Fiji offers many opportunities in the traditional economic sectors as well as in rapidly growing sectors like ICT, Manufacturing, Tourism, Mining, Food Processing, Services and Resource-based sectors, to name a few.
How to Invest in Fiji
The Foreign Investment Act (FIA) 1999 and Foreign Investment (Amendment) Act 2004 lay down the guidelines by which a foreign investor can invest in Fiji. There are 20 Articles in the Foreign Investment Act 1999 and Foreign Investment (Amendment) Act 2004.
Foreign investors are required to carefully study (Checklist):
– the list of Reserved Activities
– the Restricted Activities
– application for Foreign Investment Registration Certificate
Steps to Investing in Fiji
Prior to the commencement of the business, a foreign investor will be expected to apply for and obtain approval from the following agencies:
- Reservation of Business name from Registrar of Companies.
- Investment Fiji for Foreign Investment Registration (FIRC)
- Department of Immigration for work permits
- Registrar of Companies Office for the registration of the business
- Fiji Revenue & Customs Authority for the registration of Tax and Vat
- Reserve Bank of Fiji for the issue of capital
- Local town/city councils for business license to operate in the respective area
- Fiji National Provident Fund for registration of the workers
For detailed information, visit Investment Fiji Website http://www.investmentfiji.org.fj/