Vanuatu has launched a new online business registry which will reduce processing times by up to 700 percent.
The Vanuatu Financial Services Commission says the new registry along with recent legal reforms in the country will also increase transparency in business and foster opportunities in communities.
The new system allows businesses and overseas investors to register businesses, maintain company details and pay fees online.
Commission registration officer Alima Garae says the reforms also allow one-person companies to register which opens a new door for local women in business.
"Well in this case it would be easier for, they can just start up a business of their own. Without having a, if they want to have just like an ownership of their own they can go ahead and do that without having consent from a second person."
