Given that Vanuatu has not fully implemented ITEAS or double taxation treaties with anyone (except Australia), it is a perfect jurisdiction to hold funds, provided that you have sufficient due diligence and source as Vanuatu is very careful to protect its banking industry from bad money. However, for that same reason, it is not a good jurisdiction to use for trading, since most Vanuatu banks are moving away from the “offshore banking” towards wealth management.
Banks in this territory seek and indeed require a personal relationship and a personal reason to invest such as, perhaps, real estate investment or family funds. The time taken to establish a personal relationship with your banker pays dividends, as Vanuatu banks have never frozen assets, had never experienced collapses or been subject to liquidity problems.
(Coming soon)
Global Corporate, Banking, Licensing, Residency
Years of practice in his field: 8 years
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