Vanuatu has a banking and financial system independent and well regulated (Banking Act, Reserve Bank of Vanuatu).

The Reserve Bank of Vanuatu (RBV) is responsible for licensing and regulation of banking licences as provided by a specific International Banking Act.  The industry is well regulated and requires a physical presence in the country, compliance with capital adequacy, restrictions on exposure, approval of principals etc as well as the requirement to provide regular reports and audited financial statements to the RBV.

Importantly, legislation provides a tax-free status, such that there is ‘no income tax, or any other direct or indirect taxes on income, profits, interest or dividends; nor is there any estate, gift or stamp duty on shares, debt obligations or other securities.  VAT is zero-rated’.

Independent for thirty years, Vanuatu has a political stability (tested with a parliamentary system) and financial (the VT is based on a basket of currencies).

It offers a wide freedom to creat and manage business. This situation encourages economic growth and investment, generates energy, creativity and emulation.

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