Vanuatu General Mutual Fund
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 |
|
|
Vanuatu International Company, Partnership or Unit Trust |
|
USD 250 |
|
USD 1,000 |
|
No |
Share capital or equivalent |
|
|
None |
|
None |
Directors |
|
|
2 |
|
Yes |
|
No |
Service Providers Required |
|
|
Yes (from anywhere) |
|
Yes (from anywhere) |
|
Yes |
|
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