x
Overview
The Fiji Islands are located in region of Oceania. Company in Fiji is an excellent way for international entrepreneurs to conduct business in one of the world’s most rapidly growing economies. In contradistinction to classic offshore jurisdiction, Fiji Islands are having very positive reputation among investors.
Timeframe: approximately 3 months
Minimum paid up capital:: $50,000 USD
Overview
Legality and Licensing: Forex trading in Fiji is legal. However, individuals and companies must obtain a Foreign Exchange Dealer License from the Reserve Bank of Fiji (RBF). This license ensures compliance with Fiji’s regulatory framework and helps maintain financial stability within the country.
Importance of the License: Obtaining a Foreign Exchange Dealer License is crucial for Forex brokers and companies aiming to operate in Fiji. This license requires adherence to RBF’s regulatory standards and compliance protocols. Once licensed, entities can legally engage in Forex trading within Fiji, ensuring all activities align with the nation’s financial regulations.
Comprehensive Guide to Company Incorporation
Company structure
- ▪ Minimum of two shareholders, who can be natural persons or legal entities.
- ▪ At least two directors (one must be local Director)
Confidentiality
- ▪ Beneficial owners’ details – not disclosed to the Authorities
- ▪ Shareholders’ details – not part of public record
- ▪ Directors’ details – not part of public record
Taxation
Taxes on net profits are 20%
Accounting requirements
- ▪ Filing annual report is obligatory
Secretary – Required
Registered office – Local office setup not needed.
In order to obtain a license, the following steps will be carried out:
- ▪ Collection and review of documents in accordance with the legislation requirements
- ▪ Incorporation of the company
- ▪ License application with the Regulator
- ▪ Passport scan
- ▪ Proof of address
- ▪ Updated CV
- ▪ Certificate of non criminal records