents for opening a corporate account with a local bank
Local director for one (1) year Provision of a local Palau resident director for signing company contracts and maintaining the confidentiality of the founder's data or opening an account with a local bank
Free consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need
Total cost
3800 USD 6700 USD 9800 USD
Provision of a legal address for 1 (one) year
800 USD 800 USD 800 USD
Remote company registration with transfer of authority
550 USD 550 USD 550 USD
Accounting services
150 USD 150 USD 150 USD

Deal of the month

If you will register a company until June 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The Republic of Palau has a tightly clustered archipelago of about 300 islands. It is an independent country that has signed the Compact of Free Association with the United States. This fact makes the idea of buying a company in Palau more attractive. In addition, the United States provides the Republic with economic aid and access to federal services and programs, permits citizens to reside in U.S. states and territories, and assumes responsibility for defense and security. A favorable tax regime is the main reason foreign investors are interested in establishing a business in Ngerulmud or any other city in Palau.

Advantages of registering a company

  • intensive growth of the economy;
  • absence of foreign exchange controls;
  • access to the large U.S. market.

Main forms of legal presence and doing business

  • limited liability company (LLC);
  • private company.

Registration procedure

  • Obtain permission for foreign investments;
  • Deposit the authorized capital into a bank account;
  • Check the uniqueness of the chosen company name in the Commercial Register;
  • Register the company with the Corporate Registrar in Palau;
  • Obtain an Employer Identification Number (EIN);
  • Register with the social security system;
  • Open a corporate bank account;
  • Obtain licenses and permits for conducting business.

Legislation and regulatory environment

The Foreign Investment Law is the primary legal act regulating non-resident entrepreneurs' activity in the country. According to this law, investors can open a firm in Palau only after obtaining the appropriate Certificate. The conditions for its issuance are:

  • Making capital investments of at least $500,000;
  • Employment of at least 20% of the total number of citizens of the Republic.

If these requirements are met, foreign investments will be evaluated according to economic necessity, usefulness, and impact on the social and cultural sphere.

Tax system

  • corporate tax - 12% (for income over $50,000);
  • PIT - 6% to 12% (depending on income level);
  • VAT - 10%;
  • dividend tax - 0%;
  • no capital gains tax.

Open a business in Palau: how the lawyers of Prifinance can assist

Prifinance lawyers will advise on the possibility of doing business in the Republic, select the appropriate legal form of activity, and support with bureaucratic procedures and administrative issues. With our assistance, you can buy a ready-made company in Palau. The specialists of Prifinance also deal with bookkeeping and the company's annual maintenance.

Cooperation

Our clients

PRIFINANCE COMPANY
4.7
Based on 56 reviews
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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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