How many employees does Wallis & Futuna have?

The employment rate is stable: 2,065 employees are registered on the books of the Wallis & Futuna social security office, including 60.6% public sector employees with, in addition, 381 government employees paying contributions to French social security offices. Wallis & Futuna has an essentially administered economy.

How is Wallis & Futuna based on economic data?

The Territory’s economic data is compiled each year in a report issued by the Institut d’Emission d’Outre-Mer (IEOM - central bank for French overseas territories). The Territorial Assembly has established priority sectors for Wallis & Futuna up to 2030, and is committed to ensuring strong backing for such sectors.

How to start a business in Wallis or Futuna?

Setting up a business in Wallis or in Futuna requires the following steps: publication of a notice in the Official Gazette; an entry in the Trade and Companies Register, which will issue the Kbis (Company Registration Certificate); registration at the License Office; and payment of fees to the Public Treasury.

Does Wallis & Futuna pay taxes?

Wallis & Futuna has an essentially administered economy. Estimated GDP in 2005 totalled 150 million euros, i.e. €10,100 per year per inhabitant. The monthly minimum salary (SMIG) is 90,000 XPF (750 euros). Wallis & Futuna falls under a specific tax regime, the main feature of which is that there is no income tax, corporate tax or capital gains tax.

What is a resource industry in Futuna?

The resource industry sector (agriculture, stockbreeding, forestry, and fishing) comprises 19% of businesses; arts & crafts production 12%; power and water production 0.5%; construction 11%; trade 31%, and other market services 28%. There are approximately 650 licensees in the Territory, 2/3 in Wallis and 1/3 in Futuna.

How much XPF does Wallis & Futuna pay per month?

The monthly minimum salary (SMIG) is 90,000 XPF (750 euros). Wallis & Futuna falls under a specific tax regime, the main feature of which is that there is no income tax, corporate tax or capital gains tax. Territorial revenue is primarily indirect tax-linked (customs duties) and totals 2.5 billion XPF per year (around 208 million euros).