Vanuatu General Information - Vanuatu Real Estate

Monday, February 6, 2012

Vanuatu Real Estate

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GENERAL INFORMATION

Electricity runs at 220-230 volts AC, with three-point plugs.

Vanuatu is situated west of the International Dateline, and some eleven hours ahead of Greenwich Mean Time. It is 16 hours ahead of New York.

The local currency is the Vatu. For the latest currency exchange rate, Currency Converter.

The capital city is Port Vila, with almost 20,000 people. It is situated on the island of Éfaté.

Major exports are tourism, copra, cocoa, hardwood timber, beef and coffee, fish and fish products. Small-scale agriculture, which provides a living for 65% of the population, forms the basis of the economy. The International Companies Act in 1993 made Vanuatu one of the most attractive and competitive offshore financial centres in the world. There is no income tax, and tax revenues come mainly from import duties and goods and services tax.

There are 1070 kilometres of roads, 256 of which are paved (sealed). Most roads are on the perimeter of the islands.

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For the latest postings by vendors in Vanuatu, please click here for SouthPacificRealEstate.com's full list of land, homes, and commercial properties in Vanuatu. SouthPacificRealEstate.com is not a real estate agent but allows various private owners, property developers or agents to purchase advertising. You deal direct!. Vanuatu is a short plane hop from New Zealand and Australia and is a very popular region for property investment.

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