160 foreign investment applications
July 9, 2016 8:06 pm
160 foreign investment applications have been received by Investment Fiji up until June.
Chief Executive Godo Müller-Teut says 20 of these companies have already started operations.
However, there is a certain amount of laxity in terms of the investor informing the authorities of its progress.
“We usually get the declarations sometimes one or two years later – usually when immigration requires visa renewals. That’s when we suddenly realize that a company that was registered in 2013, commenced in 2014 but we didn’t hear about it until 2015.”
Muller-Teut adds that Investment Fiji is working on different data flows to understand the real input and how long it takes applicants to set up their business.