What are the objectives of having community companies in Vanuatu?

The new community company structure has been introduced to:

• provide communities with a simple and cheap way to incorporate and operate.
• provide clear obligations so the way the community company operates is well understood.
• protect the communities through regular reporting of activities to the community.
• give better certainty for third parties who want to do business with the community companies such as lenders, investors and other businesses.
• protect and grow the community assets for current and future members.