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We raised a shade under one thousand pounds for our charities this year so far.

 

Cheques will go to the Children's Ward at the CWM Hospital in Suva, Fiji, and to the St Luke's Hospice in Kenton Grange, Kenton, Harrow. 

 

Over the years the Club has donated funds and equipment to:

 

The Red Cross, Fiji

 

Great Ormond Street Hospital for Sick Children

 

The CWM Hospital

 

Lord Treloars Trust

 

Tamavua Rehabilitation Centre

 

The Diabetic Society of Great Britiain ....... etc.

 

 

 

                   Photo: Jeremy Chandar

 

Sponsored Walk group at the Ruislip Lido. 4/9/2010

 

Fiji Cultural & Social Club

 -   London

 

 

INVESTING IN THE FIJI ISLANDS

 

 

".....Strategically located in the heart of the South Pacific region, Fiji offers a cost-competitive location for investors intending to set up offshore operations for the manufacture of advanced technological products for regional and international markets.

 

Fiji has today become an export-driven economy spurred by high technology, knowledge-based and capital-intensive industries. 

 

There are numerous opportunities in the traditional economic sectors as well as in rapidly emerging sectors like ICT and integrated resort development.

 

Fiji has a proven record in attracting investors from all over the world, many of whom have re-invested in multiple projects and are still operating in Fiji.

 

Being a market-oriented economy and supported by pro-business Government policies, Fiji offers investors a dynamic and vibrant business environment through the efficient regulatory environment, a highly skilled and multi-lingual workforce and a culture of innovation. 

 

Fiji boast an unspoiled environment of  pristine beauty and is a nature lover’s delight. Located at the crossroads of the Pacific, Fiji is the exotic melting pot of cultures of Fijian, Indian, Chinese, South Sea Islanders and European settlers.

 

Over the years, Fiji has secured its place as a truly advantageous, safe and business-friendly location of unparalleled quality for ALL investors. The country is poised for further growth as it is the major business hub in the Pacific Region.........."
 

Investment incentives are available to investors in the Fiji Islands to stimulate growth, employment, and export creation.

 

The facts here are as offered in the budget for 2008.

 

Income Tax

 

The corporate income tax rate for resident and non-resident companies is currently maintained at 31% except for the following companies that enjoy the following rax rates:

 

Some companies enjoy a lower rates for example, mutual insurance companies in respect of life insurance business attract 30% and non-resident shipping companies pay 2%.

 

No Witholding  Tax on Dividends

 

is payable on dividends provided these are distributed to the shareholders after a company,s profits are fully taxed at corporate levels.

 

Export Income Deduction

 

"Export income" means net profits derviced by a taxpayer from the business of exporting goods and services but excludes re-exports. The export income deduction will only be allowed if the Commissioner of Inland Revenue is satisfied that the export earnings will be remitted in Fiji.

 

Investment Allowances

 

A business entity or taxpayer may claim as a deduction investment allowance of 40% of the purchase of capital assets  of not less than $50,000 per annum. The capital assets do not include land, buildings, passenger motor vehicle or trading stock. Such investment allowance can be claimed between 2001 and 2008 (inclusive) for the expenditures incurred during this period.

 

In addition, interest on loans for projects implemented under the Cotonou Agreement will be exempt from tax.

 

Industry Specific Incentives Available for the following Industries:

 

  • Tourism Related Investment
  • Mining Industries (New)
  • Film Making and Audio Visual Incentives
  • ICT/IT Incentives
  • Ship Building Industry
  • Fishing Industry
  • Agriculture
  • Manufacturers
  • Logging and Saw Milling Operations
  • Bus Body Building Industry
  • Small and Micro Enterprises (SME's)

 

  • Other Incentives Available:
  • Double Taxation Agreement
  • Pensions Earned by Non-residents
  • Employment Taxation Scheme
  • South Pacific Stock Exchange (Listing Costs)
  • Tax Deductions for Sports Sponsorship
  • 150% Tax Deductions on Retained Earnings

 

FOR FULL AND DETAILED INFORMATION REGARDING INCENTIVES AVAILABLE TO INVESTORS, PLEASE CONTACT

Fiji Islands Trade & Investment Bureau:  info@ftib.org.fj   - or visit : www.ftib.org.fj

 

or call the Fiji High Commission (London)  on +44207 584 3661; or email: mail@fijihighcommission.org.uk

 

 

 

Fiji Illustrated

 

 

Kava root in preparation for ceremony

 

 

 

 

"Bilo" to serve the Kava

 

 

 

 

The ceremonial Kava is prepared and served from a Tanoa.

 

 

 

 

Modern Suva City

 

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