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Investment Fiji Hands Over Cheque To Ministry

Investment Fiji Hands Over Cheque To Ministry
From Left: Investment Fiji Chief Executive Officer Godo Müller-Teut hands over fees from Foreign Investment Registration Certificate approvals Permanent Secretary for Finance Filimone Waqabaca
August 08
09:46 2015

Investment Fiji Chief Executive Officer, Godo Müller-Teut handed a cheque amounting to $269,991.30 to the Ministry of Finance.

Permanent Secretary for Finance, Filimone Waqabaca received as fees from Foreign Investment Registration Certificate approvals for the period of January to April 2015.

During the first quarter Investment Fiji registered 108 foreign investments compared to 91 registered foreign investment projects for the same period last year.

“The 108 Foreign Investment Registrations are anticipated to generate additional employment of 1,473 at a proposed investment level of $315.4 million, and were primarily in the sectors of Services, Tourism, Wholesale, Retail and Manufacturing.” said the CEO of Investment Fiji, Mr. Godo Müller-Teut.

The increase in the number of FDI registration is a testimony on Investment Fiji’s great efforts to promote Fiji as the destination for investment and trade.

Very soon potential investors will witness registering to do business in Fiji even more seamless with the implementation of a Single Window Clearance System to be launched soon.

Mr. Godo Müller-Teut acknowledged the important contribution that foreign investors are making to our nation’s economy through job creation and increased prosperity in the community.

Also in the pipeline are reforms at Investment Fiji which will enable the organization to even better promote investment projects of large scale to foreign investors and promote Fijian products to the global arena. Investment Fiji is building a much deeper engagement with our investors.

Mr. Waqabaca said that he is pleased with the increase in the FDI registrations compared to last year and it is evident that investors have gained more confidence in the Fijian economy and the increase in the number of investors wanting to do business in Fiji is a prodigious feeling.

Investment Fiji has so far reimbursed a total of $1,005,527.78, to the Fijian Government in terms of FDI registration fee in the last 18 months.

 

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