The Asian Development Bank says further refinement of the business registration process in Solomon Islands should foster economic activity and create more jobs.
A ship being loaded with goods bound for the provinces at the Point Cruz Wharf in Honiara. Photo: RNZI/ Koroi Hawkins
The ADB's Pacific Private Sector Development Initiative, or PSDI, said applications for foreign investment licences and business name registrations could now be lodged online and processed within 24 hours thanks to an upgrade of the Solomons' business registry.
The registry, which has been accepting online applications for company registrations since 2010, has now expanded so that applications for foreign investment licences and business name registrations can also be lodged online.
The PSDI's Aaron Levine, who was in Honiara for the launch, says it makes the Solomons' a more attractive proposition for foreign investors.
"And we think that with the new brand, called 'Invest Solomons,' people will have a really positive first impression when they are looking at doing business in the country," said Aaron Levine.
