Understanding the Buying Process

All land in Vanuatu is leasehold not freehold. This means you have a Lessor who owns the underlying lease that you then have title to for up to 75 years. Our lease has 55 years remaining on it before you negotiate a further lease.

To assist in understanding the buying process, the property is currently owned by a Trust - The Havannah Trust T766 with the Trustee being Trustees International Limited a local licenced Trust Company.
​
The purchaser has the option to transfer the lease to their own name/entity and pay 7% stamping and registration on the transfer. The other option is to take over the existing Trust and the beneficiaries associated with the Trust are changed.
​
If taking over the Trust there would be a fee associated with the change in beneficiaries of VT60,000 ($750) and then an annual Trustee fee of VT153,238 (A$1,915) while they remain the Trustee.
​
If the Purchaser wishes to transfer to their name we would recommend Barrett & Partners to carry out the conveyancing to ensure that the transfer is registered. The cost associated with attending to this would be VT94,300 (A$1,180).