SUNBIZ

MORE THAN HALF A MILLION DOLLARS COLLECTED AS FIRC FEES

Investment Fiji has collected $510,000 as the Foreign Investment Registration Certification (FIRC) Fees within the last five months of 2017. The organisation has now handed over this sum to the
12 May 2018 11:05
MORE THAN HALF A MILLION DOLLARS COLLECTED AS FIRC FEES

Investment Fiji has collected $510,000 as the Foreign Investment Registration Certification (FIRC) Fees within the last five months of 2017. The organisation has now handed over this sum to the Ministry of Economy.

Investment Fiji Chief Executive Officer, Godo Mueller- Teut says 204 FIRC applications were received from August to December last year. Wholesale and Retail, tourism, manufacturing and agriculture sectors continued to attract large number of investors in the country.

“The month of November recorded the highest number of FIRCs received by Investment Fiji. Throughout 2017, Investment Fiji received a total of 448 FIRC applications, collecting more than $1.1m in fees. This represents more than 14 per cent increase in FIRC applications received in 2016,” Mr Mueller- Teut says.

Mr Mueller- Teut says increase in the number of FIRC applications received is an indication of strong investor confidence in the Fijian economy.

“With the Fijian economy poised for further growth, more investors are exploring opportunities to invest in Fiji”, he said.

Meanwhile the Permanent Secretary for the Ministry of Economy, Makareta Konrote has applauded Investment Fiji’s efforts in attracting the foreign direct investments in the country.

Investment Fiji

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