Vanuatu is situated in the South Pacific Ocean. More precisely, the island lies in east of northern Australia, southeast of the Solomon Islands, northeast of New Caledonia, east of New Guinea and west of Fiji. Tourists are attracted mostly by nature, clean beaches, jungles, mountains, and volcanoes.
Politically, Vanuatu is a parliamentary republic, democracy. The currency is vatu (VT). The major drivers of economy are agriculture, tourism, and the Citizenship by Investment program.
Vanuatu is incorporated into international relations and is party to the UN, the WTO. Vanuatu is a member of Commonwealth community, however the visas to UK and the Schengen countries are required, and the negotiations are held on introducing eTA currently.
There are three types of banks in Vanuatu: national banks, that are regulated by the Reserve Bank of Vanuatu, international banks, and offshore banking, that is controlled by the International Banking Act. Thus, companies registered in the offshore zone enjoy benefits from a tax-free regime. Offshore banking attracts businessmen because it provides tax incentives, complete confidentiality, and financial flexibility.
Real estate prices in Vanuatu vary depending on location and type of property. In the capital, Port Vila, the cost of small apartments starts at $100,000, while luxury villas with ocean views can be priced at $500,000 and above. On less popular islands, you can find land plots and houses starting at $50,000, which attracts those willing to invest in the development of the area.
The real estate market in Vanuatu is actively growing, and experts predict price increases in the coming years. A stable political situation, favorable climate, and interest from international investors create all the conditions for property values to rise. Buying real estate in Vanuatu is not only an opportunity to enjoy exotic nature but also a profitable investment in the future.
The following categories of individuals can obtain Vanuatu citizenship through the investment program:
Please note that parents must be over 50 years old, not younger. All applicants undergo a due diligence process and must meet the program's requirements.
Tax system in Vanuatu is straight forward and is aimed at attracting international businesses and investors. So that, the country has limited taxes. Thus, there is no tax on personal income, inheritance, capital gains, on dividends, property, wealth.
Companies that are registered on the territory of Vanuatu, including offshore businesses, enjoy a 0% corporate tax. Instead, they face a 12,5% VAT. This VAT is lower than in many other countries, that is appealing to businesses. Moreover, companies are exempted from capital and exchange controls.
The annual registration fee is USD 300-1000 per year. Contribution to a pension fund is 6%.
What about real estate purchase tax, when buying, changing property, one has to pay a tax of 2 to 12%.
Vanuatu also has several other taxes, such as stamp duty at a fixed rate of 2% and customs duties on imported goods ranging from 0% to 50% - it depends on the type of goods and country of origin.
It is important to emphasize that Vanuatu guarantees data protection and privacy for businesses. Investors can feel safe and secure in Vanuatu.
However, Vanuatu does not have double tax treaties with other countries.
Types of legal entities in Vanuatu:
Proof of address (Lease Agreement + Utility bill)
Banking assistance (local and offshore accounts)
Tax Identification Number
Police reports for approved clients
Company registration/incorporation (local and offshore companies)
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It has a period of maximum 5 years. The validity period starts from the date of issue and runs until the date of expiry.
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