OPINION
By RAVUNI ULUILAKEBA
Investment Fiji CEO
(This is one of the series of monthly articles from Investment Fiji which will be published by the Fiji Sun. It is aimed at creating awareness on how to invest in Fiji.)
Investment Fiji CEO Ravuni Uluilakeba
In this segment’s Investment Tips from Investment Fiji, we share information on Investment Opportunities made accessible to those interested in making Fiji their investment destination.
The Government constantly provides support and encouragement to investors by expediting the process of establishing a business in the country and by opening greater windows of opportunities.
With the abundant resources available in Fiji, there is limitless potential for major income earning sectors that can further grow and expand.
We assist our local producers in reaching out to the international market to actively promote and market their goods and services.
We also work closely with potential investors by providing information and assisting them during the investment making process, to assure investors monetary security and sound decision making.
Fiji is known world-wide for her beautiful natural surroundings and warm Fijian hospitality provided in our tourism industry.
This together with our friendly business environment provides investors a profitable and lucrative market to invest in.
Hence, in this month’s Investment Tips, we share with you the incentives that are available in the tourism sector, one of Fiji’s largest income earning sectors.
Investing in the sector
Under the 2009 Foreign Investment Regulations (FIR), Tourism Sector has few requirements that needs to be met by the investors should they wish to undertake the following activity that is listed below.
Tourism (Cultural Heritage)
Any activity involving investment in the cultural heritage of Fiji must have at least $500,000 in owner’s contribution or paid-up capital for companies in the form of cash from the operational date, to be fully brought into Fiji within the implementation period.
The 2013 budget announcement has made it easier for investors to invest in this sector as the minimum requirement of $250,000 has been waived. Investors can invest any amount of money into this sector.