Vanuatu query

hi macfadcg
what are you investing in in vanuatu.
couple of things you need to know
1. the land is lease hold so you are buying a lease
the lease hold amount varies and so do the conditions.
2 unlike here you can buy into two types of business structures local company and that is a company that does business with the local so if you are buying a comm or resi property then it will be a local company( you can by as a individual if you wish)
3. the other way is an international company and that is a trading company that trades outside of vanuatu but has its office or address in vanuatu.
buying property is relatively easy and you do need to do a few things first.
A open an account there to do that you need to either setup a company there or go thru vipa
you will find them on the vanuatu goverment web site to check that you are legit and not a money launderer(they don’t like them)
next you will need an account and an accountant you will find alot there( they have more per capita there any were else inc sydney.
once this is all done then you can invest.
vanuatu is a very interesting place to invest.
if once you have done your due diligences and you wish to invest there pm me
I have contacts with bdo,moyes rowlands and pkf , first national, iririki group, melanasia and a couple of ministers.
I can answer any question you may have with regards to this market place,
the only one that I will reserve to answer is would you invest there and do you invest there.

here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]

I moved to port vila in 2006 and bought my unit in jan 2007. the location is important and i bought at nambatri which is within municipality . its very central to shops, main roads etc. its only a 2 bedder very basic but lovely view and is actually strata commercial so i can run a business from my premises which is handy. i know that furnished i can let it out with a 9-10% return.
I am also about to buy a house with a fantastic view 5 mins from port vila and zoned rural res. again, i can let it out anytime for 9-10% return.
i guess what i am trying to say is that unless you know you will get +ve geared return from your offshore investment in a potentially volatile market (which sums up ALL pacific island countries) then you should walk away. most real estate buyers in these markets make emotional investment decisions ( i am no different btw) and that is fine as you will not get better views or waterfront anywhere else for the $$ but remember you must get a decent return – which is still possible here. Beware of a lot of the real estate agents here as many are unscrupulous and will fudge numbers etc to present "once in a lifetime" deals on comm and res props. also be careful of the advice the accountants will offer you. they will always try and steer you towards their own developments etc. the best thing is to come over and look, look, look and talk to people who have been here a while and who don't have vested interests. its a lovely place with some crime issues (nothing a tomahawk and a big dog won't fix) and you can have your own security guard, house girl and chef for $AUD200 per week total cost!!! its like cairns in the 70s/80s i reckon