VanuatuShips.com
Title
Vanuatu Maritime Services - operators of the Vanuatu ship registry - Home
Description
Companies legislation in Vanuatu is substantially more flexible than that found in the legislation of other jurisdictions based on British Law.
It is especially suited to foundations. Companies incorporated under the Vanuatu International Companies Act must not offer shares or debentures to the public. The cornerstone of the Act is the solvency test. Creditors of the company are to be protected but the owners can do with the company assets as they see fit. The result is the ability to pay dividends from profits, reserves or capital as the Directors wish.
The Law System
Vanuatu is a Parliamentary Democracy modeled on the British system. The Legislature consists of a single chamber, 50 member Parliament, for which general elections are held every four years.
Languages
English
Contact
- Vanuatu Maritime Services Ltd
-
- New York NY
- US 10004
-
- +1.212 425-9600
Additional Information
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