Foreign Direct Investment Act 1996
In forceForeign Direct Investment Act 1996 (Act No. 5 of 1996)
Applies to both
The Act establishes a seven-member Foreign Investment Facilitation Board, chaired by the Secretary to Government, to receive and consider any foreign direct investment proposal that seeks government participation, an exemption from Tuvalu law, or the grant of a licence or permit.
Section 5(2) requires a proposal received by the government to be forwarded to the Board within 14 days, section 7 requires the Board to submit its findings and recommendations to the Minister in a written report, and section 8 directs the Minister, on that report, to instruct the Board to liaise with the relevant Ministry so that a recommended licence or permit is granted in a timely manner, referring the matter to Cabinet if 30 days pass without action.
The Act creates no data-centre-specific incentive and does not name information technology or data infrastructure as a distinct sector; a data-centre project with foreign capital would be routed through this Board-facilitation process rather than a dedicated licensing regime. Section 1 defers the Act's commencement to a date the Minister appoints by notice, and no such notice has been located.
Source: Full text of law