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Fiji: New Foreign Investment Regulations

(Sept. 29, 2008) Fiji has introduced new regulations regarding foreign investment that place restrictions on foreign investors participating in “restricted activities” (that is, investment activities subject to conditions, should non-Fijan investors wish to pursue them). While previously foreigners wishing to invest in restricted activities were regulated by a percentage of equity, they are now required to make minimum prescribed cash injections from FJ$50,000 – FJ$5 million (about US$157,000 – US$3.1 million), depending on the business activity. All foreign investors also must apply to the Fiji Islands Trade and Investment Bureau for a Foreign Investment Registration Certificate. The new regulations entered into force on July 11, 2008. (Foreign Investment Regulations 2008, Fiji Islands Trade and Investment Bureau (FTIB) website, (last visited Sept. 22, 2008).)