Goals of a community company

What are the objectives of having community companies in Vanuatu?

The new community company structure has been introduced to:

  • provide communities with a simple and cheap way to incorporate and operate.
  • provide clear obligations so the way the community company operates is well understood.
  • protect the communities through regular reporting of activities to the community.
  • give better certainty for third parties who want to do business with the community companies such as lenders, investors and other businesses.
  • protect and grow the community assets for current and future members.