Fill - Free fillable VANUATU INVESTMENT PROMOTION AUTHORITY APPLICATION FOR A VIPA PDF form

APPLICATION FOR A VIPA CERTIFICATE OF APPROVAL BY AN

INVESTOR FOR A NEW INVESTMENT

Vanuatu Investment Promotion Act No. 15 of 1998

(Section 6)

This application form must be accompanied by the relevant fee based on the Project’s Total

Investment Cost (TIC) as specified below. The fee must be paid by cash or cheque to the

Vanuatu Investment Promotion Authority.

The fee is not refundable.

Application Fee

VT 120,000

Please submit the completed application form to the:

VANUATU INVESTMENT PROMOTION AUTHORITY

PMB 9011

PORT VILA

VANUATU

Incomplete Applications Will Be Returned

GOVERNMENT OF THE REPUBLIC OF VANUATU

GOUVERNEMENT DE LA REPUBLIQUE DE VANUATU

VANUATU INVESTMENT PROMOTION AUTHORITY

Private Mail Bag 9011

Port Vila, Vanuatu

Telephone: +678 24096 / 24441

Facsimile: +678 25216

Email: investment@vipa.org.vu

Website: www.investvanuatu.org

An online version of this and all other VIPA forms can be accessed through

http://www.investvanuatu.org/process/appforms.htm

This application form comprises 14 pages.

ajc-vanuatu.com

SECTION 1 GENERAL INFORMATION AND CHECKLIST

1. Proposed Business Name

2. Name of Key Contact (

for all correspondences)

3. Mailing address

4. Telephone

5. Email

6. Brief description of the proposed investment:

7. Checklist

Enclosed

OFFICE USE

 Fully completed application form and statutory declaration

 Photo-copy of business name reservation

 Photo-copy(s) of passport ID pages for each investor

 Photo-copy of police clearance(s) for each investor intending

to reside in Vanuatu

 Business summary - Including a plan for training Ni-Vanuatu

workers and a complete cash flow/profitability projection for

three years

OFFICE USE ONLY: Receipt Details Proposed Investment Sectors

Date application accepted Code Specific Activity Location

Fee paid

Target processing date

Receiving officer

Decision Criteria Yes

 All information requirements satisfactorily met?

 Proposed investment does not include a “prohibited” activity?

 Proposed investment does not contravene “reserved” list requirements?

 Proposed foreign investor(s) is deemed to be a fit and proper person?

Recommendation Approved

Rejected

Reason:

Assessment Officer

SECTION 2 FOREIGN INVESTOR INFORMATION

Application for Certification Of Approval For A New Investment Page 2 of 14

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8. Foreign Investor Details

a) Detail(s) for individuals who are owners/shareholders in the proposed investment:*

Investor 1

Surname

First Name

Business Percentage %

Telephone Facsimile

Email Address

Primary Nationality Secondary Nationality

Investor 2

Surname

First Name

Business Percentage %

Telephone

Facsimile

Email Address

Primary Nationality Secondary Nationality

Investor 3

Surname

First Name

Business Percentage

Telephone Facsimile

Email address

Primary Nationality

Secondary Nationality

* Please include a photocopy of the passport ID page for each investor. Investors with dual citizenship must provide

photocopies of each of their passports.

b) Is another company/or companies a shareholder in the investment?

Yes

If yes, please attach full particulars, including: names, registered addresses, details of shareholders

and directors, and the total percentages of shareholding by non-residents of Vanuatu.

9. Associated Businesses

Are any of the individuals or companies identified in Section 8, own, or have

controlling interests in other business enterprise(s) in Vanuatu or overseas?

Yes No

If yes, please provide the following details:

Name of business(es)

Names of shareholders

Application for Certification of Approval for a New Investment Page 3 of 14

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10. Form of Intended Business Entity

Please select the type of business entity you intend to operate under

Sole proprietorship

Partnership

Local private company limited by shares Local private company limited by guarantee

Other (Please specify)

SECTION 3 BUSINESS ACTIVITIES AND LOCATION

11. Intended investment categories, business activities and location

Using the list provided in Appendix A, please identify all the business activities you intend to operate in,

the proposed location of each activity and their associated investment category.

Code Investment Category Business Activity

Location*

* Select from one of the following options: Port Vila, Luganville, Shefa Province, Malampa Province, Sanma

Province, Tafea Province, Penama Province and Torba Province.

12. Reserved business activities

Certain business activities have been defined as “reserved” under the Foreign Investment Promotion

Act. These activities are identified in Appendix B. Some are reserved solely for Ni-Vanuatu citizens.

As a foreign investor, you are not permitted to involve yourself in any of these activities. Others,

however, are open to foreign investment assuming you meet certain conditions.

If you identified a business activity above in section 11

which requires you to meet a minimum

investment threshold as identified in Appendix B please identify the business activity, code, location as

well as the “planned level of operation” you intend to achieve. Please note that your business plan

must clearly demonstrate when and how you intend to achieve your target levels of operation.

Code Business Activity Location Planned Level of Operation

* Refers to the threshold level of the reserved business activities

Application for Certification of Approval for a New Investment Page 4 of 14

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SECTION 4 IMPLEMENTATION ISSUES

13. Management

Will the business be managed by someone other than the owner or investor?

Yes No

If yes, please complete the following:

Manager’s Name

Telephone Email

14. Access to Land

a) In order to successfully implement the investment, will you require access to

land?

Yes No

b) If yes [to (a)], have you already identified suitable land for your investment?

Yes

c) If yes [to (b)], please describe where the land is located:

Island

Town/settlement/area

d) If yes [to (b)], have you completed lease arrangements for the land?

Yes

e) If yes [to (d)], please identify the following:

Lease number

Type of lease

15. Potential environmental impacts*

a) Do you intend to develop land in a coastal area or impact the foreshore?

Yes No

b) Do you expect to disrupt or impact any ground or surface water systems?

Yes No

c) Do you expect to produce large quantities of solid waste or waste water?

Yes No

d) Do you intend to sell or use hazardous materials^, including pesticides?

Yes No

e) Do you intend to introduce any new species or technologies into the country?

Yes No

f) Do you expect your activities will adversely affect any communities?

Yes No

If you answered yes to any of the above questions, please provide details:

* Every foreign investor whose application is approved, must consult the Department of Environmental Protection and

Conservation (DEPC) at the Ministry of Climate Change to determine if the proposed investment is likely to cause significant

environmental, social and/or cultural impacts.

^ Hazardous materials are defined here as any substance or chemical which is a "health hazard" or "physical hazard,"

including: chemicals which are carcinogens, toxic agents, corrosives; agents which damage the lungs, skin, eyes, or mucous

membranes; chemicals which are combustible, explosives, flammable; and chemicals which in the course of normal handling,

use, or storage may produce or release dusts, gases, fumes, vapours, mists or smoke which may have any of the previously

mentioned characteristics.

Application for Certification of Approval for a New Investment Page 5 of 14

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SECTION 5 SUMMARY INFORMATION

16. Investors

Name Nationality Shareholding%

17. Residency Permits Required*

a) Investor (or designated

Full Name(s)

manager)

b) Accompanying family member

Full Name(s)

* You must provide a police clearance from your country of origin for each individual for whom a residence permit is being

requested.

18. Value of Proposed Investment (in millions of Vatu)*

Local

Purchases

Overseas

Purchases

Total Outlay

Land and Buildings

Plant and Equipment

Vehicles and Furniture

Engineering and Installation Costs

Other

Working Capital

Total

* A complete cash flow/profitability projection for three years must be attached to this application.

19. Projected Employment (numbers)*

Total by end of Year 1

Total by end of Year 2

Total by end of Year 3

Local

Foreign

Local

Foreign

Local

Foreign

Management

Skilled

Non-skilled

Total

* Do not include investors.

Application for Certification of Approval for a New Investment Page 6 of 14

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SECTION 6 STATUTORY DECLARATION*

* Note: Each non-citizen investor is required to sign a statutory declaration

I/We the undersigned, solemnly and sincerely DECLARE that:

to the best of my/our knowledge and belief the information contained in this application form related

to the proposed investment of

(proposed business name)

is correct and complete. I/We also authorise VIPA to carry out due diligence on me/us including

credit checks from my/our bank and police records from my/our country of origin.

I/We understand that the provision of false information is an offence and where a body corporate is

guilty of an offence and that offence is proven to have been committed with the connivance of, or

attributable to the neglect on the part of a director, manager, secretary, or any other officer of any

person purporting to act in any such capacity, that person as well as the body corporate will be liable

for prosecution.

I/We have not been convicted of a serious, nor of tax evasion, nor been declared bankrupt, nor has

any applicant or its officers been in liquidation, except as follows:

Date Court

Offence

Penalty

Date Court

Offence

Penalty

Date Court

Offence

Penalty

*Please append any further convictions to this document and sign the original form and copies of any

appendixes

Name of Investor

Company/Business Name

Signed

This Day of 20

Subscribed and Declared at On the

Before Me

Signature of Justice of the Peace/Commissioner For Oaths/Notary Public

Address

Application for Certification of Approval for a New Investment Page 7 of 14

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APPENDIX A – BUSINESS CATEGORIES & BUSINESS ACTIVITIES

Category Description Business License Activities

Mining, Quarrying and

Logging



Mining for minerals

 Quarrying and other mining

 Logging

Manufacturing Industries

and Trade



Abattoir and meat packing

 Canneries

 Oil mill

 Bakeries and confectioneries

 Manufacture of food products not elsewhere

classified

 Manufacture of prepaid animal feeds

 Distilleries

 Breweries

 Manufacture of carbonated non-alcoholic beverages

 Manufacture of cordials and non- carbonated or non-

alcoholic beverages

 Manufacture of tobacco

 Sawmills, planning and other wood mills

 Artifacts and decorative small furnishing

 Manufacture of paper, paper products, printer and

publisher

 Manufacture of chemicals, chemical products

 Manufacture of rubber and plastic products

 Manufacture of soap and cleaning preparations

 Shipbuilders and repairers

 Manufacturers of wearing apparels (dressmakers and

 tailors working alone or employing not more than two

 apprentices are licensed under category G)

 Jewelers

 Home manufacturer and purveyors of pies, meat

balls, nems and similar prepared foods

 Home manufacturer of beverages of all kinds

excluding

 Air conditioning and refrigeration

 Manufacture of cement, lime and plaster

 Manufacture of structural and fabricated metal

products

 Other manufacturers not elsewhere classified

Construction Industries and

trade

 General and specific trade contractors

 Artisans working alone (or with up to two apprentices

– bricklayers, painters, decorators, jobbing builders,

masons, plumbers, welders, fitters, turners)

 Computer network installation

 Motor vehicle repair shops

 Salvaging & Demolishing Services

 Other construction industries and trade not elsewhere

classified

Import and re-export

 Businesses that import and re-export goods without

transforming them

Retailers and wholesalers

 Retailers

 Wholesalers

 Butchers

 Pharmacists and druggists

 Other wholesale and retail merchandising not

elsewhere classified

Application for Certification of Approval for a New Investment Page 8 of 14

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D2(a)

Specialty Shops

 Duty Free Shop

 Boutique Shop

Hotels, Motels, Restaurants, Cafes, Bars & Other Accommodation Services

D3(a)

Hotels & Resorts

Accommodations

 Hotel

 Resort

D3(b)

Motels & Self Contained

 Motel

 Self-Contained Units



D3(c)

Unique



Modern Bungalows

 Tent Lodge

 Clamping

 Theme

D3(d)

Holiday Homes

 House

 Vacation Rental

 Short Term Stay Holiday

 Cottage

 Holiday Lodge

 Villa

D3(e)

Guest Houses



Hostel

 Backpackers

 Bed & Breakfast

D3(f)

Island Bungalows

 Island Bungalows

D3(g)

Home Stays

 Home Stay

D3(h)

Camp Sites

 Camp Site

D3(i)

Restaurants

 Restaurant

D3(j)

Cafes

 Cafe

D3(k)

Bars

 Bar

Take-Away Food Outlets and Catering Services.

D4(a)

Take-Away

 Take-Away

(D4(b)

Catering Services

 Catering Services

Reserve

Investments

Open Air Vendors, Mobile

shops and door-to-door

sales

 Open Air Vendors

 Mobile Shops

 Door-to-door sales

Transportation, Storage Facilities and Tourism Services

E1(a)

Air Transport



Air transport operators and carriers

 Airport Agents

 Helicopter Charters

 Aircraft Charters/Leased

 Other Support services to air transport

E1(b)

Sea Transport



Ship and boat owners and operators

 Shipping Agent

 Seaport agents

 Fishing Boat charters

 Other Support Services to Sea Transport

E1(c)

Land Transport

 Bus Transport Operators

 Taxi Transport Operators

 Public Transport Operators

 Other Road Transport Operator

 Other Support Services to Land Transport

Storage Facilities

(Transport Support

Services)

 Storage and warehousing services

 Stevedoring and wharf facilities and services

 Customs agents

 Courier Services

 Freight Forwarding Services

 Container Freight Services

 Other transport support services

Tourism Transportation, Products and Services

E3(1)

Air Tourism Transports

 Plane Operator

Application for Certification of Approval for a New Investment Page 9 of 14

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 Helicopter Operator

E3(2)

Sea Tourism Transports

E3(2a)

Water Transports



Watercraft

 Marine & Motorized Water Operator

 Other Water Transport

E3(2b)

Yacht or Boat Charters

 Yacht Charter

 Boat Charter

E3(3)

Land Tourism Transports

E3(3a)

Tourism Land Transportation



Service Bus

 Taxi

E3(3b)

Tours & Transfers

 Tour Operator

 Transfer Operator

E3(4)

Tourism Tours & Activities

E3(4a)

Educational & Interest Tours

 Education & Interest Tour

E3(4b)

Travel Agency

 Outbound Operator

E3(4c)

Inbound Operator

 Tour Agent

E3(4d)

Tour Guide

 Tour Guide

E3(4e)

Handy Craft & Arts Shop

 Handy Craft Shop

 Arts Shop

E3(5)

Tour Products (Sea/Water Based Activities)

E3(5a)

Marine & Water Adventure

 Parasailing

 Underwater Walks

 Fly Boards

 Glass Bottom Boat

 Snorkeling

 Kayaking

E3(5b)

Scuba Diving

 Scuba Diving Operator

E3(5c)

Traditional Canoe

 Traditional Canoe Operator

E3(5d)

Game Fishing Tour

 Game Fishing Operator

E3(6)

Tour Products (Land Based Activities)

E3(6a)

Land Adventures

 Zip Line

 Zorbing

 Blok Art

 Quad Bike

 Bicycle Tours

 Abseiling

 Horse Riding

 Water fall

 Suspended Bridge Tours

 Cave Tours

 Volcano Tours

 Hiking (Bush Trekking)

E3(6b)

Traditional & Cultural Activity

 Custom Village

 Land Diving

 Fire Walking

 Custom Dance

 Cultural Feast

 Traditional Farm Tour

E3(6c)

National Park

 National Park Operator

E3(6d)

Conservation Area

 Conservation Area Operator

E3(e)

Other Services

 Museum Operator

 Other Tourism Support Services

Rental & Hire Services

 Vehicle Rental and Hire Services

 Plant and Machinery Rental and Hire Services

 Equipment Rental and Hire Services

 Boat Rental and Hire Services



Other Rental and Hire Services

Application for Certification of Approval for a New Investment Page 10 of 14

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E4(a)

Rentals

 Cars Hire Services

 Bicycles Hire Services

 Scooters Hire Services

 Buses Hire Services

 Trucks Hire Services

 Quads Hire Services

 Tuktuk Hire Services

Commercial bank

 Commercial bank

Other Financial Institutions



Trust Companies

 Financial Institutions

 Finance and Investment Companies

F3(a)

 Domiciled Vanuatu Licensed Insurance Company

F3(b)

 Non domiciled Vanuatu licensed insurance company

F3(c)

 Insurance agents

F3(d)

 Insurance brokers

Other professional and

business

services

 Real estate agent

 Property managers

 Land and property developers

 Legal practitioners

 Accounting practitioners

 Engineering practitioners and services

 Architectural practitioners and services

 Surveyors and draftsmen

 Core drilling, assaying geological and prospecting

support services

 Business and financial services and consultants

 Book keeping services

 Management services and consultants

 Advertising and marketing services and consultants

 Photocopying and duplicating services

 Typing and secretarial services

 Language translation and interpreting services

 Business security and protective services

 Debt collection and credit rating services

 Credit Schemes

 Other business and administrative services and

agencies

Human and animal health

services

 Medical practitioners

 Dental practitioners

 Optometrists

 Chiropractors

 Osteopaths

 Nursing services

 Masseurs and physiotherapists

 Midwives

 Veterinary services

Personal, social and recreational and repair services

G2(a)

Recreational Services

 Night Club & dance hall operator

 Show & entertainment operator

 Events Coordinator

 Cinema and theater operator

 Video operator

 Compact disc or digital video disk operator

 Owners or operators of electric and similar games

 Recreational and pleasure grounds and facilities

 Recreational sporting and social services

G2(b)

Barber and Beauty Services



Beauty salons and centers

 Spa operator

 Barbers and hairdressing services

 Make-up Artist operator

Application for Certification of Approval for a New Investment Page 11 of 14

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G2(c)

Educational Services

 Riding School

 Diving School

 Day Care Center

 Kinder Garden School

 Account teachers and language tuition

 Schools and institutions conducted for profit

 Subscription libraries

 Museum operator



G2(d)

Repairs & Other Services

 Typists working alone

 Photographers

 Photo processing and photographers

 Domestic employment agencies

 Shopping services

 Laundries, Laundromats & dry cleaning

 Lawn mowing

 Landscaping and nature services

 Hire of CD or DVD equipment

 Hire of VCR and TV equipment

 Hire of Compact disk (CD) or digital video disk (DVD)

 Hire of Video cassette, Video cassette recorders and

television equipment

 Vending machine owners

 Upholsterers

 Repairs of electrical machines and electronic

equipment

 Other repair services

Electricity



Electricity generation

 Electricity distribution

Telecommunications,

telegraphic and

communication service

companies and providers

 National and/or international telephone service

providers

 Internet Service Providers

 Data and transaction processing

 Electronic mail, voice mail facsimile services,

including store and forward, store and retrieve

Water works, distribution

and supply companies and

providers



Water works, distribution and supply companies and

providers

Radio and television

broadcasting companies and

providers

 Radio broadcasting

 Television production, broadcasting and providers

 Television providers

Artist and Sculptors



Artists

 Sculptors



Other related activities

Planters, Farmers,

Dairymen, Vegetable and

Fruit Hawkers, and other

Gardeners

 Planters

 Cattle Farmers

 Poultry Farmers

 Piggery Farmers

 Dairymen

 Stock Breeders

 Vegetables & Fruit Hawkers

 Market and other Gardeners

 Other related Farming Activities

Fishermen

 Fishing

Application for Certification of Approval for a New Investment Page 12 of 14

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APPENDIX B RESERVED BUSINESS ACTIVITIES

1. Business activities reserved only for Ni-Vanuatu citizens

The following business activities are reserved solely for Ni-Vanuatu citizens. Foreign investors are not

permitted to be involved in any of these activities or be associated with any Ni-Vanuatu individuals or

businesses who are conducting business in any of these activities.



Export of sandalwood

in stick or chip form

harvested from natural

forest



Local trading of

sandalwood harvested

from natural forest



Export of seeds and other minor forest

products harvested from natural forest



Second hand clothing

shops

 Export of kava in root,

chips and stick form

 Manufacture of handicrafts and artefacts

 Kava bar

 Open air vendor, door

to door sales and

mobile shops

 Road transport operators – the provision of

any taxi or bus service, including airport

road transfers and any other road transport

service involving the guest of a hotel or

other accommodation



Private security

services including

security guards



Electricians and

electro-technicians



Commercial fishing in Vanuatu’s inshore

waters as defined by the Maritime Zones

act (i.e. archipelagic waters including first

six nautical miles from land)



Commercial cultural

feasts



Residential building

and construction

 Small scale production of sawn timber from

natural forest using a portable sawmill (i.e.

can be physically moved from one location

to another in the forest)

2. Reserved business activities open to foreign investment if the operation

exceeds a minimum threshold.

Certain reserved business activities are open to foreign investors as long as the size of the operation is

sufficiently large. Investments in these business activities are allowed assuming the investor is able to

demonstrate over time they exceed the specified minimum threshold.

Activity Code Threshold Level

Tourism

Tour agent (business that sells tourism services) E3 (4c)

Annual sales turnover of 20 million

vatu

Tour operator (business that packages two or more

travel services into a single product for the

consumer, i.e. transport, accommodation, meals,

entertainment,

E3 (3b) Investment of 20 million vatu

Guest house (business that provides simple

accommodation using private or semi-private rooms

and offers limited guest services)

D3 (e)

50 beds or 10 rooms or annual sales

turnover of 20 million vatu

Bungalows (business that provides island-style

accommodation in detached or semi-detached

dwellings)

D3 (f)

Annual sales turnover of 30 million

vatu

Source: Vanuatu Foreign Investment Promotion Act 1998, Schedule 1

Application for Certification of Approval for a New Investment Page 13 of 14

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Hotels and motels (businesses

that provides

accommodation using private rooms and offers

amenities such as food, alcohol and other guest

services)

D3 (a) &

D3 (b)

Investment of 10 million V

atu or

annual sales turnover of 20 million

Vatu

Other Services

Retail shops including general merchandise trading

shops (excludes specialty shops)

Annual sales turnover of 30 million

Vatu

Coastal shipping (excludes vessels that exclusively

provide transport to foreign tourists)

E1(b)

Vessel size with carrying capacity of

80 tonnes

Other professional or business service

 Real estate agent

 Property managers

 Land and property developers

 Legal practitioners

 Accounting practitioners

 Engineering practitioners and services

 Architectural practitioners and services

 Surveyors and draftsmen



Core drilling, assaying geological and

prospecting support services



Business and financial services and

consultants

 Book keeping services

 Management services and consultants



Advertising and marketing services and

consultants

 Photocopying and duplicating services

 Typing and secretarial services



Language translation and interpreting

services

 Business security and protective services

 Debt collection and credit rating services

 Credit Schemes

 Other business and administrative services

and agencies

Annu

al sales turnover of 5 million

Vatu

Application for Certification of Approval for a New Investment Page 14 of 14

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