Below is a summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm and it various from country to country. It examines the procedures in launching a commercial or industrial firm with up to 50 employees.
The entrepreneur must first conduct a search of the Companies, Business Names, and Trade Marks Register to ensure that the name applied for is not confusingly similar (1–2 days).
The Declaration of Due Compliance can be sworn by a lawyer engaged in the formation of the company or by a director or secretary who is named in the Articles of Association of the company as a director or secretary.
The registration fees vary depending on the authorised capital of the company.
This varies from country to country
The company must obtain a business license from the relevant licensing authority for each place it carries out business. This license is renewable annually. Depending on the activity, the fees range from FJD 100 to FJD 500. The list of industries is comprehensive.