Wondering “In which zone to open a bank account?”, few people bet on Vanuatu. And in vain, because this state is one of the best low-tax jurisdictions for banking.
Due to its low popularity, Vanuatu does not attract much attention. This factor creates ideal conditions for buying an existing company in Vanuatu, opening a bank account in Vanuatu, obtaining a Vanuatu banking license.
Owners of large firms, potential investors began to look for an alternative to European banks. One of these alternatives is Vanuatu.
This jurisdiction is an island nation, bordering a territorial waters of Australia and Fiji. Registering an enterprise in Vanuatu involves a payment of VAT - 12,5%.
A state offers interesting conditions for banking, obtaining a banking license in Vanuatu.
Australia and New Zealand have greatly influenced a fact, that modern Vanuatu is considered a transparent and investment-attractive region.
- VAT is the only major tax in Vanuatu, authorities is strongly against raising it;
- corporate and income taxes for businessmen, who want to buy an existing company in Vanuatu, are 0%.
As in most classical jurisdictions, business owners in Vanuatu must keep accounts, but there are no mandatory reporting or auditing requirements.
A taxation conditions in Vanuatu are the same for both non-resident and local companies.
The only drawback of this jurisdiction is the government’s plans to raise an income tax to 17%.
A collaboration with Vanuatu banks is the best solution for risk diversification. It gives you:
- a convenience of managing funds;
- a stability;
- a reliability;
- a confidentiality.
You can open an account with National Bank of Vanuatu or Pacific Private Bank (a boutique bank for business, opened according to European standards).
A brokerage firm GreenRock Securities also offers its services. You can open an account with GreenRock Securities through cash management accounts. The main advantages of GrieenRock include:
- the efficiency;
- the ability to open an account in Vanuatu remotely;
- personalized deposit offers.
It should also be noted, that you can open an account with Vanuatu banks in any convenient currency.
Vanuatu offers excellent conditions for purchase a brokerage license. Due to its low registration prices and fast registration, Vanuatu has become one of the most popular jurisdictions among forex brokers.
- A minimum capital should be about $2,000.
- No local office needed to purchase a Forex license in Vanuatu.
Renewing such a license will cost only $8,000/year. An authorized capital of a private bank starts from $500 000.
That is why it is more profitable for large companies to conduct financial transactions through their own bank. The purchase of a banking license in Vanuatu involves the mandatory registration of a company in Vanuatu.
A territorial remoteness of jurisdiction makes it particularly attractive. Vanuatu can be a worthy alternative to classical jurisdictions, including European ones.
Do you want to open a bank account with Vanuatu Bank, to buy an existing company in Vanuatu or buy a banking license in Vanuatu? Contact us, and we will help to do this on the most favorable terms for you!