You can order a Cybersuite on this web site, and begin your e-business from the Internet Free Trade Zone as soon as the application has been approved. The Cyberspace Tax Firewall Financial deals done in cyberspace raise difficult questions for taxation. For example, suppose a resident of Singapore finds a bank on the Internet that allows a potential customer to fill out a form and open an account. The bank offers a number of advantages such as easy access via the Internet, access by other family members anywhere in the world, payments by writing checks, and an ATM debit card that can withdraw cash anywhere in the world. The transactions are therefore under the laws of Vanuatu, and although these laws are very strict in forbidding adult or obscene material and illegal activities such as money laundering, there are no taxes levied on honest trading activities.
Trading companies buy from one party and sell to another unrelated party.
An offshore based trading company can enter into various contracts with customers and suppliers, and close the deal in cyberspace. For example, bonds are purchased in London and sold in Hong Kong by a Vanuatu company acting for an association of financial partners scattered in a dozen countries. So long as the actual financial transactions take place on the Vanuatu based cybersuite, the Vanuatu law states that the business is done under their jourisdiction. Quality is controlled by Hong Kong specialists. The Korean company may use equipment provided by the Hong Kong company.