SUNBIZ

Government Receives $400k For Foreign Investment Registration Fees

Investment Fiji yesterday handed over another cheque to Government totalling $402,513.04 for Foreign Investment Registration Certificate registration applications. This was from the months of May to September this year. Investment
04 Nov 2015 12:29
Government Receives $400k For Foreign Investment Registration Fees
Investment Fiji chief executive, Godo Müller-Teut (left) hands over the cheque to Permanent Secretary for Finance, Filimoni Waqabaca.

Investment Fiji yesterday handed over another cheque to Government totalling $402,513.04 for Foreign Investment Registration Certificate registration applications.

This was from the months of May to September this year.

Investment Fiji chief executive, Godo Müller-Teut, handed the cheque to Finance Permanent Secretary, Filimoni Waqabaca.

“This brings the total amount of reimbursed Foreign Investment Registration fees to Government since January this year to approximately $672,504.34, which is a period of nine months,” Mr Müller-Teut said.

With respect to the handover, Mr Müller-Teut said the amount was made up of proposals received by foreign investors interested in setting up business in Fiji.

“A total of 159 project proposals were received by Investment Fiji for the period from May to September 2015,” he said.

“This was with a proposed total investment value of $392.44 million and proposed employment of 1668 jobs.

“These statistics surpasses those of the same period last year, where 108 proposals were received with proposed employment of 1287.

“The proposals Investment Fiji received from the beginning of the year to date are generally in the Services, Wholesale and Retail, Tourism, Manufacturing and Real Estate sectors.”

 

Sign of confidence

Mr Waqabaca thanked and acknowledged the gesture by Investment Fiji adding that it was a sign of confidence expressed by foreign investors.

“I thank you for this noteworthy contribution. It certainly is indicative of the positive assurance by our foreign investors of Fiji’s stable economy,” he said.

“It also demonstrates that foreign investors trust Fiji and its pro-business policies to set up business here, which means more jobs for Fijians.”

Feedback:  rachnal@fijisun.com.fj



Got A News Tip


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


WEET BIX
For All Fiji Sun Advertising
Fijisun E-edition
Subscribe-to-Newspaper