This beautiful archipelago made up of 6 atolls and three reef islands, located in Polynesia, with a total area of just 26 square kilometers, has been a faithful combatant of great storms and continues its battle against the imminent ravages to which it is subjected due to the effects of climate change.

In spite of the innumerable weaknesses that could keep it from being an ideal jurisdiction for investment, the Government of Tuvalu has developed a series of possible scenarios to attract the eyes of investors to this island country, taking into account special legislation such as the Foreign Investment Act and the International Companies Act.

Tuvalu offers excellent areas in which feasible businesses can flourish:

o Fishing and seafood processing.
o There are opportunities in the development of hydroponics to counteract the shortage of fresh local vegetables and fruits and
o Tourism, although it has not been properly marketed due to the lack of adequate infrastructure, the natural beauties that are unique to it place it as an inimitable tourist destination that has not yet been exploited and represents a safe area for investment.

TUVALU: NO MONETARY AUTHORITY

In Tuvalu, there is no Central Bank. The only banking and financial services provider is the National Bank of Tuvalu, which is 100% owned by the Government, that has the power to accept deposits, make loans, conduct foreign exchange transactions, hold foreign accounts and government accounts.

Despite being a banking market with few local and international branches, the investor who is inclined to establish a banking, insurance, trust or reinsurance business is required to apply for a license to operate in those sectors.

The Tuvalu International Business Companies (IBC) is a business modality for foreigners that allows them to form a company quickly, conduct international business with Limited Liability and tax free and with the opportunity that its shareholders and directors can all be foreigners.

For more information on this topic or any requirement related to our services, you can contact us directly through info@fosterswiss.com