Advantage Vanuatu
A Captive Solution
Message from the Minister of Finance & Economic Management,
Honourable Sela Molisa MP
We are delighted to introduce some of the advantages of incorporating a Captive Insurance Company in Vanuatu and provide evidence to show that Vanuatu is an accessible, vibrant, reputable domicile and the most progressive for captives in the South Pacific.
For many years Vanuatu has enjoyed a rich history of stability and growth.
We offer a British based legal framework and a customer friendly business environment based upon economic and regulatory stability.
We recognise that a successful financial centre must provide confidence for the long term investor. The benefit of British and French influence over many years is evidenced in our constitution, policies and the stability of a youthful nation keen to develop its future as a significant international financial centre.
We welcome you to visit the Financial Services Commission where the Insurance Supervision department will be pleased to answer any questions you may have.
We look forward to being able to help you through our office or this web site.
Message from the Vanuatu Financial Services Commissioner, George Andrews
Vanuatu has evolved into a full service financial centre. It has become the offshore domicile of choice for financial services including, company formation, trusts, mutual funds, international and captive insurance.
Vanuatu is the largest Offshore Captive Domicile in the South Pacific region. The Protected Cell Company Act 2005, The Insurance Act 2005 and Insurance Regulations 2006 and have created a major opportunity for Captive and Insurance Protected Cell Companies to be established.
Capital requirements and reporting systems are similar to other well regulated offshore jurisdictions. As in other jurisdictions Insurance Managers who are resident in Vanuatu, are required for captives and these are licensed by the Commission.
A significant feature of the act is the ability to provide flexibility and understanding for the captive insurance industry.
The regulators although flexible and accessible, must be satisfied that the reputation of any new applicant for a licence will add to the credibility and integrity of our financial service industry.
It is this adherence to prudent regulation that has maintained the confidence of our international client base in Vanuatu as a credible financial centre in a stable, business friendly environment.