Vanuatu has no freehold land; all land is customary. Foreigners can obtain 75-year leases (the life of a coconut tree). In 2026, the Land Reform Act h... Read Moreas been tightened to require "Free, Prior, and Informed Consent" from all customary owners before a lease can be registered. For private islands, the lease must also be approved by the Minister of Lands. Closing costs include a 2% Stamp Duty and a 5% Registration Fee. Always verify that the "Lessor" is the legally recognized custom owner. Read Less