Investment Banking License Application
Vanuatu is an established offshore financial center offering wide range of offshore financial services. Vanuatu also offers the opportunity to incorporate a private investment bank, currently governed by the new 2002 International Banking Act.
The Vanuatu International Banking Act defines a Banking business as :
1. A person is carrying on a banking business if the person :
a. accepts deposits of money that are withdrawable, or payable upon demand, after a fixed period or after notice; or
b. undertakes the frequent sale or placement of bonds, certificates or other securities;
and uses such deposits or the proceeds of such sales or placements, either in whole or in part, for loans or investments for the account and at the risk of the person.
2. A person is taken to be carrying on banking business if the person:
a. advertises for or solicits deposits of money, or offers to sell or place bonds, certificates or other securities; and
b. uses or intends to use the funds so acquired, either in whole or part, for making loans or investments, or any other activity authorised by law or customary banking
practice, for the account and at the risk of the person.