Vanuatu Consolidated Subsidiary Legislation
Commencement: 1 January 2003
INTERNATIONAL BANKING (FEES) REGULATIONS
Order 2 of 2003
To provide for the fee payable by an applicant for a licence to carry on International Banking business and the annual fee payable by a licensee.
“Act” means the International Banking Act [Cap. 280].
2. Prescribed application fee
The prescribed application fee for a licence to carry on International Banking business under section 6(2)(b)(iii) of the Act is US$ 8,000.00.
3. Prescribed annual licence fee
The prescribed annual licence fee under section 10(5) of the Act is US$ 8,000.00.