Run your business on Norfolk

Established Business. From time to time it is possible to buy an established business.

To live here permanently and obtain income tax-free status, government policy requires you to be self-sufficient, so you will probably need to purchase a business as well as a house.

Buy A Tourist Business on Norfolk Island:

This can be financially rewarding for many. Bookings are made in advance so there are no walk-ins to wait up for, non plane days afford you an enviable level of flexibility and leisure time, you can choose whether to maintain the property and housekeeping yourself or employ people to assist you and the competition is limited (the Norfolk Island government keeps strict control on tourist bed licences and no more are currently being offered). It may interest you to learn that all visitors to Norfolk Island are required by law to stay only in licensed tourist accommodation (naturally, family members and friends are exempt) and tourism forms the main basis of the island's economy.

From an investment point of view, you can reasonably expect strong returns with yields on tourist accommodation businesses on Norfolk Island generally in excess of 10% - income tax free if you're resident on the island. Owning and operating a tourist accommodation business can form part of a General Entry Permit application. There are a range of options from a single one-bedroom cottage to a five or six unit complexes. If you're considering an entry level option, you will be required to provide details of your independent financial income as part of your GEP (general Entry Permit) application, a medium to large complex will meet the GEP criteria on its own financial merits.

This may be Your Chance to Change your Lifestyle!