Fiji: Overview

RENTAL YIELDS

No yields figures for Fiji

In recent years several old plantations have been subdivided, offering beautiful pieces of property at reasonable prices.

Large 300-acre (and more) coconut plantations can be bought for around US$250,000. There are also plots of 1-5 acres from approximately US$20,000-US$95,000.

There are entire islands for sale for around US$1 million. Apartments and flats rent for around US$250 to US$350 per month, while luxury flats and homes can rent for US$3,500.

TAXES AND COSTS

Last Updated: Nov 29, 2008

Rental income tax in Fiji is high

Effective Tax Rate on Rental Income
Monthly Income	US$1,500	US$6,000	US$12,000
Tax Rate	15.5%	20.7%	21.2%
Click here to see a worked example
Source: Disclaimer

Rental Income: Net rental income of non-residents is taxed at progressive rates. Non-residents are subject to special tax rates, from 20% to 31% depending on their taxable income. Non-residents are entitled to some allowances.

Capital Gains: Capital gains are generally not taxed in Fiji but capital gains realized from properties disposed within 3 years of acquisition are treated as ordinary income and taxed at the standard income tax rates.

Inheritance: There are no inheritance taxes in Fiji.

Residents: Residents are taxed on their worldwide income at progressive rates. The first FJD9,000 (US$4,931) are exempt from taxation.

Read Taxes and Costs  »

BUYING GUIDE

Last Updated: Aug 09, 2006

Fiji's simple but slow transaction process

Freehold or land tenure is via the Torrens title land-registration system, with the title guaranteed constitutionally by the State.

The process of transferring title is relatively simple but slow. Buyers are required to fill out forms, submit police verification, and accomplish various other tasks such as paying duties. To have a sale finalized usually takes from 3 - 6 months.

Read Buying Guide  »

LANDLORD AND TENANT

Tenancy Laws

Research is ongoing.

ECONOMIC GROWTH

Last Updated: Sep 09, 2007

Ethnic tension in island paradise

Ethnic tensions flared up in 1987 between Fiji's two largest groups, indigenous Fijians and Indo-Fijians, descendants of laborers brought from India by British colonizers. This led to temporary international isolation.

Mixing between the two groups is minimal as they live separately on the two largest islands, Viti Levu and Vanua Levu. Informal segregation runs deep in almost all aspects of society.

In the 1987 coup indigenous Fijians overthrew the elected Indian-dominated coalition. In 2000, the country’s first ethnic Indian prime minister, his cabinet and several MPs were held hostage for several weeks.

This severely affected tourism, the country’s main source of foreign currency. The country is still very dependent on foreign aid.