Good Reasons to Invest in Fiji
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Tweet this page1. A regional and global hub. Fiji is the centre of trading in the South Pacific for the South Pacific-Asia region. Fiji is not only the centre of trade, but has transformed into a hub for global communications and transportation (shipping and air travel) routes;
2. Offering a package of trade and investment incentives including duty concessions, investment allowances, tax exemption and tax free regions;
3. Low Corporate Tax Rate of 28%;
4. A Government which welcomes and supports local and foreign investment, within its overall objectives of growing the various sectors of Fiji’s economy and enticing new, and retaining existing, investors by providing them with tax and other incentives to boost their businesses;
5. State of the art telecommunication infrastructure that provides links through fibre optic cable connections to the rest of the world;
6. A well developed infrastructure, including electricity, water supply and internal communications;
7. Availability of land at reasonable rates for factory and building construction;
8. Well developed banking and financial institutions providing full financial services;
9. Fast registration of foreign investment projects;
10. Well educated workforce with a literacy rate of 93.7%;
11. Good health and medical facilities including a modern private hospital and medical centres; and
12. Fiji is signatory to various trade agreements, frameworks and memoranda of agreement. This allows for better market access and provides a conducive investment climate and opportunities with other countries. The trade agreements are as follows:
? Bilateral Trade Agreements
The non-reciprocal bilateral agreements that Fiji had with Tonga, Vanuatu, Papua New Guinea, and Cook Islands have expired, however, Fiji is undertaking national consultations with Pacific Island Countries - such as the Cook Islands - to renegotiate bilateral agreement(s). Fiji is also negotiating a renewed non-reciprocal bilateral trade agreement with Tuvalu.
• Regional Trade Agreements which includes the Melanesian Spearhead Group (MSG) Trade Agreement with PNG, Vanuatu and Solomon Islands; South Pacific Regional Trade & Economic Cooperation Agreement [SPARTECA]; Pacific Island Countries Trade Agreement [PICTA];
• Multi-lateral Trade Agreements where Fiji is signatory and member of the World Trade Organisation (WTO), since 14 January 1996.
• Framework Agreement which includes the Fiji-Australia Trade and Economic Cooperation Agreement [FATERA]; Pacific Agreement on Closer Economic Relations [PACER]:
• Fiji has established Memoranda of Agreement with India and China - The bilateral agreement on agriculture was signed with China in August 2005. In addition, to promote collaboration in the field of transport infrastructure development and civil aviation, a Memorandum of Understanding (MOU) was later signed between Fiji and China in 2006. Additionally, a MOU was signed between India and Fiji in 2005 and the two countries had agreed to reactivate the MOU in late 2008. Under this MOU, India had made a commitment to assist Fiji in developing the ICT industry in Fiji.
2. Offering a package of trade and investment incentives including duty concessions, investment allowances, tax exemption and tax free regions;
3. Low Corporate Tax Rate of 28%;
4. A Government which welcomes and supports local and foreign investment, within its overall objectives of growing the various sectors of Fiji’s economy and enticing new, and retaining existing, investors by providing them with tax and other incentives to boost their businesses;
5. State of the art telecommunication infrastructure that provides links through fibre optic cable connections to the rest of the world;
6. A well developed infrastructure, including electricity, water supply and internal communications;
7. Availability of land at reasonable rates for factory and building construction;
8. Well developed banking and financial institutions providing full financial services;
9. Fast registration of foreign investment projects;
10. Well educated workforce with a literacy rate of 93.7%;
11. Good health and medical facilities including a modern private hospital and medical centres; and
12. Fiji is signatory to various trade agreements, frameworks and memoranda of agreement. This allows for better market access and provides a conducive investment climate and opportunities with other countries. The trade agreements are as follows:
? Bilateral Trade Agreements
The non-reciprocal bilateral agreements that Fiji had with Tonga, Vanuatu, Papua New Guinea, and Cook Islands have expired, however, Fiji is undertaking national consultations with Pacific Island Countries - such as the Cook Islands - to renegotiate bilateral agreement(s). Fiji is also negotiating a renewed non-reciprocal bilateral trade agreement with Tuvalu.
• Regional Trade Agreements which includes the Melanesian Spearhead Group (MSG) Trade Agreement with PNG, Vanuatu and Solomon Islands; South Pacific Regional Trade & Economic Cooperation Agreement [SPARTECA]; Pacific Island Countries Trade Agreement [PICTA];
• Multi-lateral Trade Agreements where Fiji is signatory and member of the World Trade Organisation (WTO), since 14 January 1996.
• Framework Agreement which includes the Fiji-Australia Trade and Economic Cooperation Agreement [FATERA]; Pacific Agreement on Closer Economic Relations [PACER]:
• Fiji has established Memoranda of Agreement with India and China - The bilateral agreement on agriculture was signed with China in August 2005. In addition, to promote collaboration in the field of transport infrastructure development and civil aviation, a Memorandum of Understanding (MOU) was later signed between Fiji and China in 2006. Additionally, a MOU was signed between India and Fiji in 2005 and the two countries had agreed to reactivate the MOU in late 2008. Under this MOU, India had made a commitment to assist Fiji in developing the ICT industry in Fiji.
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