IN­VEST­MENT FIJI COL­LECTS $102,513.76 AS FIRC FEES

Fiji Sun - - BUSINESS | FIJI SUN -

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.

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