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Fiji Time: 12:41 PM on Sunday 20 April

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Online services to improve investments

Geraldine Panapasa
Friday, March 01, 2013

THE introduction of online technology is expected to improve services provided by Investment Fiji while removing impediments that hinder investments in the country.

In a statement, Investment Fiji chairman Truman Bradley said a common frustration for investors was usually the lack of communication from agencies back to the investment when requirements had not been fulfilled or decisions were not possible.

"This is understandable considering how busy each agency must be," he said at a workshop this week with Tier 1 and Tier 2 investment approving agencies.

The workshop discussed strategies to improve facilitation and implementation of foreign investment projects in Fiji.

Investment Fiji chief executive officer Ravuni Uluilakeba said the 2013 Budget was in favour of investors with incentives such as the extended Tax Free Zones, reduction in corporate tax rate and the waiver of the $250,000 paid up capital in the unspecified activity.

"We have the attractive incentives offered by the government; we feel it's time we provide user-friendly services to our investors. This year is looking favourable and we hope to continue with the same momentum."

Meanwhile, a 'Single Window Clearance Service' is expected to be implemented in April to enhance the service provided to a foreign investor.

Investment Fiji said the service would be provided by Pacific Technologies Limited in collaboration with Yalamanchili Software Exports Limited.