If secrecy is important to you or your business, consider opening an account in Vanuatu, the island nation located in the South Pacific, 1,090 miles east of northern Australia, 310 miles northeast of New Caledonia, west of Fiji, and southeast of the Solomon Islands near New Guinea. It covers 5,697 square miles of land and its capital is at Port Vila.

As an offshore tax haven, Vanuatu does not share information about its investors and their accounts with law enforcement agencies outside the country. With no income taxes, zero withholding taxes, no capital gains or inheritance taxes, and no exchange controls to speak of, Vanuatu makes a very attractive offshore banking destination. For this very reason, many companies have chosen to incorporate here to avoid undue regulations and legal challenges from the authorities.

With the complete absence of these taxes or controls, this island nation is becoming known as a Pure Tax Haven, both for residents and non-residents. Adding to the mix an up-to-date, state-of-the-art banking system and communication infrastructure, many foreign investors have established a base of operations here and have made Vanuatu their hub location for surplus investment funds or offshore companies. The final aspect that makes this nation so special in the eyes of investors is the extremely active role that the government takes in protecting the rights of its investors. All these aspects together make this nation the most important tax haven in the entire Pacific.

Making a business transaction here is easy as English is the main language of trade, next being French and the native Bislama language. Most of the nation’s GDP comes from small-scale agriculture and not necessarily from foreign investors. It is a booming tourist destination with more than 200,000 visitors a year.

Fiercely independent, Vanuatu is governed as a democratic republic. When researching offshore banking and choosing an offshore tax haven, an individual or corporation wants to consider how secret and private their information will remain in the event of government pressure or investigation. Truly, this is one aspect that makes the island nation shine above all others as it shares absolutely no account information with outside sources and proudly protects your privacy and independence.