Vanuatu General Mutual Fund

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 mutual fund license can be issued to a company, a unit trust or a partnership.

A General Mutual Fund license is issued on the following grounds:

  • Each promoter of the fund is of sound reputation; and
  • The fund will have a mutual fund administrator in Vanuatu that be providing an office in Vanuatu for the fund; and
  • The arrangements for the administration of the fund are otherwise satisfactory; and
  • If the fund is a company, the fund must at least have two directors and the rules prohibit the issue of bearer shares; and

 

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 subscription

None

  • Minimum investors

None

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

No

Service Providers Required

  • Custodian

Yes (from anywhere)

  • Fund manager/Investment manager

Yes (from anywhere)

  • Local fund administrator

Yes

  • Auditors

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