Foreign Direct Investment Act (1996). Country/Territory Tuvalu Document type Legislation Date 1996 Source FAO, FAOLEX Long titleAn 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