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(Sep 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, http://www.ftib.org.fj/invest-fiji-foreign-act.cfm (last visited Sept. 22, 2008).)
|Author:||Lisa White More by this author|
|Topic:||Foreign investment More on this topic|
|Jurisdiction:||Fiji More about this jurisdiction|
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Last updated: 09/29/2008