|Step by Step Guide|
Investment Niue (IN) is responsible for dealing with investors seeking approval to invest in Niue and or investment incentives. The investment approval process consists of the following procedures:
Prior to submission of application, IN liaises with investors to discuss preliminary information which may be required in order to prepare the application;
The application is forwarded to Cabinet for approval through the office of the IN. If more time is required to complete a full application, applicants can request that Cabinet, through the IN, grant an approval in principle of the application;
IN arranges/coordinates comments from other departments for a Cabinet submission. Matters commented upon will include administrative and technical requirements, for example, land, business licensing requirements, EIAs, physical infrastructure requirements, audit statement;
IN submits the final application to Cabinet for approval.
IN informs the applicant of the results following Cabinet decision.
IN maintains communication with applicant for any further inquiries.
Assistance in implementing investment projects after Cabinet approval has been given will be provided by either the Chamber of Commerce or the PDU.
Approval of registration as a foreign investor and the extent of incentives and concession given will reflect the degree to which a proposal meets evaluation criteria, which are based on the information required by the Investment Code, namely:
1. Commercial viability;
2. Ownership and financial structure, including identification and beneficial owners;
3. Employment structure, including expatriates, and proposed training and skills transfer programs;
4. Economic impact, including but not confined to magnitude of local value added and use of local resources, external trade, employment, incomes, infrastructure demand, and secondary effects on other activities;
5. Sustainability of the resource use;
6. Environmental impact; and
7. Cultural impact.
The Government of Niue through the Secretary to Government will consider providing assistance in preparing all or some of the required assessment on application by the investor. Each request for assistance will be considered on its merits. Such assistance may be charged for depending on the circumstances of the investor.