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Foreign Direct Investment Act (1996).

Country/Territory
Tuvalu
Document type
Legislation
Date
1996
Source
FAO, FAOLEX
Long title
An Act to encourage and facilitate private foreign direct investment in Tuvalu, and for connected purposes.
Subject
General
Keyword
Legal proceedings/administrative proceedings Business/industry/corporations
Geographical area
Asia and the Pacific, Least Developed Countries, Oceania, Polynesia, Small Island Developing States, South Pacific
Abstract

This Act aims to provide a legal framework in Tuvalu to encourage, facilitate, consolidate and streamline direct foreign investment proposals and projects in order to stimulate growth, employment, and productivity in the private sector economy, and to remove discriminatory impediments to foreign direct investment. The text comprises 9 Articles and among others refer to establishment of Foreign Investment Facilitation Board; duties and responsibilities of the Board; its powers; reports to Minister; and action to be taken by the Minister or Cabinet.

Full text
English