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Last Updated: Sep 09, 2007

Fiji has limited land, and is not
open to foreign ownership



The 333 islands of Fiji (pop. 854,000, GDP/cap US$3,415) are a top destination for tourists. In the olden days Fiji was known as The Cannibal Isles and carefully avoided by mariners because of its fierce warriors, treacherous waters and the natives’ cannibalism

Now people come in their thousands to dive and swim. Fiji has a coolish heat, but is very humid. Fiji imposes certain restrictions on land purchases. Foreigners must obtain a residency permit and/or work permit. If the land to be bought is bigger than 1 acre (approx. 4,000 sq. m.), the purchase is subject to the approval of the Ministry of Lands.

Foreigners are not allowed to rent out their properties, except through a corporation. However, under the Foreign Investment Act 1999 real estate management and development are restricted activities, and the company must be at least 51% owned by Fiji citizens.




RENTAL YIELDS
Last Updated: Jan 01, 1970


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: May 05, 2017



Rental Income: Net rental income of nonresidents is taxed at a flat rate of 20%. Nonresidents are entitled to some allowances.

Capital Gains: Capital gains tax is levied at a flat rate of 10%.

Inheritance: There are no inheritance taxes in Fiji.

Residents: Residents are taxed on their worldwide income at progressive rates, from 7% to 20%. The first FJD16,000 (US$8,000) are exempt from taxation.

Read Taxes and Costs  »



BUYING GUIDE
Last Updated: May 05, 2017



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
Last Updated: Jan 01, 1970


Tenancy Laws

Research is ongoing.

Read Buying Guide  »



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.







  • Simple but slow buying process
  • Serious ownership restrictions
  • Generally high taxes
  • Ethnic tensions, weak economy
RESIDENTIAL PROPERTY FACTS
Price (sq.m): n.a. For a 120 sq. m. property, usually an apartment.
Rental Yield: n.a. For a 120 sq. m. property, usually an apartment.
Rent/month: n.a. For a 120 sq. m. property.
Income Tax: 14.00% Assumptions: Owners are a non-resident couple drawing US$ / €1,500 per month in rent, with no other local income.
Roundtrip Cost: 3.00% The total cost of buying and then reselling an apartment. Includes:

* all transaction taxes and charges:
* lawyers' and notaries' fees
* agents' fees

Assumptions: The buyers are non-resident foreigners. The apartment cost US$250,00 / €250,000.
Cap Gains Tax: 10.00% Assumptions: The property was bought for US$250,000 / €250,000, and sold 10 years later, after a 100% appreciation.
Landlord and Tenant Law: Neutral Rating is based on a detailed study of each country’s law and practice.

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