Vanuatu

Set the context: Vanuatu International Company, IC) is established in accordance with the local International Companies Law, Under the overall supervision of the Vanuatu Financial Services Commission (VFSC). The entity enjoys a 20-year statutory tax exemption (exemption from corporate income tax, Capital gains tax and stamp duty), No foreign exchange controls throughout the territory. The law prohibits international companies from conducting substantial business or holding real estate locally.. Hong Kong Huitong provides corporate search for applicants, Submission of bilingual charter for approval, Legal Agent and Address Appointment, Legal agency services for executive notarization and verification (KYC) and offshore public account opening.

Offshore banking in Vanuatu is strictly regulated by the Reserve Bank of Vanuatu (RBV). According to the International Banking Law, RBV issues international (offshore) banking licenses to qualified locally registered entities or foreign bank branches in accordance with the law. Licensed institutions are strictly restricted to providing financial services to non-resident customers outside Vanuatu., but also enjoys exemption from income tax, Statutory absolute exemption from capital gains tax and stamp duty. 2023-2024years, RBV is comprehensively upgrading prudential supervision guidance, to meet Basel III (Basel III) and IFRS 9 compliance requirements. Faced with increasingly stringent physical presence (Physical Presence) red lines and anti-money laundering (AML/CTF) penetration inspections, Hong Kong Huitong provides you with everything from corporate establishment to, Executive Fit and Proper Due Diligence, Business and risk control white paper writing, To provide statutory agency services that fully respond to RBV’s months-long in-depth review.

The Vanuatu Financial Services Commission (VFSC) is responsible for regulating the non-deposit-taking financial services industry. Intended to engage in A, B, Applicants for Category C or D financial dealer business must comply with the Financial Dealers Licensing Act [CAP 70]》and current amendments to apply for corresponding licenses, and meet personnel, physical existence, legal deposit, professional indemnity insurance, Audit and ongoing compliance requirements. Hong Kong Huitong can assist in company establishment, Personnel information, Business plan and application document preparation, But the scope of approval, The timing and final decision rests with the VFSC.