Fiji Islands: Investing

FDI in Figures

The FDI inflows into Fiji have been improving during the last few years; however, due to the impact of the financial crisis in Australia and Singapore, Fiji Islands have been receiving less FDI.

Foreign investment in Fiji Islands is very controlled. Most of the transfers (including capital transfers) are subject to approval and limitations by the government. The government's policy, which grants tax concessions to multinational companies investing in Fiji, has not been properly applied. The acquisition of local companies by foreigners, though it is authorized, is not encouraged, foreign ownership of real estate must follow very complex procedures.

The tourism sector attracts the majority of investment. However, according to country’s 20-year development plan (2002 -2022), the sectors of bio-fuels, fishing, food processing, forestry (pine trees) and cattle farming must benefit the most. Australia, Singapore and Japan are the main investing countries.

	Fiji Islands	East Asia & Pacific	الولايات المتحدة	Germany
Index of Investor Protection	6.0	5.3	8.3	5.0

Source: Doing Business

Note: The Greater the Index, the Higher the Level of Investor Protection.

Foreign Direct Investment	2008	2009	2010
FDI Inward Flow (million USD)	313	114	129
FDI Stock (million USD)	1,925.6	2,014.7	2,256.0
Number of Greenfield Investments***	3.0	2.0	-
FDI Inwards (in % of GFCF****)	53.2	56.8	-
FDI Stock (in % of GDP)	53.5	70.1	-

Source: UNCTAD - Last Available Data

Note: * The UNCTAD Inward FDI Performance Index is Based on a Ratio of the Country's Share in Global FDI Inflows and its Share in Global GDP. ** The UNCTAD Inward FDI Potential Index is Based on 12 Economic and Structural Variables Such as GDP, Foreign Trade, FDI, Infrastructures, Energy Use, R&D, Education, Country Risk. *** Green Field Investments Are a Form of Foreign Direct Investment Where a Parent Company Starts a New Venture in a Foreign Country By Constructing New Operational Facilities From the Ground Up. **** Gross Fixed Capital Formation (GFCF) Measures the Value of Additions to Fixed Assets Purchased By Business, Government and Households Less Disposals of Fixed Assets Sold Off or Scrapped.

Tax Rates

VAT: 12.5%
Company Tax: 28%
Withholding Taxes: Dividends: 15%, Interests: 10%, Royalties: 15%.
Bilateral Agreement: The Fiji Islands and Egypt are not bound by a Double Taxation Agreement.
Social Security Contributions Paid By Employers: 8% (superannuation)

Investment Opportunities

Tenders, Projects and Public Procurement: Asian Developement Bank, Proposed Projects in Asia
DgMarket, Tenders Worldwide
Setting Up a Company: Consult Doing Business Website, to know about procedures to start a Business in Fiji Islands.
Useful Resources: Fiji Islands Trade and Investment Bureau (FTIB)

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