Published
Sep 4, 2023
Updates:
Sep 16, 2024
Fiji
Price:
Delivery:
Legal forms:
Payment methods:
3 weeks
FJ, LTD, PLC
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Fiji
$
3000
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Location
Capital
Official languages
Population
Currency
ISO 4217
Suva
Fiji
English, Fijian, Hindustani
936,375
FJD
Fijian Dollar
Delivery
-
Certificate of incorporation
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Articles of association
-
Meeting minutes
-
Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Fiji
Q: What is the process for forming a company in Fiji?
A: The process for forming a company in Fiji involves submitting an application to the Registrar of Companies, obtaining a business license, and registering for taxes.
Q: What are the different types of companies I can form in Fiji?
A: The most common types of companies in Fiji are the Private Limited Company and the Public Company.
Q: What is a Private Limited Company?
A: A Private Limited Company is a type of company where the liability of the shareholders is limited to their share capital contribution. This means that the personal assets of shareholders are protected in case of the company's debts or bankruptcy.
Q: What is a Public Company?
A: A Public Company is a type of company that offers shares to the public and can be listed on a stock exchange.
Q: What are the minimum requirements for company formation in Fiji?
A: The minimum requirements for company formation in Fiji include having at least one shareholder, a registered office address, a share capital of at least FJD 10,000, and at least one director.
Q: How long does it take to form a company in Fiji?
A: The time it takes to form a company in Fiji can take up to 2-3 weeks, depending on the completeness of the application and the workload of the Registrar of Companies.
Q: What are the tax implications of forming a company in Fiji?
A: Companies in Fiji are subject to a corporate tax rate of 20% on their taxable profits. There is also a value-added tax of 9% on goods and services sold in Fiji.
Q: What are the ongoing compliance requirements for companies in Fiji?
A: Companies in Fiji are subject to ongoing compliance requirements, including filing annual financial statements, maintaining proper accounting records, and renewing their business license and other permits as required. It is important to work with a qualified professional to ensure that you remain compliant with all applicable laws and regulations.
Fiji is a small island nation located in the South Pacific Ocean. It has a population of around 900,000 people and a GDP of $7.3 billion. The economy of Fiji is largely based on tourism, with the sector accounting for around 30% of the country’s GDP. Other major contributors to the economy include agriculture, forestry, and fishing. The unemployment rate in Fiji is around 6.2%, and the inflation rate is around 2.2%. The Fijian dollar is the official currency of the country. The World Bank has rated Fiji as a lower-middle-income economy, with a Human Development Index of 0.717. The country has seen steady economic growth in recent years, with a growth rate of 3.2% in 2019. The government of Fiji has implemented various reforms to improve the country’s economic performance, including the introduction of a Value Added Tax and the liberalization of the foreign exchange market. Overall, Fiji has a stable and growing economy, with a bright future ahead.
In Egypt, both individuals and corporations are subject to taxation. The tax system in Egypt is overseen by the Egyptian Tax Authority (ETA) which is responsible for collecting and enforcing tax laws.
Corporate Taxation:
Corporations in Egypt are subject to a flat tax rate of 22.5% on their net profits. However, certain industries such as oil and gas, mining, and telecommunications are subject to different tax rates. Additionally, corporations must also pay a value-added tax (VAT) on their goods and services which is set at a standard rate of 14%.
Personal Taxation:
Individuals in Egypt are subject to a progressive income tax system which ranges from 0% to 22.5% based on their income bracket. The tax rate starts at 0% for individuals earning up to EGP 8,000 annually, and gradually increases up to 22.5% for individuals earning over EGP 200,000 annually.
Tax Payment Process:
The Egyptian tax year runs from July 1st to June 30th of the following year. Both corporations and individuals are required to file their tax returns annually, with the deadline for filing being April 30th of the following year.
To make tax payments, taxpayers must obtain a tax identification number (TIN) from the ETA. Taxpayers can make their payments in person at any bank authorized by the ETA, or online via the ETA's e-filing system. In addition to income tax and VAT, taxpayers may also be subject to other taxes such as stamp duty and real estate tax.
In summary, the tax system in Egypt includes both corporate and personal taxation with a flat tax rate of 22.5% for corporations and a progressive income tax system for individuals. The tax year runs from July 1st to June 30th with the deadline for filing tax returns being April 30th of the following year. Taxpayers can make their payments in person at authorized banks or online via the ETA's e-filing system.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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