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Get to Know About Fiji
Fiji is an archipelago in the South Pacific Ocean, which is east of Australia. The total land area covers 18,274 square kilometers with 884,887 inhabitants in the country (2017 census). Most Fijians are Christians and English is their official language. They use Fijian Dollar (FJD) as their official currency. The country has a warm tropical climate.
The Gross Domestic Product (GDP) in Fiji is worth 5.48 billion US dollars. And its GDP per capita is around $4,858.50. The Corporate Tax Rate stands at 20 percent which attracts most companies to enter the country.
Adhering to the country’s regulations when it comes to doing business in Fiji is easy. Most nationals who are part of visa-exempt countries can enter Fiji without a need for a visa and that is valid for three months. Two permits are existing in Fiji. The Work Permit for Non-Citizen Skilled Contracted Workers or Long term Work Permit (LTWP), which is valid for three years, and Short Term Work Permit, which is valid for six months or less. There is a lot of paperwork to do if you’re planning to operate legally in the country. Some of the requirements you need are permanent residence permit, business permit, and other related licenses.
The challenges in Fiji include lack of workforce, natural disasters (including drought and cyclones), government requirements on remittances and permits, poor infrastructure in rural areas, relatively high costs of utilities (power and communication) and geographic isolation. Well, these things are expected as the country is divided into various islands, thus making things difficult.