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

 
 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