BUSINESS START-UP REGULATORY REQUIREMENTS FOR FOREIGN INVESTORS

Setting up a business in Vanuatu comprises 7 steps, involving applying and obtaining approvals from the Government's key regulatory agencies. By following the order of procedures shown, you will find achieving the whole start-up process faster than expected.

STEP 1 FOREIGN INVESTMENT APPROVAL
Vanuatu Investment Promotion Authority (VIPA)

STEP 2 RESIDENCE PERMIT
Department of Immigration and Passport Services

STEP 3 WORK PERMIT
Department of Labour

STEP 4 COMPANY INCORPORATION
Vanuatu financial Services Commission (VFSC)

STEP 5 BUSINESS LICENSE
Department of Customs and Inland Revenue (DCIR)

STEP 6 VAT REGISTRATION
Department of Customs and Inland Revenue (DCIR)

STEP 7 EMPLOYER REGISTRATION
Vanuatu National Provident Fund (VNPF)

Steps 1 through 4 must be completed one at a time in the order indicated. Steps 5, 6 and 7, however, can be done concurrently. In addition, under the Workman’s Compensation Act (Cap 202), all employers are requi
red to obtain insurance to cover the cost of compensating workers injured during the course of their employment. The insurance can be obtained from a private insurance provider.

Foreign investors are reminded that they may require approvals,permits,licenses from other relevant agencies depending on the scope of the business.

If you have further questions, do not hesitate to contact us