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Pacific island nation with tourism and offshore services
Region
OCEANIA
Corporate Tax
25%
Setup Time
3 weeks
Currency
FJD
Fiji, an archipelago in the South Pacific, offers relative accessibility and development compared to Pacific neighbors. The country's investment incentives and company registration framework support business setup for regional operations and tourism-related ventures.
With a population of 930,000, Fiji provides Pacific island living with moderate infrastructure. English, Fijian, and Hindi are official languages, with English predominant in business. The tropical climate is pleasant, with cyclone risk during wet season.
Healthcare is limited, with serious cases potentially requiring evacuation to Australia or New Zealand. Safety is generally acceptable, with political stability improved from historical coup concerns. The cost of living is moderate.
The natural beauty and friendly culture attract tourists and lifestyle migrants.
Corporate tax rate stands at 20%. Personal income tax reaches 20%. VAT applies at 9%. Investment incentives including tax holidays are available for approved projects.
The Fiji dollar is managed by the Reserve Bank. The economy depends significantly on tourism and sugar. Investment Fiji promotes foreign investment in priority sectors.
Company registration through the Registrar of Companies is established. Private companies require minimum one shareholder and one director. Foreign ownership is permitted with Investment Fiji approval for certain activities.
Company formation takes approximately 1-2 weeks. Minimum capital requirements are modest. Annual returns are required.
Fiji has not established a specific crypto license framework. The Reserve Bank has issued cautionary statements. Cryptocurrency businesses face regulatory uncertainty.
The Ministry of Economy regulates gaming, primarily focused on tourism-integrated casinos. Online gambling license frameworks are not well-developed for international operations.
Geographic remoteness creates logistics challenges and adds cost. The small domestic market limits purely local opportunities. Infrastructure outside main islands is limited.
Banking access is available through local banks but services may be basic. Professional services are limited. Fiji serves as a relative hub for surrounding Pacific nations.
Fiji suits tourism-related operations, Pacific regional business, and investors qualifying for incentive programs for their business setup.
Local: Ltd
Local: Ltd
Local: Branch
| Corporate Tax Rate | 25% |
| Personal Income Tax Rate | 20% |
| VAT / Sales Tax | 12.5% |
| Capital Gains Tax | 0% |
| Withholding Tax | 15% |
| Reduced Corporate Tax Available | Yes |
| Non-Resident Withholding Exempt | No |
| Tax Treaty Network | Yes |
| Banking Access | MEDIUM |
| Financial Privacy | LOW |
| Currency Controls | SOME |
| Local Bank Account Required | Yes |
| Non-Resident Bank Account Allowed | No |
| Physical Presence for Banking | Yes |
| Banks Restrictive (High Risk) | Yes |
| AML Officer Required | Yes |
| MLRO Required | No |
| Compliance Officer Required | Yes |
| Data Protection Officer Required | No |
| Bookkeeping Frequency | Annual |
| Local Bookkeeping Required | Yes |
| Mandatory Audit | No |
N/A - All virtual asset service provider activities are prohibited in Fiji effective August 30, 2025 under amendments to the Reserve Bank of Fiji Act 1983. Penalties include fines up to FJD 1,000,000 or 14 years imprisonment.
| License Required | Yes |
| Local Director Required | Yes |
| Local AML Director Required | No |
| Local Legal Address Required | Yes |
| Local Physical Office Required | Yes |
| Required Share Capital | $0 |
| Capital Maintained in Account | No |
| Compliance Program Required | Yes |
| Travel Rule Compliance | N/A for gambling |
| Business Plan Required | Business plan and operational details required for license application |
| Personnel Required | Licensed operators must be at least 21 years old |
| Insurance Required | No |
| Remote Incorporation Possible | No |
| 100% Foreign Ownership | No |
| Min. Shareholders | 1 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | No |
| Registry Access | Gaming licenses regulated under Gaming Act 2009 |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Annual |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | No |
| Compliance Audit Mandatory | No |
| Technical Audit Mandatory | No |
| Corporate Income Tax Applicable | Yes |
| Dividend Tax Applicable | No |
| Capital Gains Tax Applicable | Yes |
| Territorial Tax Regime | No |
| VAT Applicable | No |
| Regulators | President of Fiji and Ministry of Justice (Gaming Act 2009) |
| Licensing Fee | $0 |
| Licensing Fee Details | Licensing fees vary by class. Class I (charitable/small-scale) has simplified requirements. Class II (commercial gaming) has stricter requirements. Class III (casinos) - NO new casino licenses are currently being issued pending policy review. |
| Permitted Business Models | Class I (charitable), Class II (commercial gaming machines, bingo, raffles) |
| Permitted Activities | Lotteries, sweepstakes, gaming competitions (prizes over FJD 100 require approval), bingo, gaming machines at licensed venues. Remote gambling permitted only via telephone, radio, or television. |
| Restricted Activities | Casino gambling (no licenses currently issued), online gambling restricted |
| Cross-Border Service Allowed | No |
| Physical Inspection Required | Yes |
| Player Fund Segregation | No |
| B2B/B2C Separate Requirements | No |
| License Required | Yes |
| Local Director Required | Yes |
| Local AML Director Required | Yes |
| Local Legal Address Required | Yes |
| Local Physical Office Required | Yes |
| Required Share Capital | $0 |
| Capital Maintained in Account | Yes |
| Compliance Program Required | Yes |
| Travel Rule Compliance | FATF member via APG, FTR Act compliance required |
| Business Plan Required | Comprehensive 3-year business plan with financial projections required |
| Personnel Required | Fit and proper directors, qualified management, Compliance Officer, AML Officer |
| Insurance Required | Yes |
| Insurance Details | Professional indemnity insurance required for insurance brokers and certain financial institutions |
| Remote Incorporation Possible | No |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 1 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | Yes |
| Registry Access | Reserve Bank of Fiji publishes list of licensed entities at https://www.rbf.gov.fj/core-functions/financial-stability/licensing/ |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Annual |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | Yes |
| Compliance Audit Mandatory | Yes |
| Technical Audit Mandatory | No |
| Corporate Income Tax Applicable | Yes |
| Dividend Tax Applicable | Yes |
| Capital Gains Tax Applicable | Yes |
| Territorial Tax Regime | No |
| VAT Applicable | Yes |
| Regulators | Reserve Bank of Fiji (RBF) - Banking Act 1995, Insurance Act, Companies Act 2015 |
| Licensing Fee | $0 |
| Licensing Fee Details | Fees vary by license type. Commercial banking, credit institutions, insurance companies, insurance brokers, payment service providers, and capital market intermediaries all require RBF licensing with specific capital and operational requirements. |
| Permitted Business Models | Commercial banking, credit institutions, insurance (life and general), insurance brokers, payment service providers, foreign exchange dealers, money changers, securities exchange, managed investment schemes |
| Permitted Activities | Deposit-taking (banks), lending, insurance underwriting, payment processing, foreign exchange, securities trading |
| Restricted Activities | Banking without license, unlicensed insurance, unlicensed securities trading |
| Cross-Border Service Allowed | No |
| Physical Inspection Required | Yes |