Investment Fiji embarks on a new journey
Investment Fiji’s transition into a fully-fledged Investment Promotion Agency, is an important milestone which will place the agency in a strategic position to attract efficiency-seeking investment and export for Fiji’s economic growth and prosperity.
Effective from Monday, August01, 2022, Investment Fiji will be mandated under the new Investment Act 2021 and Investment Fiji Act 2022.
As part of the transition, Investment Fiji will play an active role in promoting and facilitating both foreign and domestic investment and exports.
The organization will introduce new processes and services for investors and exporters, and will eliminate regulatory processes, including: Issuance of Foreign Investment Registration Certificate (FIRC), approval for any amendment or changes to FIRC and providing a progress report to the Fijian Department of Immigration to make business-registration easier.
Chief Executive Officer Kamal Chetty says the transition is a much-needed change to suit the global landscape and be able to leverage Fiji in the global platform as an investment and trade destination.
“With the global economic crisis in the last two years, it is imperative that we, as an organization stay above our competition to market Fiji as an ideal destination for investors and traders,” said Chetty.
“This will allow us to gain vital opportunities that will create employment, create economic prosperity and improve the livelihood of our people,” he said.
“However, with this transition, our role as investment monitoring and facilitation agency will change as we take on new services and processes and move away from what we previously used to do,” he added.
Investment Fiji will also provide policy advocacy and after care services, allowing investors to adjust to the investment environment.