It is rare to find the combination of a fiscal and
tropical paradise which exists in Vanuatu.
Why invest in Vanuatu ?
The government is also interested in encouraging investment in tourism, fishing, forestry and timber products. However, there are restrictions to ensure that natural resources are not over-exploited. The thrust of government thinking is to encourage labour intensive industries, using local products that will lead to import substitution. Manufactured goods exported from Vanuatu generally enjoy concessions from the Vanuatu Government. There are various accountants and lawyers in this tax environment who can help you finalising your project. So, if you have a spare moment while in Vanuatu, don’t hesitate to call in to see one of the expert consultants who will look into possibilities with you.
You have nothing to lose and everything to gain.
Tourism is one of the major growth industries of Vanuatu.
The country is now
well established as
an attractive tourist
destination and significant potential exists for rapid growth.
Significant funds have
been committed and
the promotion and
development of tourism continues to be actively encouraged.
Increased flights by airline companies and the recent introduction of flights from Virgin Pacific Blue and Air New Zealand have created a demand that is testing both the capacity of existing hotels and the current infrastructure of the industry.
The country really needs
investment not just in
upgrading existing hotels but also in new hotels and its tourism infrastructure
The country boasts an advantageous tax regime 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.
• Vanuatu financial centre has been in operation for almost 40 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”.
• The country has a unique multicultural environment. This is inherited from Condominium times before its independence in 1980 when it was governed both by the French and the British.
There is no doubt that Vanuatu has a number of potential advantages as an investment location. The 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.