Mergers & Acquisitions Ltd, a venture of Cessions Acquisitions based in New Caledonia is opening an office in Port Vila, Vanuatu. For that occasion, they organised an information seminar featuring AJC and other professional service providers in Vanuatu.
Here are the two presentation AJC did during this event covering the due diligence process and the costs of transferring the ownership of a company in Vanuatu. We explain why the due diligence is important, how it’s done and what the costs are. We also cover and explain the fees involved in different types of transfers of ownership in Vanuatu.
Due Diligence (English)
Real Estate and Companies (English)
Vérification diligente (French)
Immobilier et Entreprises (French)
Vanuatu is an independent republic and is a chain of Melanesian islands lying to the north-east of Australia. Its capital, Port Vila, is only three and a half hours’ flying time from Sydney. Vanuatu boasts 83 islands with a diverse culture, custom, breathtaking scenery, world class dining and diving and above all friendly welcoming people.
With a population of approximately 257,000 Vanuatu boasts 113 distinct languages and innumerable dialects. This makes it one of the most culturally diverse countries on earth. The pre-independence era contributed a great deal to the nation’s continuing diversity. The unique system of joint administration has given Vanuatu the benefit of being the only country in the South Pacific with two official languages, English and French. There is also Bislama, the national language, which is used as a common language among Vanuatu’s many peoples.
And then, there is business … come and experience Vanuatu.
Sundays and public holidays are not working days in Vanuatu. In most cases, an employee is not obliged to work on Sundays or public holidays. An employee may, however, agree to work on a Sunday or a public holiday, as he or she wishes.
When an employee agrees to work on a Sunday or public holiday, his or her salary is increased by 50%, except for businesses which by nature stay open on Sundays and public holidays (resorts, restaurants, supermarkets, etc). Employees working in these industries may not be entitled to a day off or increased hourly rate of pay.