Valsen Corporate

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
  • 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