This guide will help you start your own business in Vanuatu. There are basic steps to get your business up and running.
Simple Steps to Get Started Today
Phase 1: Planning Your Business
Deciding What to Sell
Look for needs in your community that are not being met
Understanding Your Customers
Think about who will buy from you
Phase 2: Registering Your Business
Choose a Business Name and Register Your Business
Visit the Vanuatu Financial Services Commission (VFSC) office in Port Vila or Santo to check if your name is available. View the VFSC e-gov services page for more information on registering a business.
Get Your Business Licence
View the DCIR e-gov services page for more information on business licences.
Phase 3: Setting Up Your Business
Basic Tools to Get Started (No Internet Required
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Business record book (to track money coming in and going out)
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Receipt book (to give customers when they pay)
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Simple price list or menu
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Mobile phone for calls and texts with customers
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Cash box with lock for keeping money safe
Simple Digital Tools (Requiring Basic Internet Access)
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LibreOffice: To organise your accounts, business records and plans.
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GIMP: For designing digital posters, brochures, and other marketing collaterals.
Phase 4: Managing Your Money
Keeping Track of Business Money
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Always keep business money separate from personal money
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Write down every sale you make and every expense
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Keep all receipts for things you buy for your business
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Save some money every week for emergencies and future needs
Starting With Small Capital
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Many successful businesses in Vanuatu started with less than VT50,000
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Ask about microfinance loans from VANWODS or National Bank of Vanuatu