Vanuatu

Names get new $4O charge AN annual charge of Vtsooo (US$4O) has been introduced in Vanuatu under a new Business Names Act which came into effect on the Ist of this month.

Maritime regulations changed

PACIFIC International Trust Company reports important changes have been made in Vanuatu’s maritime regulations, many of them aimed at making the legislation clearer and easier to comply with. There is also now to be a levy on ships registered in Port Vila. This new levy will cover the costs of marine investigation, nautical training and international participation. The levy is SUS72S a year plus four cents per tonne of a vessel’s registered tonnage, the total being payable on an annual basis.