Registering a company in Fiji is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Fiji Registrar of Companies and Fiji Revenue & Customs Service. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Fiji. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this dynamic and business-friendly country.
Step 1: Choose your company type
The first step in registering a company in Fiji is to choose the type of company you want to register. The most common types are:
- Private Company
- Public Company
- Branch of a foreign company
Step 2: Choose a company name
Before registering your company, you'll need to choose a suitable name. The Fiji Registrar of Companies has guidelines for acceptable names, which can be found at this link: http://www.brd.gov.fj/index.php/business-registration
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (for Private and Public Companies)
- Application for Company Registration (for all types)
These forms can be downloaded from the Fiji Registrar of Companies' website: http://www.brd.gov.fj/index.php/business-registration
Step 4: Identify company officers and shareholders
You will need to identify at least one director and one shareholder. Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Fiji does not have a specified minimum capital requirement for companies.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Fiji Registrar of Companies. This can be done in person at their office or online via the following link: http://www.brd.gov.fj/index.php/business-registration
The fees for registering a company are as follows:
- Private Company: FJD $3.35 per $1,000 of capital
- Public Company: FJD $1.12 per $1,000 of capital
- Branch of a foreign company: FJD $2,000
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Fiji Revenue & Customs Service. This can be done in person at the local Tax Office or online via the following link: https://www.frcs.org.fj/tax-types/businesses/
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
Time-frame:
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 1 to 3 weeks, depending on the complexity of your application.
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