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Get to Know About French Polynesia
French Polynesia is a group of islands in the South Pacific Ocean (between Australia and South America) and an overseas country of the French Republic. The total land area is 3,521 square kilometers with a population of 275,918. Most French Polynesians are Christians and speak French fluently. They use CFP franc (XPF) as their currency when buying goods and services. The country has a tropical climate (wet and dry seasons).
The Gross Domestic Product (GDP) in French Polynesia is worth 5.49 billion US dollars. Additionally, its GDP per capita is around $17,000. The Corporate Tax Rate varies from 30 – 40% which is not great for companies who are planning to put up their businesses within.
Doing business in French Polynesia is a little bit complicated. Anyone from a European Union country can stay for up to three months without a visa. Other nationalities need a visa, which can be applied for at French embassies. For those planning to do business in the country, residence permit, business permit, and other separated licenses must adhere respectively. Nationals who are not of French nationality, including citizens from any country that is part of the EU, looking for paid employment must be granted a work permit.
The challenges in French Polynesia include language barrier, country’s geographical location, limited reach (such as reliable internet connection and telecommunication) and some work/business-permit issues. It is difficult to work in French Polynesia unless you’re a pearl grafter, a Chinese chef or a banking executive.