Vanuatu revamped the Mutual Funds Act in 2005 to offer a competitive edge to established Mutual Funds and administrators in the world. The Act provides for the licensing of mutual funds and mutual fund administrators.
Key Features
A Vanuatu mutual fund administrator can be:
- A company incorporated in Vanuatu and registered under the Companies Act;
- An overseas company incorporated outside Vanuatu;
- A Limited partnership; or
- A partnership constituted for the sole purpose of undertaking the administration of mutual funds.
Legal Requirements
|
Requirements |
Description |
|
General |
|
|
Vanuatu International Company, Partnership or Unit Trust |
|
· License application fee |
USD 250 |
|
· Annual license fee |
USD 1,000 |
|
No |
|
Share capital or equivalent |
|
|
· Minimum paid up capital |
None |
|
Directors |
|
|
2 |
|
Yes |
|
No |
|
Service Providers Required |
|
|
Yes |
Tax Treatment
Vanuatu has no income tax, capital gains tax, tax on wealth, estate duty or inheritance tax.
Duration to Set Up
About 4 weeks
Distinctive Benefits of Licence
- Ease and speed of establishment
- Friendly regulatory environment
The Valsen Advantage
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers