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Foreign Investment Act No.25 of 2019.

Country/Territory
Vanuatu
Document type
Legislation
Date
2019
Source
FAO, FAOLEX
Long title
An Act to provide for the establishment of the Vanuatu Foreign Investment Promotion Agency and for related matters.
Subject
General
Keyword
Legal proceedings/administrative proceedings Authorization/permit Dispute settlement Institution Monitoring Offences/penalties Registration Data collection/reporting Special fund
Geographical area
Asia and the Pacific, Least Developed Countries, Melanesia, Oceania, Small Island Developing States, South Pacific
Entry into force notes
This Act comes into force on 15 January 2020.
Abstract

This Law provides the rules for establishment the Vanuatu Foreign Investment Promotion Agency. The Agency will be in charge to advise governmental bodies on all matters related to foreign investment in Vanuatu and to promote a regulatory environment for investment, and to establish methods to assist foreign investors in obtaining permits, licences and approvals. The text lays out for the organisational structure of the Agency, and functions of different boards and officers. The Act consists of 73 Articles divided into 10 Parts as follow: Preliminary (1); Establishment of the Vanuatu foreign investment promotion agency (2); National investment activities (3); Register and annual survey of foreign investments (4); Registration of investment activities (5); Disputes (6); Investment guarantees (7); Offences and penalty notices (8); Miscellaneous provisions (9); Repeal, savings and transitional provisions (10). The text contains one Schedule divided into 3 Parts.

Full text
English