Legal Issues and Immigration to the Fiji Islands
A move to a foreign locale can seem like a daunting task. For those who are seeking the adventure of either relocating for their retirement or wanting a second home in the island, it is recommended to use the services of a professional company that can assist with all aspects of the purchase of property, immigration and moving logistics. The Taveuni Development Company has been in the business of assisting overseas buyers and investors for more than 17 years in the Fiji Islands.
Property Ownership:
Fiji freehold land (about 9% of the exiting landmass) is available for outright purchase through reputable sellers. This land can bought and sold by overseas buyers as individuals or can be put into trusts or companies. Free and clear titles are available for all properties, and the Fiji Lands Department monitors all sales of property in Fiji.
Incentives for Retirees and Overseas Investors in Fiji (2009)
A residence permit on assured income may be issued to a person who has assets, realizable to the satisfaction of the Director of Immigration, outside the Fiji Islands at his/her disposal of an amount sufficient to ensure that he/she will not become a charge on public funds. Permits in this category are normally issued to people who are not likely to apply to work in the Fiji Islands. They may invest in any business venture approved by the Fiji Islands Trade and Investment Bureau.
The policy on residence permit on assured income is as set out below:
* the principal applicant must be at least 45 years of age and carry health insurance; should have an assured income and should not seek employment in the Fiji Islands; must deposit a sum of $100,000.00 in a resident account of a local bank upon approval of the application; or purchased a property in the Fiji Islands, the sum of F$100,000.00 may be waived, however documentary proof of the purchase and value of property is required;
* an additional F$30,000.00 for a family of two (2) or F$40,000.00 for a family of up to five (5) members must be deposited annually in the resident account of a local bank; and
* the permit holder must obtain clearance from the Immigration Department for any repatriation of funds out of the country before the application is considered by the Reserve Bank of Fiji. Source: (Fiji Immigration)
Working in the Fiji Islands:
If you feel like you are missing work, you can start a business in Fiji. Foreigners are allowed to start certain businesses by themselves, for certain other a Fijian partner is required. For more information, contact the Fiji Investment Bureau.
