Business For Sale Wallis and Futuna

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Business For Sale Wallis and Futuna

Things to Know About the Business for Takeover Wallis and Futuna

Wallis and Futuna is a French Island collectivity in the South Pacific Ocean. The nearest territories are Tuvalu, Fiji, Tonga, Samoa, and Tokelau. Wallis and Futuna covers a total area of 142.42 square kilometers and is home to 11,558 people (2018 census).

Being a French Island collectivity, the island is a part of France but has a territorial assembly. This means that the laws are of France, but there are some customary laws exclusive to Wallis and Futuna. The capital is Mata-Utu, and the weather ranges from hot and rainy from November to April to dry skies between May to October. There is a lot of rain on the island, but only five percent of the land is arable.

Agriculture is the biggest economic driver in Wallis and Futuna. Plantation of coconuts and vegetables, as well as livestock farming, are the main occupations of locals. Additionally, fishing brings a lot of revenue to the island; selling fishing rights to counties such as Japan and Korea have been very beneficial for Wallis and Futuna. Handcrafts, bananas, copra, chemicals, and fishes are some of the biggest exports.

Doing business in Wallis and Futuna is not a choice for many, owing to the isolation and small market reach. However, fishery and agriculture have some potential, along with a business related to import/ export. So, you might explore these areas to make something for yourself.

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