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Advantage Vanuatu - jurisdiction for a Captive Insurance Company

Vanuatu is a modern and well regulated jurisdiction

A Vanuatu Captive Insurance Company is totally free from

• Corporate tax /tax on profits
• Premium tax
• Inheritance tax
• Death duty
• Capital gains
• Capital transfer or estate tax and
• Exchange control regulations

Proactive e-commerce environment - both infrastructure and legislative.

Travel

• Vanuatu is 2.5 hours flying time north-east of Brisbane and 3 hours from Sydney, Australia. It is a little
  under 3 hours from Auckland, New Zealand
  
• There are regular international flights available to Los Angeles through New Caledonia, Fiji, Australia,
  New Zealand, and through Air Vanuatu, Air Calin, Air New Zealand, Air Pacific and Virgin Pacific Blue.

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Insurance legislation and fees in Vanuatu

• Companies Act 191 (as amended) for incorporation
• Protected Cell Company Act 2005
• Insurance Act 2005 & Insurance Regulations 2006
• Incorporated Cell Company Act 2009

* Fees and capital may be paid in the currency of the country where the risk is located. For example, the licence
fee for a captive insurer that is specified as US$2,000, is taken to be AU$2,000 if the risk is located in Australia.

Fees comparied with some other jurisdictions

Note: Vanuatu Government revenues are raised mainly through customs import duties, a Value Added Tax (VAT)
and business licences.