Destination

South Pacific

27th edition
        2017

10

 

 

 

There are many
reasons for investing
in Real Estate in
Vanuatu. However for
many investors, they
simply want to enjoy the
lifestyle and to have a
little piece of Paradise
for themselves
 
 

 

Investing in Vanuatu's

 

Real Estate

 

 
 
 
 
 
 
 
 
 
 
 
 

 

 

 

Land Leases

No land in Vanuatu is freehold, therefore all land is leasehold. Leases usually extend for 50 or 75 years from the date of Vanuatu’s Independence in 1980, or sometimes from the date that a new lease is created. Leases can be extended up to 75 years. All leases are registered in the central government Land Records Department and all transactions on land leases must be registered.

Strata Title

The Strata Title Act allows more choices in a property design or subdivision and opens the doors for large international projects as well as Tourism projects.

Rent Tax

There is a flat rate of 12.5 % Rent tax or VAT (if commercial) payable on rental income in Vanuatu. There are no restrictions on non-citizens and it’s not necessary to have either residency or employment in Vanuatu in order to purchase property or businesses.

 

 

 

 

Step by Step


1. Sign Agreement for sale and Purchase.

2. Pay the deposit (usually 10%).

3. When consent to transfer approved, sign the Transfer of Lease.

4. Settle transaction.

5. Pay Stamp Duty on the transfer (2%).

6. Register the Transfer at the Lands Records Department and pay 5% Registration Fee to Government

7. 1.1% Solicitor’s Costs (Negotiable)

 

 

 

 

Buying into the Real Estate market in Vanuatu, whether residential or commercial, is an excellent way to make your money work for you.
The information in this feature will give you a brief overview and the key step by step guidelines to Real Estate Investment in Vanuatu, but for specific details contact any of the major real Estate Companies operating in Port-Vila.

Real Estate Services

To any client, whether resident or foreigner, the local companies offer long-standing experience of Vanuatu, its laws and banking and company regulations together with familiarity with the customs of Vanuatu. All Real Estate transaction matters are handled in a professional manner that is personal, competent and discreet.

 
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