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

  • Corporate¬† vehicle permitted

Vanuatu International Company, Partnership or Unit Trust

  • License application fee

USD 250

  • Annual license fee

USD 1,000

  • Physical office in Vanuatu

No

Share capital or equivalent

  • Minimum paid up capital

None

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

No

Service Providers Required

  • Company Secretary

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