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.
The country boasts an advantageous tax regime which is enhanced by several unique features when compared to other finance centers:
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 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 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.
The government is particularly interested in encouraging investment in tourism, agriculture, 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.
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. Vanuatu is well placed in the South Pacific region as a holiday destination for tourists looking for a more relaxed but comfortable holiday environment. The Pacific region in particular is attracting an increasing share of the world’s expanding tourist market. 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.
Manufactured goods exported from Vanuatu generally enjoy concessions from the Vanuatu Government. On another, equally pleasant note, the various accountants and lawyers in this tax environment can usually find ways and means of cutting down on the taxes you may have to pay overseas (that is if, for some reason that escapes us, you still wish to live in a country burdened by tax). You have nothing to lose and everything to gain.
The pace of life is not raced or hurried and the warmth and friendliness of the ni- Vanuatu constantly help to lift the spirits.
The country boasts an advantageous tax regime which is enhanced by several unique features when compared to other finance centers:
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 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 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.
The government is particularly interested in encouraging investment in tourism, agriculture, 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.
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. Vanuatu is well placed in the South Pacific region as a holiday destination for tourists looking for a more relaxed but comfortable holiday environment. The Pacific region in particular is attracting an increasing share of the world’s expanding tourist market. 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.
Manufactured goods exported from Vanuatu generally enjoy concessions from the Vanuatu Government. On another, equally pleasant note, the various accountants and lawyers in this tax environment can usually find ways and means of cutting down on the taxes you may have to pay overseas (that is if, for some reason that escapes us, you still wish to live in a country burdened by tax). You have nothing to lose and everything to gain.
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