Challenge

Solomon Islands have detailed rules and procedures for the administration, processing and registration of applications from foreigners who wish to invest in the country. Ultimately, when an application has been approved, a certificate of registration is issued and sent to the applicant or his representative.

This document is a business visa for the investor and a prerequisite to proceed with all other steps that are required to operate business activities in the Solomon Islands.

Solution

The Foreign Investment Registry (FIR), which was developed by NRD during the project period, is meant to facilitate the registration and monitoring of foreign investments, provide a more transparent environment for these investments and contribute to improved statistics about the impacts. NRD's counterpart was the Investment Division under the Ministry of Commerce, Industry and Employment.