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Business License (Amendment) Act 2007

Commencement: 1st January 2008

REPUBLIC OF VANUATU

BUSINESS LICENSE (AMENDMENT)
ACT NO 19 OF 2007

Arrangement of Sections

1. Amendment
2. Commencement

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REPUBLIC OF VANUATU

Assent: 24/12/2007
Commencement: 01/01/2008

BUSINESS LICENSE (Amendment)
Act No. 19 Of 2007

An Act to amend the Business License Act [CAP 249].

Be it enacted by the President and Parliament as follows:

Amendment

1. The Business License Act [CAP 249] is amended as set out in the Schedule.

Commencement

2. This Act commences on 01 January 2008.

___________________________

SCHEDULE

AMENDMENTS OF THE BUSINESS LICENCE ACT [CAP 249]

1. After section 5

Insert

"5A Issue of security firm licence

(1) A person must apply in the form prescribed by the Director for a business licence to carry on the business of operating a security firm.

(2) A person applying for a business licence to carry on the business of operating a security firm must obtain a report from the Commissioner of the Vanuatu Police Force recommending whether or not the person is suitable to carry on such business.

(3) The Director must issue the business licence only on the recommendation of the Commissioner of the Vanuatu Police Force, and upon payment of the business licence fee payable for the licence in accordance with section 18.

5B Renewal of a security firm licence

(1) The holder of a licence issued under section 5A must apply in the form prescribed by the Director for the renewal of the licence.

(2) The Director must renew the licence if:

(a) the holder of the licence has obtained a report from the Commissioner of the Vanuatu Police Force recommending him or her to continue to carry on such business; and

(b) the holder of the licence pays the fee payable for the licence in accordance with section 18."

2 Schedule 1 - CLASS E ("Category E")

Delete Category E, substitute

Category E1. Transportation

E1. (a) Air Transport

20,000 for gross turnover of less than 10 million;
50,000 for gross turnover of 10 million to less than 20 million;
100,000 for gross turnover of 20 million to less than 50 million;
250,000 for gross turnover of 50 million to less than 100 million;
500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.

Plus for each non-citizen principal or partner engaged in the business, 100,000

E1. (b) Sea Transport

20,000 for gross turnover of less than 10 million;
50,000 for gross turnover of 10 million to less than 20 million;
100,000 for gross turnover of 20 million to less than 50 million;
250,000 for gross turnover of 50 million to less than 100 million;
500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.

Plus for each non-citizen principal or partner engaged in the business, 100,000

E1. (c) Land Transport

20,000 for gross turnover of less than 10 million;

50,000 for gross turnover of 10 million to less than 20 million;

100,000 for gross turnover of 20 million to less than 50 million;
250,000 for gross turnover of 50 million to less than 100 million;
500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.

Plus for each non-citizen principal or partner engaged in the business, 100,000

Category E2. Storage Facilities

20,000 for gross turnover of less than 10 million;
50,000 for gross turnover of 10 million to less than 20 million;
100,000 for gross turnover of 20 million to less than 50 million;

250,000 for gross turnover of 50 million to less than 100 million;
500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.

Plus for each non-citizen principal or partner engaged in the business, 100,000

Category E3. Tourism Services

20,000 for gross turnover of less than 10 million;
50,000 for gross turnover of 10 million to less than 20 million;
100,000 for gross turnover of 20 million to less than 50 million;
250,000 for gross turnover of 50 million to less than 100 million;
500,000 for gross turnover of 100 million to less than 200 million;

1,000,000 for gross turnover of 200 million or more.

Plus for each non-citizen principal or partner engaged in the business, 100,000"

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