In­vest­ment Fiji Col­lects $292,500 as FIRC Fees

Fiji Sun - - Business - Source: In­vest­ment Fiji

With the Fi­jian econ­omy poised for fur­ther growth, more in­vestors are ex­plor­ing op­por­tu­ni­ties to in­vest in Fiji Godo Mueller- Teut IN­VEST­MENT FIJI CHIEF EX­EC­U­TIVE OF­fi­CER

In­vest­ment Fiji has handed a to­tal of $292,500 in For­eign In­vest­ment Reg­is­tra­tion Cer­ti­fi­ca­tion (FIRC) Fees to the Min­istry of Econ­omy.

These fees were col­lected from Jan­uary to April this year.

Chief ex­ec­u­tive of­fi­cer Godo MuellerTeut says a to­tal of 117 FIRC ap­pli­ca­tions were re­ceived dur­ing this pe­riod.

Whole­sale and Re­tail, tourism, man­u­fac­tur­ing and agri­cul­ture sec­tors con­tin­ued to at­tract a large num­ber of in­vestors in the coun­try. “The month of March recorded the high­est num­ber of FIRCs re­ceived by In­vest­ment Fiji.

“In terms of the num­ber of projects reg­is­tered, a to­tal of 37 reg­is­tra­tions were re­ceived for the Ser­vices sec­tor fol­lowed by Whole­sale at 30, Tourism at 16, Agri­cul­ture and Forestry at 9 and Man­u­fac­tur­ing at 7,” Mr Mueller-Teut said.

For the same pe­riod last year, In­vest­ment Fiji re­ceived a to­tal of 132 FIRC ap­pli­ca­tions.

Mr Mueller- Teut said 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, Ms. Mak­ereta Kon­rote noted In­vest­ment Fiji’s ef­forts in at­tract­ing for­eign di­rect in­vest­ments in the coun­try, and en­cour­aged the agency to con­tinue to work col­lab­o­ra­tively with in­vestors.

Feed­back: maraia.vula@fi­jisun.com.fj

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