Investment Fiji sets focus to be a leading IPA

Investment Fiji sets focus to be a leading IPA

By Rusiate Baleilevuka
Tuesday 02/08/2022
[Photo: supplied]

Embracing on a new journey as an Investment Promotion Agency (IPA), Investment Fiji has committed itself to become one of the leading and an effective economic development agency, by ensuring increased sustainable levels of investment and exports.

While addressing the staff, Board Chairman, Jenny Seeto says as the organization settles into its new role, it is imperative to deliver high-impact results as an Investment and Trade promotion agency.

Investment promotion and facilitation and aftercare support are the key priorities for Investment Fiji.

Other changes as per the Investment Act 2021 and Investment Fiji Act 2022, include; foreign investor(s) will need to register in line with the Companies Act 2015 and register a tax ID, the investor(s) will no longer be required to have a Foreign Investor Registration Certificate, the foreign investor(s) must within 3 months bring into Fiji the minimum $300,000, and foreign investor(s) from all sectors that are not classified reserved and restricted; will have to meet the minimum threshold of $300,000 while remaining capital to be paid within a year of registration.

Investment Fiji in collaboration with the Ministry of Commerce, Trade, Tourism and Transport organized an investment seminar for Government officials and the representatives from the private-sector organizations in the central, northern and western divisions to update the stakeholders on the new investment legislations.

Chief Executive Officer, Kamal Chetty says the agency aims to provide a positive economic impact on the lives of Fijians through creating employment and providing premium investments and export markets.

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