How to get approval from Investment Fiji?
The following steps must be undertaken by investors wishing to establish businesses in Fiji:
1. Office of Registrar of Companies (ROC)
- Reservation of business/company name
2. Investment Fiji
- Registration must be done via submission of a completed Application Form to Investment Fiji Office in Suva, Lautoka & Labasa, accompanied by a Registration Fee of F$2,875.00 [$2,500 + VAT (15%)]. An application form can be obtained from here.
- Applications take five working days to process
- Guide to Investing in Fiji
- Post Registration Checklist
3. Office of Registrar of Companies (ROC) will then:
- Register business/company names by issuing a certificate
- ROC checklist
- ROC addtional requirements to meet Fiji Revenue and Customs Authority TIN requirement
4. Immigration Department www.immigration.gov.fj
The investor will then need to apply to the Department of Immigration who will:
- Check criminal history/connection and character as required by the Immigration Act
- Issue key post work permits to foreign investors
- Work Permit Checklist
5. Reserve Bank of Fiji (RBF) https://www.rbf.gov.fj/
Once registered with Investment Fiji, a foreign investor holding a FIRC must apply directly to the RBF who will:
- Approve the issue and transfer of shares to non-residents
- Confirm the remittance of investment from offshore
- Check veracity of individuals seeking transaction approvals where required by RBF procedure
- Issue & Transfer of Securities to Foreign Citizens
6. Fiji Revenue & Customs Authority (FRCA) www.frca.org.fj
- Ensure ROC registration has been obtained prior to processing applications
- Register the enterprise for Income Tax, PAYE & VAT purposes, and issue Tax Identification Numbers (TIN) provided enterprises comply with application requirements.
- Tax Registration Checklist
7. City/Town Council Business Licenses
- Rakiraki Town Council www.rakirakitowncouncil.com
- Lautoka City Council https://www.lautokacitycouncil.com.fj/
8. Fiji National Provident Fund www.myfnpf.com.fj
- Registration of employee and employer – superannuation.
9. Other Government Agencies – depending on the nature of business.