elcome
to the Vanuatu Financial Services Commission (the "Commission")
Web site. We hope you find what you are looking for.
If
there is any additional information you should
require, please do contact us and we will try our
best to assist you.
We thank you for taking the time to find out more
about the Commission and the Vanuatu Finance Centre.
George
Andrews, Commissioner
Current News
Personal Property Securities
Act (PPSA)
On April 23, VFSC launched the
electronic registry for the
Personal Property Securities
Act (PPSA). The PPSA promotes
business and consumer credit
by reducing costs for
borrowers and avoiding
conflicts among creditors.
The Registry is completely
electronic and is available to
the public on the
internet. The Vanuatu PPSA
Registry is only the second
such all-electronic service in
the entire southern hemisphere
(after New Zealand).
Businesses and lenders have
welcomed this important
addition to e-commerce in
Vanuatu.
The Vanuatu Financial
Services Commission (VFSC) was formally established
in December 1993, after the Vanuatu Parliament
enacted the Vanuatu Financial Services Commission
Act No. 35 of 1993. Previous to this, we were the
Registrar of Companies and the Official Receivership
Department of the Treasury since 1971 under the
then, British Administration and after independence
in July 1980, the Ministry of Finance and Economic
Management.
In short
the main function of the VFSC is to operate an
effective and efficient Registry. In Addition, it
has been tasked to regulate and
supervise the non-deposit taking institutions in Vanuatu. This function would include
promoting the industry overseas and protecting its
reputation from undesirable business persons.
Good
planning and organization are essential to the
successful operation of any organization.
Here, we have set out the Vision, Mission, desired
Key Outcomes of the Commission as well as our values
and behavior, and our corporate objectives.
Our challenge is to develop and implement the
appropriate strategies to achieve these goals.
(History, Politics, Economy,
Religion, Political Structure)
The economy is based primarily
on household farming agriculture, which provides a
living for 65% of population. Fishing, forestry,
offshore financial services, and tourism are other
mainstays of the economy.
elcome
to the Vanuatu Financial Services Commission (the "
About Us
VFSC