Doing Business with Kiribati

A comprehensive guide to doing business, exporting, investing, and manufacturing in Albania.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Ministry of Tourism, Commerce, Industry and Cooperatives

Tel:  +686 75126156
Email: ea@commerce.gov.ki
Web: www.mcic.gov.ki

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Ministry of Finance and Economic Development

Tel: +686 74021806
Email: admin@mfep.gov.ki
Web: www.mfed.gov.ki

National Chamber of Commerce

Kiribati Chamber of Commerce and Industry

Tel: +686 75126351
Email: secretariat@kcci.org.ki
Web: www.kcci.org.ki

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Ministry of Finance and Economic Development

Tel: +686 74021806
Email: admin@mfep.gov.ki
Web: www.mfed.gov.ki

  • Type of Government: Presidential Republic
  • Population: Approximately 119,000
  • GDP: Around $200 million USD
  • Corporate Tax Rate: 25%
  • Personal Income Tax Rate: Progressive, up to 35%
  • Major Exports: Copra, fish, seaweed
  • Major Imports: Foodstuffs, machinery, manufactured goods, fuel

 

Exporting to Kiribati involves several steps. Here’s a comprehensive guide:

  1. Research Market Requirements

    • Understand Kiribati’s import regulations and standards for your product.
    • Check for any product-specific certifications needed.
  2. Identify Local Partners

    • Establish relationships with local distributors or agents in Kiribati.
  3. Prepare Export Documentation

    • Include commercial invoices, packing lists, and certificates of origin.
    • Ensure compliance with Kiribati’s labeling and packaging requirements.
  4. Arrange Logistics and Shipping

    • Choose a reliable shipping company experienced with exports to Kiribati.
    • Ensure accurate completion of shipping documents, such as bills of lading.
  5. Customs Declaration

    • Work with a customs broker to facilitate the clearance process.
    • Pay any necessary duties and taxes.
  6. Understand Duties and Taxes

    • Familiarize yourself with Kiribati’s import duties and applicable taxes.
  7. Distribution and Sales

    • Establish distribution channels within Kiribati.
    • Consider partnerships with local businesses for effective market penetration.

Key Contacts

  • Kiribati Customs Services
  • Kiribati Chamber of Commerce and Industry

Importing goods into Kiribati involves several steps. Here’s a comprehensive guide:

  1. Register as an Importer

    • Ensure you are registered with Kiribati Customs Services.
  2. Classify Your Goods

    • Determine the correct Harmonized System (HS) code to identify applicable duties and taxes.
  3. Check Import Regulations

    • Ensure compliance with relevant standards and obtain any necessary permits or certifications.
  4. Find a Reliable Supplier

    • Establish a relationship with a trustworthy overseas supplier.
  5. Arrange Shipping and Logistics

    • Choose a reliable freight forwarder.
    • Ensure all shipping documents are in order, including the bill of lading and commercial invoice.
  6. Customs Declaration

    • Submit all required documentation to Kiribati Customs Services.
    • Work with a customs broker if necessary to facilitate the process.
  7. Pay Duties and Taxes

    • Calculate and pay applicable import duties and taxes.
  8. Receive Your Goods

    • Arrange for the transportation of goods from the port to your warehouse or distribution center.

Key Contacts

Incorporating a company in Kiribati involves several steps. Here’s a comprehensive guide:

  1. Choose a Company Name

    • Conduct a name search to ensure your company name is unique.
  2. Prepare Incorporation Documents

    • Draft the Memorandum and Articles of Association.
    • Prepare identification documents for directors and shareholders.
  3. Register with the Registrar of Companies

    • Submit the incorporation documents to the Registrar of Companies.
  4. Pay Registration Fees

    • Costs can vary; check with the Registrar for the latest fees.
  5. Obtain a Business License

    • Apply for a business license from the Ministry of Commerce, Industry, and Cooperatives.
  6. Register for Taxes

    • Obtain a Tax Identification Number (TIN) from the Kiribati Revenue Authority.
  7. Open a Corporate Bank Account

    • Use incorporation documents to open a business account in Kiribati.

Costs

  • Registration Fees: Vary depending on the type of company and share capital.
  • Business License Fees: Additional costs apply for obtaining a license.

Key Contacts

Setting up a manufacturing plant in Kiribati involves several steps. Here’s a comprehensive guide:

  1. Conduct Market Research

    • Analyze demand, competition, and location advantages in Kiribati.
  2. Choose a Suitable Location

    • Consider available infrastructure and proximity to resources.
    • Check zoning regulations and obtain necessary permits from local authorities.
  3. Incorporate Your Company

    • Register your business with the Registrar of Companies under the Ministry of Commerce, Industry, and Cooperatives.
  4. Obtain Necessary Permits and Licenses

    • Apply for construction permits and any environmental assessments required.
  5. Secure Financing

    • Explore options through banks or investment partners.
  6. Design and Construct the Facility

    • Hire architects and contractors for design and construction.
    • Ensure compliance with local building codes and safety regulations.
  7. Install Equipment and Machinery

    • Purchase and set up machinery necessary for production.
    • Ensure safety and operational standards are met.
  8. Hire and Train Workforce

    • Recruit skilled labor and provide necessary training.
  9. Set Up Supply Chain and Distribution

    • Establish relationships with suppliers and distributors.
  10. Begin Operations

    • Start production and monitor operations for efficiency and quality control.

Key Contacts

  • Ministry of Commerce, Industry, and Cooperatives
    • Contact for business registration and licensing.
  • Kiribati Chamber of Commerce and Industry

Registering a trademark in Kiribati involves several steps. Here’s a comprehensive guide:

  1. Conduct a Trademark Search

    • Ensure your trademark is unique and not already registered.
  2. Prepare Your Application

    • Include details such as the trademark design, classification of goods/services, and applicant information.
  3. Submit the Application

    • File your application with the appropriate government office responsible for intellectual property.
  4. Pay the Application Fee

    • Fees vary; check with the relevant office for the latest costs.
  5. Examination Process

    • The application is examined for compliance and potential conflicts. Respond to any objections or requests for additional information.
  6. Publication and Opposition

    • If approved, the trademark is published for opposition. A period is provided for third parties to oppose the registration.
  7. Registration and Certification

    • If no oppositions arise, the trademark is registered. Pay the registration fee and receive the Certificate of Registration.
  8. Maintain and Renew the Trademark

    • Trademarks are valid for a specific period and can be renewed. Submit renewal applications to maintain protection.

Costs

  • Application Fee: Varies; confirm with the relevant office.
  • Registration Fee: Additional fees apply upon successful registration.

Key Contacts

  • Ministry of Commerce, Industry, and Cooperatives
    • Contact for trademark registration and inquiries.

Resolving commercial disputes in Kiribati involves several steps. Here’s a guide on the process:

  1. Attempt Negotiation

    • Begin by negotiating directly with the other party to reach an amicable solution.
  2. Mediation

    • Engage a mediator to facilitate discussions. Mediation is often quicker and less formal than court proceedings.
  3. Arbitration

    • Consider arbitration for a private and binding resolution. Ensure both parties agree to this method.
  4. Seek Legal Advice

    • Consult with a lawyer specializing in commercial law for guidance on your case.
  5. File a Lawsuit

    • If other methods fail, file a lawsuit in the appropriate court. Prepare necessary documentation and evidence.
  6. Court Proceedings

    • Attend hearings and present your case. Follow legal procedures as guided by your lawyer.
  7. Judgment and Enforcement

    • If a judgment is made, ensure its enforcement through legal channels.

Costs

  • Mediation and Arbitration Fees: Vary depending on the service provider.
  • Court Filing Fees: Depend on the jurisdiction and case type; consult local courts.
  • Legal Fees: Vary based on the lawyer and complexity of the case.

Key Contacts

  • Ministry of Justice
    • Contact for legal processes and court information.
  • Kiribati Chamber of Commerce and Industry

When considering doing business in Kiribati, various social, cultural, political, and economic factors must be taken into account.

Social and Cultural Factors

  • Language: English and I-Kiribati are the official languages. Understanding local customs and traditions is important.
  • Community Focus: Strong emphasis on community and relationships, which can influence business interactions.

Political Factors

  • Government Structure: Democratic republic with stable governance.
  • Regulatory Environment: Clear but sometimes slow regulatory processes.

Economic Factors

  • Small Economy: Limited domestic market, reliant on imports and foreign aid.
  • Corporate Tax Rate: Competitive tax rates to encourage investment.

Foreign Exchange

  • Currency: Australian Dollar (AUD) is commonly used.
  • Exchange Rate: Subject to global market fluctuations.

Rule of Law

  • Legal Framework: Based on common law; provides protection for property rights.
  • Judiciary: Independent, though processes can be slow.

Business Environment

  • Infrastructure: Developing, with ongoing improvements needed in transportation and communication.
  • Workforce: Young and adaptable, with basic education levels.

Key Resources

Our Members Include Leading Organizations in Kiribati

Ask our Experts on Doing Business in/with Kiribati

If you’re looking to do business or invest in Kiribati, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.