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Why invest in Vanuatu ?
It is rare to find the combination of a fiscal and tropical
paradise which exists
in Vanuatu..
Encompassing over 80 islands Vanuatu is situated close to
both Australia and New Zealand. Anyone who has travelled to
Vanuatu will admit that it would be hard to find a more
beautiful place. It is truly a touch of Paradise, with
stunning tropical rainforests, jungle waterfalls, hot
springs, incredible coral reefs and crystal clear waters
teeming
with exotic marine life.
The pace of life is not raced or hurried and the warmth and
friendliness of the ni-Vanuatu constantly help to lift the
spirits.
Almost all forms of recreational pursuits are available,
particularly watersports. For those who enjoy keeping busy,
there never seems to be enough time. For those who simply
want to relax, Vanuatu is timeless!
The country boasts an advantageous tax haven which is
enhanced by several unique features when compared to other
finance centres:
• There is no income tax in Vanuatu, no withholding tax, no
capital gains tax, no death duties and no exchange controls.
Money is easily transferred in all major currencies and
there are no reporting requirements in relation to the
movement of funds.
• Vanuatu's financial centre has been in operation for over
30 years, much longer than many of its competitors. Its
infrastructure of lawyers, accountants, trust companies and
banks is well established and this enables it to offer
investors a reliable and high quality service "on the spot".
• Vanuatu has first class international communication
facilities, with its own earth satellite station and twenty
four hour telephone, internet, and facsimile transmission
facilities. The electricity supply is reliable and uses
state-of-the-art technology.
• The country has a unique multi-cultural environment. This
is inherited from Condominium times before its independence
in 1980 when it was governed both by the French and the
British. There are three official languages, English, French
and Bislama.
• There are vast expanses of undeveloped land. Almost half
of the land in Vanuatu has excellent agricultural potential,
and yet only a small percentage of this is actually utilised.
• There is a ready supply of unskilled labour in Vanuatu and
a growing supply of skilled labour. The cost of labour is
still relatively cheap.
There is no doubt that Vanuatu has a
number of potential advantages as an investment location.
The democratically elected government is strongly committed
to the promotion of new investment and will assist
significant investment or investments in new industrial or
agricultural pursuits as far as possible.
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