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Export Incentives
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Fiji is now poised for further growth. This is an opportune time for investors looking for a new business location to consider Fiji, particularly for export-oriented projects.
This section contains downloadable files highlighting the Fiji Government’s Investment Incentives Package introduced in January 2001. The main thrust of this package is to make incentives transparent, easily available, automatic and non-discretionary. It encompasses eight principles aimed at stimulating economic growth through increased investments:
• low tax rates
• income taxed only once
• low duty rate on production inputs, construction; and capital materials
• accelerated depreciation allowance
• investment allowances
• loss carry forward
• duty-free input for exports
• export income tax deductible
Foreign investment is welcomed when it introduces capital, management and technology and makes a contribution to Fiji’s economic and social development. Joint ventures are encouraged in order to stimulate local entrepreneurship. The real requirements for foreign investment are that they:
• Introduce adequate funds for their projects
• Pay a fair price for assets acquired locally
• Are generally expected to finance fixed assets from overseas sources
Loans to non-resident entities are available, subject to exchange control approval by the Reserve Bank of Fiji.
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