Licensing Criteria and Procedures for Applying for Fiji Foreign Exchange Dealer License
General information
Company structure
- Minimum 1 director (no nationality restrictions)
- Minimum 1 shareholder(no nationality restrictions)
Taxation
- Value added tax (VAT) - 9%
- Company Corporate Tax - 20% (Loss carryback years)
- Withholding Taxes: Dividends: 0/15%, Interests: 10%, Royalties: 15%
- 8 Tax treaties: New Zealand, Japan, Australia, UK, Singapore, UAE, Malaysia, South Korea
Accounting & Audit
- The Regulator may determine in its discretion to have accounts of the company audited. Offshorelicense can provide auditors if it will be required.
Secretary - Required
Registered Agent - Required
Registered office - Required
Company name
- Language: Any
- Letters: From Roman alphabet
- Names having royal, national, international, and commercial or other significance are prohibited
- Names that are misleading or deceptive are prohibited
- Identical or almost identical names are prohibited
- Offensive names are prohibited
- An only suffix “Limited” is allowed. After incorporation, the suffix “Ltd” can be used everywhere
In order to obtain a license, the following steps will be carried out:
- Application for reservation of company
- Preparation and submission of the application and documents to the Registry
- Incorporation of the company
- Opening of the bank account of the client’s choice
- Obtaining the Money Changer or Foreign Exchange Dealer License
Please note that Memorandum & Articles of Association needs to be signed by the Shareholders and returned in original to Offshorelicense office.
In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.
For that reason, please provide us with the following documents.
- A certified copy of a valid passport (of each Director and Shareholder of the company)
- Recent copy of proof of address in English (ex. utility bill of each Director and Shareholder)
- Bank reference Letter (of each Director and Shareholder) (Optional)
- CV (of each Director and Shareholder)
- Character references of Principal Officer from the previous employers
- Certified true likeness passport photos of the shareholders and directors (minimum 3 copies)
- Certified true copies of the police reports (of each Director and Shareholder of the company)
In the case if the shareholder is a company, needs to provide:
- - Copy of the last annual/financial return
- - Certified true copy certificate of registration
- - List of shareholders
N.B.
- If documents are not in English language or language of particular country, then they must be accompanied by a notarized translation.
- Please ensure that notarization is in English language if not then please provide with notarized English translation.