Vanuatu is a small island in the South Pacific. Located southeast of Australia, it was previously a country known for loose regulation and as an offshore tax haven. However, since 2017, Vanuatu’s Financial Services Commission has made significant enhancements in tightening its licensing requirements through legislation to ensure client protection. This has led to an improved reputation to the banking and financial services industry and a global acceptance to the Vanuatu financial system.
Vanuatu offers a combination of global client coverage while permitting attractive features such as competitive leverage with no execution restrictions
✓ 5,000,000 VT bond deposited with the VFSC as capital requirement
✓ Local director
✓ Annual financial audit by an independent 3rd party auditor
✓ Directors and client indemnity insurance
✓ Updated AML and KYC due diligence policies reviewed annually
A full copy of the Financial Dealer’s Act can be found here.