The Solomon Islands, an independent island country located in Oceania in traditional Melanesia, maintains important export trade relations with China, Italy, India, Switzerland and Thailand.
The economy of the Solomon Islands is diversified and its economy is heavily dependent on trade, with shipping being of vital importance.
Foster Swiss is an international company registered in Switzerland to provide financial and compliance advice on a variety of issues related to company formation and international commercial banking.
We are specialized in the implementation of businesses in different jurisdictions, which means that we offer value added services helping our clients in their expansion abroad. Some of these services include: advice and consultancy, visas, offices and director, shareholders, nominee secretary, accommodation if required to mention a few.
SOLOMON ISLANDS: IDEAL COMPANIES TO INVEST IN
Honiara is the capital of the Solomon Islands and the main seaport for international trade. The Solomon Islands' regulatory framework does not place limitations on the number of regular or international shipping providers.
Foreign companies providing international shipping services in the Solomon Islands do not have to be resident, nor are they required to establish themselves in the jurisdiction.
In the case of the mining company, there are no legal restrictions on foreign ownership of mining rights in the Solomon Islands. Mining companies may enjoy some income tax exemptions and may deduct from the ISLR, the expenses destined to infrastructure projects.
The legal framework that regulates the exploitation of forest resources and timber does not apply limitations to foreign ownership of licenses for this primary activity of importance in the Solomon Islands, the trade and extraction of forest resources is mainly managed by foreign companies.
In the case of the fishing trade in the Solomon Islands, most of the fishing fleets are foreign flagged.
If you would like to locate your next offshore investment in the Solomon Islands, contact Foster Swiss financial advisors for more information, info@fosterswiss.com.