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.
A general information
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.
Benefits of setting up a company in Vanuatu:
- 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%.
Opening a bank account in Vanuatu
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.
To buy a Forex license in Vanuatu
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.
Opening a forex business in Vanuatu provides such benefits:
- A minimum capital should be about $2,000.
- No local office needed to purchase a Forex license in Vanuatu.
To obtain a banking 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.
You can open a business in Vanuatu or buy a banking license in Vanuatu anonymously.
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!
