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Foreign Investment Act No.25 of 2019.

Country
Type of law
Legislation
Source

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.
Long title of text
An Act to provide for the establishment of the Vanuatu Foreign Investment Promotion Agency and for related matters.
Date of text
Entry into force notes
This Act comes into force on 15 January 2020.
Repealed
No
Source language

English

Legislation Amendment
No