With Fiji having both low levels of inflation and positive GDP growth since 2012. There has been a sharp rise in confidence of the domestic private sector and foreign investors with new bank lending for investment purposes rising consistently. Fiji is also the regions foremost trading hub with excellent shipping routes across the Pacific Islands. Fiji has $11 billion worth of road infrastructure and 1,200 bridges, 47 jetties, 5 commercial ports, 25 local and 2 international airports.
Fiji has a business friendly tax structure that supports innovation and investment with 20% corporate tax and a lower rate of 10% for companies listed on the South Pacific Stock Exchange. The Fijian Government has announced a number of incentives and pro-growth policies to attract investments and encourage economic growth that is stable and sustainable. Government plans to increase per capita income by fourfold over the next 20 years.
The Government of Samoa welcomes investment from China particularly in the areas of Tourism (Hotel and Resort Development), Fisheries (Loining and canning factories, trans-shipment facilities etc), Food Processing (Taro, Noni Juice/Fruit, Cocoa), Coconut Industries (Coconut Milk, Coconut Oil), Agriculture Farming and Aquaculture.
The Government of Samoa assist to duties and taxes. Such as Duty Exemption for Tourism Manufacturing and Aviation, Hotel Income Tax Exemptions.
The Government of Cook Islands welcomes and encourages local and foreign investment with attractive Life-style in a relaxed and safe environment, developed infrastructure for business, quality housing for expatriate staff and good health and education services. There is no Foreign Exchange Controls, free to repatriate capital and profits. No Wealth Tax, Gift Tax, Property Tax, Capital Gains Tax or Death Duty Tax, with Income Tax (company) 20% for residents, 28% for non residents, 15% Value added Tax, 15% Withholding Tax – Foreign pay-outs. Cook Islands also has sophisticated telecommunication links with the rest of the world and almost daily air services to New Zealand, Australia and the USA.
New initiatives and essential reforms have been undertaken as part of the Vanuatu Government's commitment to improving the country’s attractiveness for private investors and encourage greater investment in rural areas. Vanuatu has widespread government support for tourism development, high demand for internationally branded, upmarket accommodations, supportive business environment and a top performer in doing business rankings, continuous government improvements in tourism infrastructure and distribution systems and easy access to international points of entry.
The government of Solomon Islands considers the private sector to be the engine for economic growth and development. The government offers incentives to new investors, including tax holidays and duty exemptions on the import of certain capital goods, and are granted at the discretion of the Minister of Finance.
Key sectors of investment includes Tourism Development, Fishing & Fish Processing, Food & Agribusiness, Commercial Livestock Farming, Timber Processing & Manufacturing, Mineral Prospecting and extraction, Infrastructure, Transport & Telecommunication Services, etc.
A tax reform programme is being implemented with the objective of enhancing the effectiveness and transparency of the tax administration and fostering the development of a fair business environment. Under the new taxation system, emphasis is being moved from trade to internal taxes. The new system will be based on a small number of broad-based taxes.
FSM presents a number of truly remarkable competitive and comparative advantages for potential investors; this explains why Americans, Australians, Brazilians, Chinese, Europeans, Indians, Japanese, Filipinos, South Koreans, and other nationalities have chosen, and continue to choose the FSM as their next investment destination.
FSM has lots of incentives policies such as Low and simplified tax system with no export taxes; Flexible labor market conditions and young labor force; The possibility of long-term lease contracts for land; Duty-free access to the US market for almost all products originating from the FSM and preferential access to the European Union, Australia, and New Zealand, and neighboring Pacific Island countries markets, for FSM products; A special relationship with the US allows FSM citizens access to a number of US Federal programs and institutions, such as US Small Business Administration and US Department of Agriculture Rural Development and Research and development supported by a network of US-accredited institutions.
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