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Divisional
Heads.
Director of Foreign Investment
The Director of the Foreign Investment Division administers
two main functions. Under the first function, the Director
shall be:
a) Responsible for the overall management and administrative
tasks of the Foreign Investment Division.
And be the
b) Registrar of Foreign Investment as stipulated under section
3 (1) of the Foreign Investment Act 2009.
The first function requires that the Director shall
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Responsible for the development of Foreign Investment Policies.
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Promote, implement and manage Foreign Investment policies.
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Work closely with Foreign Investors, the National Government
and other stake holders on areas pertaining to foreign investments
in Solomon Islands.
- Ensure
that all foreign investments carried out within Solomon
Islands conform to the Foreign Investment Act 2005 and Regulation
2006 requirements.
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Supervise the administrative tasks under the three main
sub unit.
The second function requires that Registrar of Foreign Investment
shall
1. be responsible for registration of foreign investment activities
not specified under the reserved list or prohibited list of
business activities.
2. Administer the Foreign Investment Act 2005 and Regulation
2006.
Defined functions of the Registrar of Investment as indicated
within the Foreign Investment Act 2005 are:
a. Review the reserved lists.
b. Review and evaluate investment activities being applied
for by foreign investors.
c. Register investment activities and issue registration certificate.
d. Advices the Minister on whether the investment activity
should be included in the reserved list.
e. Monitor compliance by foreign investors with the Foreign
Investment Act and other subsidiary legislations.
f. Report to the Minister responsible for the Foreign Investment
Act 2005 on the activities of foreign investors.
The Director or Registrar of Foreign Investment may delegate
tasks to divisional staff whenever necessary.
Deputy
Director of Foreign Investment
The Deputy Director of Foreign Investment supports the functions
of the Director and works closely with divisional staff on
areas relating to evaluation and monitoring of foreign investments
and promotion of Solomon Islands to foreign investors. The
Deputy Director supports the implementation of foreign investment
policies and must ensure that programmes of actions developed
are well executed and met their objectives. On the absent
of the Director, the Deputy Director may act as the Registrar
of Foreign Investment and shall perform the tasks required
under that status.
The main functions of the Deputy Director are:
1. Under take research and studies for the formulation of
foreign investment policies and planning
2. Analyze and advise on the effects of foreign investment
economically and socially
3. Ensure that services and support requirements of the division
is met or addressed.
4. Work with foreign investors on areas relating to their
investment proposals
5. Disseminate investment information to foreign investors
and also to make sure that procedures and guidelines are made
available to them.
6. Ensure that all information reaching the Registrar of Investment
are true and full fill the requirement specified in the Foreign
Investment Act 2005 and Regulation 2006.
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