22 May 2008

Fiji investment regulations modified

6:16 am on 22 May 2008

Fiji's investment regulations have been modified, after a review was carried out.

Fiji's Interim Industry, Tourism, Trade and Communications Minister informed the Cabinet yesterday, that eight changes have been made to the Fiji Investment Regulations 2005.

Bakeries, backpacker operations, nightclubs and liquor bars are now on the 'Reserved List', veterinary services has opened up, and boat building, tobacco production and laundry cleaning has been added to the 'Restricted List'.

The cost of a new Foreign Investment Registration Certificate has risen from F$14 to F$2500.

Fiji Live online reports the minister, Tom Rickets saying the main reason for the review of the regulations was to improve foreign investment conditions.