Vanuatu: Types of Company
Vanuatu trusts are formed under UK legislation that applies directly in Vanuatu, including the Trustee Act 1925, the Variation of Trusts Act 1958, and the Law of Property Act 1925. Vanuatu legislation on Trusts includes the Perpetuities and Accumulations Regulation 1974 and the Succession Probate and Administration Regulation 1972. The maximum perpetuity period for a Vanuatu trust is 80 years.
Vanuatu is in the process of constructing more modern trust legislation which will allow for purpose trusts, specific asset protection rules, disapplication of forced heirship rules etc.
Vanuatu trusts do not have to be registered and there are no reporting requirements; trustees do not have to be resident. Trust documents need stamping at VT7,500 (at the time of writing).