The Vanuatu Government, through the Council of Ministers (COM), has taken a significant step to bolster investor confidence and stimulate economic activities across the country by extending lease terms to 99 years. This strategic move is set to provide greater security for lessees, encouraging long-term investments in various sectors, including agriculture, tourism, and infrastructure.

Prime Minister Charlot Salwai announced this initiative during his recent visit to Malekula for the official launch of the Lakatoro Mini-Township expansion. The extension of lease terms is a key component of the government’s broader strategy to create a more favorable investment climate, which aligns closely with the objectives of the Vanuatu Foreign Investment Promotion Agency (VFIPA).

VFIPA welcomes this policy as it directly enhances the investment landscape in Vanuatu. By providing extended lease terms, the government is addressing a critical concern for both local and foreign investors—the need for long-term security in their investments. This policy will not only instill confidence among current investors but also attract new foreign investments, contributing to the sustainable economic development of Vanuatu.

In line with its mission to promote and facilitate foreign investments, VFIPA is actively engaging with potential investors to highlight the opportunities presented by this policy. The agency is committed to supporting investors through every stage of their investment journey, ensuring they can take full advantage of the extended lease terms and the associated economic benefits.

As Vanuatu positions itself as a competitive destination for foreign investment, VFIPA remains at the forefront of these efforts, working closely with both the government and the private sector to ensure a stable and attractive investment environment. The extension of lease terms to 99 years is just one of many initiatives that underscore Vanuatu’s commitment to economic growth and investor satisfaction.

VFIPA encourages all prospective investors to explore the myriad opportunities that this policy opens up across various sectors, from tourism to agriculture, and to contribute to the ongoing development of Vanuatu’s vibrant economy.

Source:Vanuatu Daily Post:  [original article]

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