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The Laws of Fiji

[IA 11,135] Reporting of foreign investment3 

3
(1) A foreign investor must register a business or a company in accordance with the Companies Act 2015.
(2) The Registrar of Companies must request a foreign investor for details regarding the foreign investor’s intended business activities and any foreign business ownership.
(3) The Ministry may access the Government Data Exchange Platform to extract relevant information about a foreign investor.
(4) A foreign investor must provide to the Ministry an update report on the investment activities within 3 months from the date of business or company incorporation.
(5) The report provided by a foreign investor under subregulation (4) must be made in a format as approved by the Ministry.
(6) Any foreign investor who contravenes this regulation commits an offence and is liable on conviction to—
  • (a)in the case of a natural person, a fine not exceeding $10,000 or imprisonment for a term not exceeding 5 years or both; and
  • (b)in the case of a body corporate, a fine not exceeding $50,000.