Vanuatu Fund Administrator License

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