Vanuatu International Banking License
Key Features
- Applications for an International Banking License can be lodged under an International Company and take advantage of all the benefits associated with an International company.
- An international bank licensee cannot carry on banking business locally, only outside of Vanuatu. However the bank must maintain a physical office and keep all the bank’s records in Vanuatu.
- The bank must maintain at all times paid up capital of not less than $500,000 or in such minimum proportions in relation to its assets, liabilities or risk exposures.
- An advantage of the Vanuatu Offshore Bank License is that this capital need not be maintained in Vanuatu. It can be maintained in a reputable bank or financial institution outside of Vanuatu, subject to the approval of the Reserve Bank and may be invested in approved financial instruments.
Requirements |
Description |
General |
|
|
Vanuatu International Company |
|
USD 8,000 |
|
USD 8,000 |
|
Yes |
Share capital or equivalent |
|
|
USD 500,000 |
Directors |
|
|
2 |
|
Yes |
|
No |
Shareholders |
|
|
2 |
|
Yes |
|
No |
Company secretary |
|
|
Yes |
- Ease and speed of establishment
- Friendly regulatory environment
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers