Fiji

Ease of Doing Business in

Fiji

This page shows summary Doing Business 2012 data for Fiji. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. 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 Lower middle income
Population 854,098
GNI Per Capita (US$) 3,610.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
77 72 down -5
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 119 105 up -14
Dealing with Construction Permits 73 64 up -9
Getting Electricity 110 105 up -5
Registering Property 52 49 up -3
Getting Credit 67 64 up -3
Protecting Investors 46 44 up -2
Paying Taxes 80 78 up -2
Trading Across Borders 113 113 No change
Enforcing Contracts 64 63 up -1
Resolving Insolvency 126 123 up -3

Economy Profile

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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 2012 Rank 119 DB 2011 Rank 105 Change in Rank down-14
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)
9 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)
45 37 12

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)
25.1 22.7 4.7

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.

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Paid-in Min. Capital (% of income per capita)
0.0 20.1 14.1
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 1200
3 Register the company with the Companies Registrar 21 days Registration fee FJD 163.13 + stamp duty FJD 10
* 4 Register for Tax Identification Number (TIN) with Fiji Islands Revenue and Customs Authority (FIRCA) 1-2 weeks, simultaneous with procedure 3 no charge
* 5 Receive inspection by FIRCA 1 day, simultaneous with procedure 3 no charge
* 6 Submit TIN number to Companies Registry to obtain final incorporation certificate 1 day, simultaneous with procedure 3 no charge
7 Register with Training and Productivity Authority of Fiji for statutory training tax 3 days no charge
* 8 Apply for a business license from the relevant licensing authority ( Suva City Council) 1-2 weeks, simultaneous with procedure 7 FJD 300
* 9 Register as an employer with the Fiji National Provident Fund 1-2 weeks, simultaneous with procedure 7 no charge
* Takes place simultaneously with another procedure.

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