|
| |
VANUATU BUSINESS CENTER
Vanuatu is uniquely located, central to most
Pacific countries and directly accessible
from South East Asia. It is no more than 4
hours from the major east coast cities of
Australia and less than 3 hours from Auckland,
New Zealand.
Vanuatu also has the advantage of a convenient
time zone to its neighbours including most
South East Asian countries thus, with its
modern and up to date telecommunication facilities
Vanuatu is an ideal place to conduct regional
and international business.
There are no income taxes for corporations
or individuals, no capital gains taxes and
no death duties. The environment clearly gives
Vanuatu the competitive advantage they may
need to compete successfully in the offshore
market.
Vanuatu is of course, only one of many world
financial centers – there are over 40
recognised as such including countries like
Switzerland, Monaco and Bermuda who all have
thriving insurance industries. Infact, Bermuda
is the world’s largest insurance market,
something Vanuatu has modelled its burgeoning
insurance industry on.
Vanuatu raises its taxes and revenue by the
indirect means of VAT. In New Zealand and
Australia this is known as GST, (goods and
services tax). VAT is one of Vanuatu’s
principal sources of revenue. It is levied
on most goods and services at the rate of
12.5%.
Another major source of revenue for Government
comes from the business activities of members
of the International Finance Centre, established
by the then New Hebrides Government in 1971
to develop a sustainable financial centre
for Vanuatu. Members consist largely of leading
accountants, lawyers, trustees, banks and
similar financial institutions and are responsible
for a significant proportion of Vanuatu’s
Gross Domestic Product.
The IFC provides members for the boards of
several Government and semi-Government bodies
and its views are sought when new fiscal legislation
is being proposed by the Government. Commercial
Pacific Insurance Limited is a member of the
International Finance Centre.
Vanuatu is famous for its friendly people,
its trouble-free environment, its wonderful
diving, beautiful beaches and coral reefs.
But there is more to Vanuatu that that.
Vanuatu is certainly one place on earth where
you can mix pleasure with business.
To learn more about Vanuatu’s International
Financial Centre please visit;
www.investinvanuatu.com/vanuatu/fin_serv.htm
www.pkfvanuatu.com.vu |
|
|
Level
1 Anchor House
Lini Highway
Port Vila – Vanuatu |
|
 |
| CPIL
incorporated in 2002 as an exempt insurer
and is regulated by the Vanuatu Financial
Services Commission ‘VFSC’
under the Vanuatu Insurance Act (CAP.82).
|
|
|
|
