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.

Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Commonwealth Games 2022
98 athletes carry the hopes of the nation to the 2022 Commonwealth Games
4 days ago

2022-2023 National Budget Debate
The 2022/2023 National Budget Debate full coverage.
11 days ago

OFC Women’s Nations Cup: Fiji Kulas
The Digicel Fiji Kulas outclassed Solomon Islands 3-1 in a physical encounter in the OFC Women’s Nations Cup and secured a spot in the grand final ...
12 days ago
Some primary and secondary students roaming around in the Suva Bus Stand and the foreshore areas as late as 8pm
Some primary and secondary students continue to be seen in school uniform or sports gear after school hours, roaming around in the Suva Bus Stand and ...
3 hours ago
Report says Northern Division has the highest prevalence of child marriage
The Northern Division has the highest prevalence of child marriage, with 12 percent of women surveyed aged 20 to 49 years who first married or in ...
3 hours ago

Namulomulo is my forever home – Salote Radrodro
SODELPA MP Salote Radrodro is currently giving evidence in her trial and has stated that Namulomulo Village is her forever home. Radrodro is ...
7 hours ago

Tributes rolling in for Olivia Newton-John
Tributes have started rolling in for Olivia Newton-John who passed away earlier this morning. John Travolta paid tribute to his Grease co-star on ...
7 hours ago

Aman Ravindra-Singh to be sentenced on Monday
Lautoka lawyer, Aman Ravindra-Singh will be sentenced on Monday. This is after his application for a order for a permanent stay in the committal ...
7 hours ago

No new $0.88 numismatic banknotes will be entering into circulation
The Reserve Bank of Fiji says the newly-announced $0.88 numismatic banknote is among the hundreds of non-circulation numismatic currency that the RBF ...
8 hours ago