Foreign Ownership To Top Agenda At Vanuatu Land Summit
Vanuatu is set to stage a summit to clarify the contentious issue of foreign
ownership of land within the jurisdiction. The four-day conference, entitled "Sustainable Land Management and Fair
Dealings to Ensure Progress with Equity and Stability," will commence on
September 25. At the summit, it is expected that the government will presents ideas that
would form the basis of a new policy concerning foreign land ownership in the
islands. Like other Melanesian territories, Vanuatu has a customary land tenure system
based on communal ownership. However, this land can be leased, and foreign investors
often take up these leases for extended periods of time. William Ganileo, Database Manager of the Ministry of Lands who is also the
Coordinator of the upcoming summit, told the Vanuatu Daily Post that the first
day of the conference will attempt to define who custom landowners are, customary
boundaries and the demarcation of tribal lands. Day two of the conference will focus on the "conceptualisation of value-traditional
versus western culture ideas of value" and the "desperation for fast
cash," Ganileo told the Post. A comprehensive report in our Intelligence Report series giving background tax and residence information on many of the key offshore jurisdictions is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report4.asp
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