World Ranking
- Ranked twice “The Happiest Place on the Earth” by international society in 2006 & 2010
- Ranked highest in the region on “Ease of Doing Business” by a study conducted by the Word Bank in 2009
Currency and Exchange Control
- Local currency is Vatu which is tied to a basket of currencies
- US dollars and Australia dollars are also popular
- No exchange control regulations
- Funds in any currency can be readily transferred anywhere in the world without the need for approvals
- Major banks from Australia, New Zealand and France have presence in Vanuatu e.g. Bank South Pacific (Vanuatu) Limited， ANZ Bank (Vanuatu) Ltd. and BRED (Vanuatu) Limited
- Fund transfer from Hong Kong to Vanuatu within 2 business days
Vanuatu – Advantages on International Financial services
- Zero tax jurisdiction
- No income tax
- No withholding tax
- No capital gain tax
- No death duties
- No foreign exchange control
- Strong financial centre and offshore finance centre in the region
- Friendly and competitive International Companies Act for international business
- Politically stable
- English legal system
- English speaking country
- US dollar widely used
- Chinese company names are accepted and are certified by Certificate of Incorporation
- Legal opinion on true translation of Chinese company name is not required