Fiji

Ease of Doing Business in

Fiji

This page summarizes Doing Business 2014 data for Fiji. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region East Asia & Pacific
Income Category Upper middle income
Population 874,742
GNI Per Capita (US$) 4,200
City covered Suva
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
62 58 down -4

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Change in DTF** (% points)
66.84 66.81 down 0.03
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
 

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2014 Rank 141 DB 2013 Rank*** 141 Change in Rank 0
DB 2014 DTF** (% points) 66.59 DB 2013 DTF** (% points) 66.49 Change in DTF** (% points) up0.10

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Fiji East Asia & Pacific OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
11 7 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
59.0 37.8 11.1

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
23.1 29.8 3.6

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in Min. Capital (% of income per capita)
0.0 293.3 10.4
No. Procedure Time to Complete Associated Costs
1 Check the uniqueness of the proposed company name and reserve name 8 days FJD 5.65
2 Obtain declaration of due compliance sworn by lawyer 3 days FJD 1,200
3 Register the company with the Companies Registrar 21 days Registration fee FJD 133 + stamp duty FJD 20 for the stamping of the memorandum and articles of association ($FIJD 10 each) + FJD 12 (Forms 201, 203, 208 -$FIJD 4 each)
* 4 Register for Tax Identification Number (TIN) with Fiji Revenue and Customs Authority (FCA) 1-2 weeks, (simultaneous with previous procedure) no charge
* 5 Receive inspection by FRCA 1 day, (simultaneous with previous procedure) no charge
6 Submit TIN number to Companies Registry to obtain final incorporation certificate 1 day no charge
7 Register with Training and Productivity Authority of Fiji for statutory training tax 3 days no charge
* 8 Obtain the National Fire Authority Certificate (NFA) after inspection 1 to 2 weeks, (simultaneous with previous procedure) FJD 50-150 (VAT excluded) depending on the size of the business
9 Obtain the compliance letter from the Minister of Labour after inspection 3 days FJD 90
10 Apply for a business license from the relevant licensing authority (Suva City Council) 1-2 weeks FJD 300
* 11 Register as an employer with the Fiji National Provident Fund 1-2 weeks, (simultaneous with previous procedure) no charge
* Takes place simultaneously with another procedure.

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.

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