Niue NIUE is located at 19 degrees South latitude and 169 degrees West Longitude. Local time is 11 hours GMT. Land Area is 259 sq km, the EEZ area is 390,000 sq km, and the coastline is 64 km. The island is an emerged atoll with former reef and lagoon uplifted to about 60m above sea level. It consists of limestone. The interior is a plateau featuring a jagged surface, slightly depressed towards the centre. The edge of this plateau slopes steeply on all sides to a lower terrace which ends abruptly, in most places, in uneven cliffs deeply cut by wave action. The indigenous language is a Polynesian tongue closely related to Tongan and Samoan. English is also spoken because of Niue's association with New Zealand. Niue is a self-governing state in free association with New Zealand, an arrangement dating from October 1974. Niueans are New Zealand citizens with right of free access to New Zealand. As Head of State, Queen Elizabeth II is represented by a Governor General, who is also the Governor General for New Zealand. Niue's Parliament consists of 20 members (14 constituency or village seats, and 6 common roll seats), elected every three years by universal suffrage. The Speaker is appointed from outside the elected members. Niue experiences many of the development constraints common to other Pacific island micro-states, including geographic isolation, limited natural resources and a small population. The basic productive activity on Niue is subsistence agriculture and there is a small export trade of primary products, such as taro, limes and honey. There is also a small tourism industry but the Government is the main employer. Under the terms of the constitutional agreement between the two countries, New Zealand provides substantial economic and administrative assistance to Niue. Economic assistance is provided in the forms of both direct budget support and project-related aid. International banking, fishing licences and the international lease of Niue's unique four digit telephone numbers are important income earners for the country. Remittances from Niueans living abroad supplement the income of many island families. Company Statute: International Business Company (IBC) Taxation: An International Business Company does not pay any tax on its worldwide profits to the Niue authorities. Shareholders/Members: The minimum number of shareholders is one. Directors/Managers: May be one or more, corporate or individual. The Directors may be of any nationality and be residents of any country. We are able to provide nominee Director(s) if required. Company Secretary: A company secretary may be appointed. The company secretary may be a natural person or a body corporate. They can be of any nationality and need not reside in Niue. Registered Office Required: Yes, must be maintained in Niue at the office of a professional registered agent. Name Restrictions: Names may be incorporated in Chinese characters as well as Cyrrilic script and other language forms (along with an English translation). Since the jurisdiction of Niue is relatively new, the selection of names available is substantial and can incorporate many of the usual titles, namely: Limited; Ltd.; Corporation; S.A.; Inc.; Incorporation, A/S; AG.; NV.; B.V.; Gmbh; Aktiengesellschaft; etc. Annual Report Requirements: No requirement. There is no requirement for an IBC to file accounting or Director information with the Registrar of Companies. Annual Report/Licence Fees: USD 150.

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