The underlying legal code in Fiji is common law law. Common law is a good legal foundation for your company. One is permitted to electronically sign documents.
The letters FJ is for Fiji and the most common company type in Fiji is a LLC.
The time to setup is usually 59 days to incorporate a LLC in FJ. is 0, This means you don't have any minimum share capital. The types of cash you can use to setup your company is frequently legal currency.
Yes, one is allowed to re-domicile a LLC from FJ. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least This means it is not possible for you to own a LLC in Fiji as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is permitted, up to 100% of the ownership of the LLC.
There is a requirement to have at least 3 directors. Moreover, corporate directors are not permitted. Directors are disclosed publicly. There is a requirement to have annual meetings of shareholders.
A registered legal firm must be retained for an address, paid by the company on an annual basis, for a legal services company which can receive litigation or other legal process on behalf of the company. Furthermore, a company secretary is required by law.
There is a requirement to file accounts to relevant authorities. However, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Fiji, Fiji Revenue and Customs Authority. Shareholders are not disclosed in the Fiji Revenue and Customs Authority.
Typically companies take 59 days to setup and there are 3 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Fiji is a ok option and have given it a score of 65 as an IO score, using the Incorporations.IO proprietary formula.
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