Property for sale in Kiribati

1/ Capital: South Tarawa

Is the official capital of the Republic of Kiribati on Tarawa Atoll. The meaning of Teinainano is "down of the mast", alluding to the sail-shape of the atoll. The South Tarawa population center consists of all the small islets between Bairiki (on the west) to Temaiku/Bonriki on the east.

2/ Country: Kiribati

Is an island nation located in the central tropical Pacific Ocean. It is composed of 32 atolls and one raised coral island dispersed over 3,500,000 square kilometers (1,351,000 square miles) straddling the equator and bordering the International Date Line to the east.

3/ Property for sale in Kiribati

Successive governments of Kiribati have proclaimed an interest in attracting direct foreign investment, and the current national development strategy identifies economic development as a principal goal. Kiribati has established the administrative infrastructure to facilitate investment, but it has to date not succeeded in attracting significant numbers of foreign investors.

Kiribati has no history of expropriating foreign investment property. The Foreign Investment Act provides investors the same guarantees against expropriation and deprivation of property accorded citizens under the national constitution. Property may only be expropriated by authorities in the interests of public defense, health and safety, or planning and development.