Investment
::Economic Outlook
For the savvy property investor, tax-free Vanuatu serves up an enticing range of financial investment opportunities.
Friendly people, a peaceful environment, breathtaking scenery and above all a steadily growing economy are just some of Vanuatu’s desirable characteristics.
Some advantages of investing in Vanuatu are:
- No capital gains tax
- No personal income tax
- No corporation tax
- No wealth tax
- No withholding tax
- No death duties
- No tax on income of profits, dividends, etc.
- Growing economy
- Growing visitor arrivals and accessibility to main centres
- Strong occupancies
- International growth in demand for lifestyle properties.
Vanuatu raises its taxes and revenue by indirect means. The main methods are:
- VAT (value added tax or GST), 12.5%
- Custom or import duties on goods (0-70% on invoiced value)
- Stamp duty on property purchases, 4-7%
Other destinations similar to Vanuatu, such as Fiji, have experienced strong economic growth in recent years. The Vanuatu Islands have a promising economy, ideal for investment purposes.
Some of the factors predicted to positively affect the growth-rate are:
- More planned subdivisions & development
- 12 weekly flights from Australia and New Zealand
- Vanuatu’s strategic location: 2 hours from Australia and 3 hours from New Zealand
- An increase in government tourism-marketing spending: 3-fold in the last 3 years
- An increase in visitor arrivals: 29% in the last 2 years.
For more information on Vanuatu’s economy, please visit our business partners’ website at www.pkfvanuatu.com.vu
