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More about FID
Divisional
Heads
Director/Registrar
Deputy director/Registrar
a) Promotion Units
The Promotion Unit is headed by the Principal Investment Officer
responsible for investment promotions. The unit's objective
is to promote Solomon Islands to international investors which
aimed to encourage foreign investment in Solomon Islands through
identification of investment opportunities, dissemination
of information to potential investors, provide guidance and
advice on investment procedures and facilitate consultation
between investors, the national government and the people
of Solomon Islands.
Defined functions of the Promotion Division.
The Promotion Unit has been mandated to perform certain functions
aligned to achieving the overall objective of the Foreign
Investment Department. These mandatory functions include:
1. Publication and dissemination of investment information
2. Investment enquiries and responses
3. Promotion missions, seminars, tours and consultation
4. Advertising and awareness programmes
5. Investment opportunities identification and preparation
6. Investment contacts and networking
7. Foreign investment attraction
8. Client consultation and advice.
b) Evaluation Unit
The Evaluation unit is headed by the Principal Investment
officer who is responsible for evaluation of Foreign Investment
applications. This unit performs an important role as it directly
administers all foreign investment applications destined for
the registrar of investment to consider. The Evaluation main
objectives are:
a) To ensure that all foreign investment applications are
well maintained and processed properly
b) All foreign investment applications met the requirements
of the Foreign Investment Act 2005 and Regulation 2006.
The Evaluation Unit core functions involve:
1. Evaluate and Published appraised investment projects.
2. Processing and screening of Foreign Investment application
for the registrar's consideration and decision.
3. Application liaison and decision co-ordination for the
Foreign Investment Division and Foreign Investors.
4. Correspond with Foreign Investors on areas of application
follow ups and information required for investment projects
5. Give recommendation on technical reports for the registrar
consideration and decision
6. Convey to Foreign Investors the status of their Investment
application.
7. Inform foreign investors about the status of their investment
application.
c)
Monitoring Unit
The monitoring Unit comprised is headed by the Principal investment
officer who is responsible for monitoring of approved investment
projects within Solomon Islands. The monitoring unit main
objective is to:
Make sure that all foreign investment activities being carried
out conform to their conditions of registration granted by
the registrar of investment and that all foreign investors
are informed of their duties when conducting their investment
activities within Solomon Islands.
The division's main functions include the following.
1. Monitoring of the progress of approved investment projects.
2. Enforcing compliance with the terms and conditions of approval
3. Assisting newly established investment projects
4. Providing guidance and advise to un performed investment
projects
5. Assess investor and investment performance and give reports
to the registrar of Investment
6. Investigate into suspected non compliance and non approved
investment projects.
7. Liaison and review approved projects.
The
Foreign Investment Division believes in private sector growth
driven by private businesses and therefore cognizant of the
importance of Foreign Direct Investment to Solomon Islands.
The Foreign Investment Division will always assist foreign
investors achieve their investment objectives.
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