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Tourism in Vanuatu Vanuatu is a land of contrasts, where the 21st Century melds with the 19th Century. We are known as the Isles of Contrast and the Paradise Islands. Both are true. Located in the South Pacific, Vanuatu has a sub-tropical climate and an easy lifestyle - tourism plays an important part in the local economy. You can stay in modern Port Vila at the Crown Plaza or at Le Meridien, or other western hotels. Alternatively you can travel to the outer islands to visit the active volcanoes, or the world famous Pentecost land divers (allegedly the origin of Bungee jumping).
Business in Vanuatu Vanuatu is
a tax haven. As such, there are no income taxes, withholding taxes,
capital gains taxes, gift, death, estate or succession duties
applying to companies, trusts or individuals. There are also no
tax treaties with other countries and thus no exchange of information
with foreign governments. Under the Vanuatu International Companies
Act companies have a 20-year guarantee against taxes, duties and
exchange controls. Vanuatu has a very well developed Offshore Finance Center, which has been operating since 1971. Vanuatu is in a uniquely advantageous time zone for the location of a Financial Center. The standard business day commences at 7:30 a.m. in the capital and financial center, Port Vila. This allows a thirty minute overlap with New York so that the New York closing markets are known and available to Port Vila early in the working day. In addition, Vila office hours are three hours ahead of Hong Kong & Singapore. Thus, Vanuatu fills an important time position between world markets. Financial Transactions, which may be negotiated in Singapore or Hong Kong during the day can be domiciled in Vanuatu in real time. Port Vila remains open until London and the European markets open, thus completing the time bridge from New York to London. Copyright © 2001, Pacific Technology Corp This page last updated 2 August 2001 |
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