Vanuatu Emigration for Canadians

Budget and Cost of Living:

Vanuatu offers a moderate to cheaper cost of living compared to Canada and the USA. Rent for a one-bedroom apartment ranges from $900 to $1,500 USD per month, depending on whether it’s in the city center or outside. A three-bedroom apartment costs about $2,500 to $2,600 per month. For those looking to purchase property, the price per square meter in the city center is around $1,500, and outside the city center, it’s approximately $750

Climate:

In Vanuatu there are two seasons, wet (November to March) and dry (April to October). While it rains in both seasons, you can expect vast downpours in the wet seasons.

Weather:

Tropical climate with temperatures ranging from the low 80s in the north to the upper 90s in the south.

Safety:

Fiji is very safe however petty theft and house break-ins are common in Fiji. Many residents invest in home security systems​.

Nightlife:

Vanuatu offers a more reserved nightlife compared to other destinations. However, if you look for it, you will find it. For example, some Canadians have told us they fell in love with the Banyan Beach Bar where they’ve also found other expats.

Healthcare Access:

Hepatitis B vaccination is recommended, indicating some health risks on the islands. Access to hospitals and pharmacies in Vanuatu is somewhat limited, especially when compared to more developed countries. The country’s healthcare infrastructure primarily consists of four provincial hospitals and two referral hospitals. The two major referral hospitals are located in Port Vila (Central Hospital) and Luganville (Northern District Hospital). In addition to these, there are health centers and clinics spread across the islands providing a range of services including preventive medicine, inpatient and outpatient care, and primary care. There are about 100 active dispensaries in the country

Language:

English, French, and Bislama are spoken; language should not be a barrier.

Political Stability:

Vanuatu is generally considered to have stable politics, particularly in comparison to some other countries in the region. The nation operates as a parliamentary democracy and has a history of peaceful transitions of power through democratic elections. However, like any country, it experiences its own political dynamics and occasional challenges.

Beach Score:

Vanuatu is known for its beautiful, palm-lined beaches, which are a major attraction for expats​ and will be a massive treat for any Canadian.

Nature Score:

The country’s natural beauty, including rain forests, volcanoes, and lagoons is highly praised.

Natural Disasters:

Other than a small chance of volcanic eruption, there is a chance of hurricanes and tsunamis. Although all three are very rare here making it a relative safe haven in the Pacific.

Economic/Job Opportunities:

Vanuatu is a haven for offshore investment companies, but specific job opportunities for foreigners in the local economy are lacking.

Shopping and Grocery Access:

Monthly expenses for food and groceries typically range from $100 to $300 USD for a family of four. Local markets offer fresh produce at reasonable prices.

Cost of WiFi/Data Score:

In Vanuatu, the cost of data and WiFi can vary depending on your usage and the service provider you choose. For those looking for mobile internet access, there are two main mobile network providers in Vanuatu: Digicel and Telecom Vanuatu Limited (TVL).

Digicel offers a 30-day data plan that provides 10GB of data for 3,000 Vatu (approximately $27 USD). TVL also offers similar data plans at comparable prices. If you are a light internet user, both providers offer daily and weekly plans with smaller data allowances. These options are useful for staying connected, especially in areas where WiFi is not readily available. Furthermore, their prices are cheaper than in most western countries.

Please note, internet speeds are not the fastest here.

Pharmacy Access:

Pharmaceutical products in Vanuatu are all imported, as there is no local pharmaceutical industry. Pharmacies are primarily located in urban centers and at missionary clinics. These pharmacies are often small and may not be well-stocked, so it is advisable for visitors and expatriates to bring adequate supplies of any necessary medications.

Cryptocurrency Acceptance

Fun fact, off the coast of Vanuatu’s Espiritu Santo Island, a development is being created called of Satoshi Island which is a haven for people who want to live exclusively in a digital world. This ‘crypto-city’ is designed to operate entirely on digital currency, embracing a true crypto-lifestyle. This project has received the endorsement of the Vanuatu Prime Minister, Bob Loughman, and is expected to bring significant benefits to Vanuatu, including employment opportunities and investment in local infrastructure like hospitals and schools.

The growing demand for cryptocurrency in Vanuatu is noticeable, with the government recognizing it as a legitimate means of payment and investment. This has attracted crypto businesses and entrepreneurs to the country, providing locals with more access to digital assets. The local adoption of cryptocurrency is also increasing, especially for faster and cheaper cross-border transactions and as an alternative investment option for locals who may not have access to traditional financial services

Bank Safety:

Vanuatu’s financial system is well-served by several banks, with 11 licensed to operate in the country. The Reserve Bank of Vanuatu acts as the primary monetary authority and regulator of financial institutions, ensuring the stability and security of the banking sector. Major credit cards are accepted all over the islands. Vanuatu is known as a safe haven for keeping money.

Public Transportation and Infrastructure:

Public transport is moderate but less developed than Western infrastructure. Commuting is quite affordable with local bus fares around VUV 150 for a one-way ticket.

Cultural Activities and Events:

Rich cultural heritage with festivals and traditional activities.

Social Integration & Community Support:

In Vanuatu, community life plays a central role, and expats can expect a warm welcome. Participating in community events and local gatherings is a great way for expats to integrate and understand the local culture.

Taxation and Financial Incentives:

Vanuatu offers a favorable tax regime for expats, with no personal taxation, capital gains tax, wealth taxes, inheritance, gift, or income taxes.

Real Estate Affordability and Availability:

In conclusion, Vanuatu’s real estate market offers a stable environment with growth potential, making it an attractive option for property investment, especially for foreigners. With favorable laws, diverse property options, and investment incentives, it’s a compelling market to consider.