INVESTMENT FIJI COLLECTS $102,513.76 AS FIRC FEES

Investment Fiji has handed a total of $102,513.76 in Foreign Investment Registration Certification (FIRC) Fees to the Ministry of Economy. These fees were collected from November 2019 to January 2020 period.

Investment Fiji’s chief executive officer Craig Strong says 41 FIRC applications were received during this period.

Services, Tourism, Agriculture and Forestry and Wholesale and Retail sectors attracted a large number of investments in the country. “In terms of the number of projects registered, a total of 19 registrations were received for the services sector followed by 10 for Tourism, seven for Agriculture and Forestry and six for Wholesale and Retail respectively being prominent sector registrations,” Mr Strong said.

Mr Strong says the overall number of FIRC applications received and projects registered for the various sectors is an indication of business activity taking place and investor confidence picking up.

“The month of December and November had peak number of projects registered with proposed employment of 186 for Tourism, 133 for Services, 80 for Wholesale and Retail and 66 for Education sectors to name a few,” Mr Strong said.

In terms of project location, 17 projects were registered for Suva and 12 for Nadi. Meanwhile, the Permanent Secretary for the Ministry of Economy, Makereta Konrote, noted Investment Fiji’s efforts in attracting the foreign direct investments in the country as Fiji battles against the spread of COVID-19 pandemic.

She added the COVID-19 Budget Response with added tax reforms and deductions provided by the Fijian Government aims to strengthen our existing businesses and incentivize new ones to take root.