Fiji Real Estate

Property Advice on buying Fiji Real Estate

You have found a property you wish to purchase in Fiji what next?

Buying Property in Fiji - Costs of Purchasing Fiji Real Estate

Fiji Property Buyer's Guide explains the legal fees, legal procedures, purchase taxes and mortgage procedure.

Foreigners are allowed to freely purchase apartments. Apartment living is not the normal way of living in Fiji, though there are some beach resort apartments.

If a Foreigner wishes to purchase Fiji Land then the following restrictions apply:

a) Fiji Land cannot be purchased without a residence permit or work permit.

b) Fiji Land Purchases of over 1 acre have to be approved by the Minister of Lands.

Fiji Real Estate owners must have the permission of the Fiji Trade and Investment Board (FTIB), to rent out their Fiji property but this is a formality which takes only 5 working days.

In Fiji freehold or land tenure is via a Torrens title land registration system with the title guaranteed constitutionally by the State.

The process of buying land in Fiji is straightforward but slow. Land titles are secure because Fiji freehold or land tenure is via a Torrens title land registration system with the title guaranteed constitutionally by the Fiji State. You will be required to fill out forms, submit a police verification that you have no criminal record, and do various other tasks such as paying duties. It usually takes from 3 - 6 months to have a real estate sale completed.

Rental Income on real estate: 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.

Capital Gains Tax: Fiji Government does not impose taxes on capital gains, but levies income tax on profits from the sale of land.

Inheritance Taxes: There are no inheritance taxes in Fiji.

Residents: Fiji Residents are taxed on their global income at lower progressive rates.

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These guidelines are meant for guidance only and describe a straightforward purchase scenario. However this information is not meant to replace proper legal advice, which we always insist you take.

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