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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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