Investment Act No. 5 of 2021.
Country
Type of law
Legislation
Abstract
This Act lays down rules for contributing to an attractive investment climate in Fiji to increase investments; generating employment; ensuring sustainable and social development; promoting growth for the benefit of all Fijians; and providing equity for domestic and foreign investors with transparent, reliable, efficient and fair rules and procedures. To this end, this Act sets out provisions on the establishment and reporting obligations of foreign investors; duties, right and obligations of domestic and foreign investors; investment incentives; and dispute settlement. Section 15 underlines that both domestic and foreign investors have access to land according to written law, however a foreign investor may be subject to the Land Sales Act 1974 in relation to the sale, transfer or lease of land.
Attached files
Web site
Long title of text
An Act establish legal, social and economic principles for the development of investment activity in Fiji, define the rights, duties and responsibilities of domestic and foreign investors and for related matters.
Date of text
Entry into force notes
This Act enters into force on the day it is appointed by the Ministerial Order.
Repealed
No
Source language
English
Legislation Amendment
No
Implemented by