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Open a Bank Account in Vanuatu
$550.00
The Republic of Vanuatu is a former English-French protectorate, made up of a stunning archipelago of 83 islands of volcanic origin surrounded by coral reefs, covering more than 12,000 sq. km of the South Pacific Ocean.
As a country that is highly dependent on foreign investment for the sustenance of its economy, it has developed an offshore banking sector that caters to a range of international individuals and companies.
Vanuatu has been an offshore financial center for more than 40 years. The sector contributes almost one-tenth of GDP. With well-developed banking and financial infrastructure, international financial institutions, professional lawyers, accountants and financial advisors, including multinational firms.
We can help you open bank accounts in Vanuatu.
Accounts are available for individuals.
We work with 2 different banks in Vanuatu.
Each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services below to better understand if their banking services meet your needs:
- National Bank of Vanuatu (Corporate)
- Pacific Private Bank (Corporate, Personal)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.
National Bank of Vanuatu
Account Details
| Eligibility | Local Companies |
| Min Deposit | EUR 1,000 |
| Currencies | USD |
| Cards | No |
| Remote | Yes |
| Off-shore non-resident | No |
| Other Services | Transactional Banking, Trade Finance, Discretionary Wealth Management |
E-banking note: You can transfer funds between your own accounts or to the NBV account of a third-party. You can also transfer funds across different currencies.
Pacific Private Bank
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | 1,500 EUR |
| Currencies | EUR, GBP, USD |
| Cards | No |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Transactional Banking |
Outgoing USD transactions cannot be facilitated.
Account Details
| Client Profile | Wealth Management, Day-to-day banking |
| Min Deposit | 1,500 EUR |
| Currencies | EUR, GBP, USD |
| Cards | No |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Discretionary Wealth Management, Checking Account |
Outgoing USD transactions cannot be facilitated.