#

Ease of Doing Business in

Fiji

Fiji Download Profile (1740.2KB, pdf)
Region East Asia & Pacific
Income Category Upper middle income
Population 892,145
GNI Per Capita (US$) 4,800
City covered Suva

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 97 84 down
13
60.71 62.47 down
1.76
Starting a Business 159 166 up
7
73.13 68.18 up
4.95
Dealing with Construction Permits 101 100 down
1
67.88 67.85 up
0.03
Getting Electricity 82 79 down
3
71.92 71.26 up
0.66
Registering Property 55 55
-
71.86 71.86
-
Getting Credit 157 78 down
79
25.00 50.00 down
25.00
Protecting Minority Investors 106 108 up
2
50.00 48.33 up
1.67
Paying Taxes 110 108 down
2
67.55 67.46 up
0.09
Trading across Borders 75 76 up
1
77.57 77.57
-
Enforcing Contracts 86 84 down
2
58.44 58.44
-
Resolving Insolvency 90 87 down
3
43.75 43.76 down
0.01

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 159

DB 2016 Rank: 166

Change in Rank: up7

DB 2017 DTF (% points): 73.13

DB 2016 DTF (% points): 68.18

Change in DTF (% points): up4.95

Standardized Company
Legal form: Private Limited Liability Company
Paid-in minimum capital requirement: FJD 0
City: Suva
Indicator Fiji East Asia & Pacific OECD high income
Procedure – Men (number) info_outline 11.0 7.0 4.8
Time – Men (days) info_outline 40.0 23.9 8.3
Cost – Men (% of income per capita) info_outline 17.9 19.0 3.1
Procedure – Women (number) info_outline 11.0 7.1 4.8
Time – Women (days) info_outline 40.0 23.9 8.3
Cost – Women (% of income per capita) info_outline 17.9 19.0 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 12.3 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Check the uniqueness of the proposed company name and reserve name

    Agency: Companies Registrar

    Company founders must first conduct a search of the Companies, Business Names, and Trade Marks Register to ensure that the name applied for is not confusingly similar (1–2 days). Computerized and manual search systems are both available. The Government of Fiji has introduced a website (www.egov.gov.fj) for all applications for name reservation to be made online in 2010. Hard copy applications are no longer accepted by the Registrar of Companies unless an online application is made first.

    Application fees for name reservation can be paid in person at the Registrar of Companies' Office or via the online portal at www.egov.gov.fj. Only MasterCards and VISA cards are accepted. Once the payment is completed online, hard copies of the payment confirmation and the name reservation approval are required to be submitted to the Companies Registry.

    If approved, the company name will be reserved for 30 days (with a one-time extension). Company incorporation documents must be lodged with the Registrar within this time.
    4 days FJD 50 for name reservation + FJD 10 for company name search + VAT
    2

    Hire services of a lawyer to draft company documents

    Agency: Lawyer

    Fees may vary from FJD 1,000 to FJD 2,000. In most cases lawyers and/or accountants still prepare most of the documents necessary to register a company.
    3 days FJD 1200
    3

    Register the company with the Companies Registrar

    Agency: Companies Registrar

    Under the Companies Act 2015. The company is required to complete and lodge a Form A2 (under section 20 of the Act) together with the required fee which is FJD49.05 for private companies.

    Form A2 requires the company to provide details of the company, governance of the company, registered office, principal place of business, officeholders details, details of ultimate holding company, share structure details, details of its members.

    There is no longer a need for the company to have a Memorandum of Association under the 2015 Companies Act. A company is only required to have Articles of Association. It may adopt the standard articles from the Act or vary the standard articles provided in the Act.

    The company is still required to have a local tax identification number which can be obtained from the Fiji Revenue and Customs Authority in 1 day.
    7 days FJD 45
    * 4

    Register for Tax Identification Number (TIN) with FRCA

    Agency: Fiji Revenue & Customs Authority (FRCA)

    To finish the registration process of a new business with the Registrar of Companies entrepreneurs must first obtain a Tax Identification Number (TIN) from FRCA. The procedure is as follows:

    1 - The person must visit the Companies Office and fill the
    necessary form. The Companies office will stamp such
    form and will request the person to visit FIRCA to obtain
    TIN.
    2 - At FRCA, the person must fill in the TIN registration
    Form. A copy of the preliminary documents submitted
    to the Companies Office must be attached to the TIN
    Registration Form. The preliminary document refers to
    forms lodged at Companies Office and the Articles of Association.
    3 - The FRCA will issue a standard letter confirming the TIN.
    4 - The TIN must be supplied to the Companies Office that
    will facilitate the issue of Business Registration Certificate.
    5 - The Registrar of Companies will send a copy of Business
    Registration Certificate to FIRCA for updating of taxpayer
    records.
    1 day (simultaneous with previous procedure) no charge
    * 5

    Receive inspection by FRCA

    Agency: Fiji Revenue & Customs Authority (FRCA)

    By law, since December 2004, if VAT registration is required, the Fiji Revenue and Customs Authority (FRCA) requires the inspection of the business premises. Since 2007, the inspection has been the practice as FRCA inspects that there is a physical office during business hours.
    1 day (simultaneous with previous procedure)
    no charge
    6

    Submit TIN number to Companies Registry to obtain final incorporation certificate

    Agency: Companies Registry

    New businesses must submit their TIN number to Companies Registry to obtain their final incorporation certificate.
    1 day no charge
    7

    Obtain the National Fire Authority Certificate (NFA) after inspection

    Agency: National Fire Authority

    The training takes 3 days. The entrepreneur must request NFA for an inspection of the business premises. Once the request has been made, the NFA officials will inspect the premises during opening hours of the business. If NFA is satisfied with the results of the inspection, it will then issue a compliance certificate to the entrepreneur.

    Upon receipt of a compliance certificate from NFA, the entrepreneur must conduct fire safety training for its staff. NFA officers can, for a fee, teach fire safety preventative and protection measures. The employees are trained to respond to a fire incident and how to use the fire safety equipment installed in the workplace.
    10 days FJD 50-150 (VAT excluded) depending on the size of the business
    * 8

    Register for statutory training tax

    Agency: Fiji National University (FNU)

    Statutory training tax is 1% of payroll. The submission of these documents is done by mail. The Training and Productivity Authority at Fiji National University (FNU) will send the form by mail to the office of the new business. Once completed, the form will be mailed back to FNU.
    3 days (simultaneous with previous procedure) no charge
    9

    Obtain the compliance letter from the Minister of Labour after inspection

    Agency: Ministry of Labour, Industrial Relations and Employment

    Since November 2011, the OHS issues a letter of compliance to all type of businesses after an inspection of workers and non-workers in the workplace. In order to obtain this letter, the entrepreneur needs to submit:
    - NFA certificate
    - business registration certificate
    - TIN letter

    Three days after submitting the documents, the OHS inspects the business and if all the compliance requirements are met, the compliance letter is issued. The compliance letter then needs to be submitted to the Suva City Council in order to obtain the business license.
    3 days FJD 70-150 (FJD 50 for inspection and FJD 2 per employee)
    10

    Apply for a business license from the relevant licensing authority (Suva City Council)

    Agency: Suva City Council

    The company must obtain a business license from the relevant licensing authority for each location it conducts business. This license is renewable annually. Depending on the activity, the fees range from FJD 100 to FJD 500.
    11 days FJD 300
    * 11

    Register as an employer with the Fiji National Provident Fund

    Agency: Fiji National Provident Fund

    New businesses must register as an employer with the Fiji National Provident Fund.
    11 days (simultaneous with previous procedure) no charge

    * Takes place simultaneously with previous procedure.