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Vision Statement
To be recognized as an effective and professional agency proactively
fostering new investment in Solomon Islands.
Mission Statement
To contribute to the economic development of the Solomon Islands
through the promotion and facilitation of foreign investment
that provides employment growth, technology or skill transfer,
the sustainable utilization of the country's natural resources,
or other tangible benefit to the Solomon Islands.
ORGANIZATIONAL ETHOS
In fulfilling its Mission the Foreign Investment Department
will:
- Adopt
a high level of professionalism and integrity.
- Be
courteous and impartial at all times.
-
Comply consistently with the Public Service Code of Conduct.
- Be
prudent, transparent and impartial in all activities.
-
Adopt high levels of presentation.
- Consider
all stakeholders needs and expectations.
Objectives
of FID
- To
encourage and facilitate foreign investment in Solomon Islands
through promotion missions, seminars, tours and dissemination
of published information including on the webpage and direct
correspondence with prospecting and current investors.
- To
promote Solomon Islands as an investment destination to
foreign investors through identification of potential investment
opportunities and help establish investment projects in
the country.
- To
ensure that all foreign investors operating in Solomon Islands
are registered and adhere to their terms of registration
as required by the foreign investment act 2005 and regulation
2006
- To
help foreign investors successfully establish their investment
projects in any of the productive economic sectors.
Foreign
Investment Division
The Foreign Investment Division or FID is part of the department
of Commerce, Trade and Industries and comes under the Ministry
of Foreign Affairs, Commerce and Tourism. FID is headed by
the Director of Foreign Investment whose responsibilities
include performing the overall management and administrative
functions of the division. FID has three main sub-divisions,
the Promotion Units, Evaluation Unit and the Monitoring Unit.
FID is currently supported by 8 staff comprising of the Director,
Deputy Director and 6 divisional staff whose roles are pragmatic
to the well establishment, coordination and implementation
of the national government investment policies including requirements
made under the Foreign Investment Act 2005 and Regulation
2006.
The Foreign Investment Division as the custodian of the Foreign
Investment act 2005 and Regulation 2006 has been mandated
to exercise certain functions vital for proper functioning
of foreign investment activities within Solomon Islands. These
functions are:
- Performing
prudent advisory roles to the Government, Foreign Investors
and the people of Solomon Islands on investment matters.
- Executing
Government Investment policies for greater economic development
and social prosperity.
- Provide
assistance to foreign investors on areas of investment application,
processes, procedures and registration of investment activity
(ies).
- Facilitate
and promote foreign investments in Solomon Islands
- Evaluate
foreign investment applications for screening and registration
- Monitoring
of foreign investment activities within the Solomon Islands.
-
Register approved foreign investment activities.
As
required under the Foreign Investment Act 2005 and Regulation
2006, FID works in ensuring foreign investors are abide by
their terms of registrations when conducting their business
in the country.
Knowing
More about FID
Divisional
Heads
Director/Registrar
Deputy director/Registrar
Units
Monitoring
Unit
promotion Unit
Evaluation Unit
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