Starting a Business

Staff Reporter | 7:08 AM |
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.
Procedures
1. Check the uniqueness of the proposed company name and reserve name 

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).

2. Obtain declaration of due compliance sworn by lawyer 

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. 

3. Register the company with the Companies Registrar 

The registration fees vary depending on the authorised capital of the company.
4. Obtain the compliance letter from the Minister of Labour after inspection 
    This varies from country to country
5. Apply for a business license from the relevant licensing authority ( Suva City  Council) 

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.
6. Register as an employer with your National Provident Fund