Obtaining a foreign investment certificate for your proposed activities is your first stop in the process of setting up a business as a foreigner in Solomon Islands.
The purposes of registration are to:
- ensure that foreign investors do not conducted reserved or prohibited activities, and
- to facilitate monitoring of foreign investors’ conduct of their investment activities.
Without a certificate of registration, a foreign investor does not have authority to conduct an investment activity, negotiate any agreements relating to the activity, or commence any other steps to bring it into compliance with other Solomon Islands laws.
Having a certificate of registration does not relieve a foreign investor of any requirements to comply with other laws in Solomon Islands, such as taxation, labour, immigration and other licences. Once you have your foreign investment certificate, then you may commence the other steps.
Failure to register your investment activities may have serious consequences under the laws of Solomon Islands.