Many firms moving to New Hebrides
p. 139 · Read in the full issue
Nauru and Norfolk aren’t the only Pacific spots where overseas investors are incorporating companies. The New Hebrides is now in the act (see p. 61).
In early March a major firm of Australian solicitors opened a Vila office, with Mr. Brian Hallett, of Sydney, in charge.
Mr. Hallett said his firm, with operations in the Hebrides and Solomons for several years, had incorporated 21 firms in the Hebrides.
Another 10 firms would soon be incorporated at Vila.
His firm, Mr. Hallett said, specialised in international taxation work. It preferred to incorporate in the Hebrides instead of Norfolk and Nauru, because these territories would have a “limited life” as registration centres owing to their “political future”.
Mr. Hallett said 75 per cent, of the companies his firm represented in the Hebrides were based overseas, other than Australia.
They would conduct business in all spheres, including portfolio investment in mining and oil shares in Australia. Some Australian-based firms were interested in investing in mining ventures in the Hebrides.