Overseas investor · Branch
Australian engineering contractor sets up in Fiji to deliver a resort contract
- The challenge
- The client had won work at a major Fiji resort and needed a Fiji presence fast, without bringing in the full FJ$300,000 minimum investment.
- What we did
- Registered the Fiji branch, obtained the branch and director TINs, built a business plan with three-year projections, applied for the minimum investment waiver and lodged the director's investor permit.
Result: branch registered, minimum investment waiver approved and investor permit granted. The client is now bringing in a team to train local staff.
Local start-up · Finance
New Fiji transport business secures development bank finance
- The challenge
- A start-up providing accessible transport needed bank finance to rebuild its vehicles, and a clear view of the loan terms before signing.
- What we did
- Prepared the loan application pack with financial projections, then reviewed the bank's letter of offer against the approved terms before the directors signed.
Result: the loan was approved and the letter of offer signed.
Overseas investor · Reserve Bank
Overseas resort owner regularises offshore funding
- The challenge
- Funds had been paid into the Fiji operation from the overseas head office without the Reserve Bank paperwork in place, holding up future payments.
- What we did
- Prepared the Reserve Bank exchange control applications to formalise the funding and the FRCS tax clearance needed to send money back offshore.
Result: Reserve Bank confirmations obtained, so future remittances can go through the bank.
Overseas investor · Company setup
Investor family from Korea starts a travel business in Nadi
- The challenge
- A husband and wife wanted to set up an inbound travel company, with the investor permit covering their two children.
- What we did
- Advised on the company name and structure, incorporated the company, prepared the business profile and Reserve Bank application, lodged the minimum investment waiver and the family's investor permit.
Status: company registered and the minimum investment waiver approved. The family's investor permits are now being lodged.
Outsourced accounting · New Zealand group
NZ-linked aviation services company gets its Xero file and payroll back on track
- The challenge
- The Fiji company bills its New Zealand parent each month, but its Xero file had fallen behind, VAT coding was wrong and PAYE and FNPF did not agree with the bank.
- What we did
- Imported and reconciled the missing bank statements, recoded overseas and export transactions for VAT, set up a fixed asset register, reconciled every PAYE and FNPF payment to the tax office and FNPF records, and posted the year-end corrections.
Result: the year's accounts reconciled and ready for lodgement, with monthly bookkeeping now handled by our team from statements the client emails in.
Outsourced compliance · New Zealand owners
New Zealand-owned company stays compliant in Fiji without a local finance team
- The challenge
- The owners run the business from New Zealand and needed someone in Fiji to handle registrations, levies and its first-year returns.
- What we did
- Registered the company for the FNU training levy, lodged its levy returns back to its first year of operation, and took on its first financial statements and income tax return.
Result: registered with FNU and the levy lodged and paid on time, with ongoing compliance handled from Fiji.
Remote client · Australia
Australian owner of a Fiji holiday villa has VAT handled from overseas
- The challenge
- The owner lives in Australia and needed quarterly VAT returns for a Fiji villa rental without travelling to Fiji or keeping local records.
- What we did
- Prepare each quarter's VAT return from the villa manager's owner statements and the invoices the owner emails, and lodge it with FRCS as tax agent.
Result: VAT returns lodged every quarter from documents sent by email, with no local paperwork needed from the owner.
Local business · Company setup
Nadi retailer registered and ready to trade in two days
- The challenge
- A local owner buying a mini mart needed a company, tax registrations and the trading name moved into it quickly so the purchase could settle.
- What we did
- Incorporated the company, registered it with FRCS for income tax, VAT and PAYE, started the transfer of the trading name and set up a monthly VAT, PAYE and FNPF package.
Result: company registered on the day we lodged, FRCS registrations confirmed two days later, and the business on a fixed monthly fee.
