Trust managers in Vanuatu need to be incorporated as ‘local’ companies under the Companies Act since International Companies are not permitted to engage in trust management activity, although they can hold the shares of a company that does. In Vanuatu there is no income or corporation tax, no capital gains tax, no VAT or sales tax, and no withholding tax.
Key Features
|
Vanuatu Offshore Trust |
Corporate Details |
|
General |
|
|
Offshore Trust |
|
Follow English law |
|
2 weeks |
|
None |
|
Yes |
|
Yes |
|
80 years |
|
Minimum of 2 |
|
No |
|
None |
|
As per Trust Deed |
|
Must be non-resident of Vanuatu |
|
No property situated in Vanuatu can be part of the Trust asset |
|
Vanuatu Supreme Court |
|
No |
|
Trust asset |
|
|
No, except property situated in Seychelles |
|
Trustee |
|
|
1 if corporate and 2 or more if not corporate |
|
Minimum one Vanuatu resident |
|
Accounts |
|
|
No |
|
No |