Fiji
The ISO code of Fiji is FJ according to the ISO 3166 standard. The local name of the country is the same as its English name. Fiji capital city is Suva. People in Fiji speak the English, Fiji Hindi, and Fijian languages. On 10 October 1970, Fiji emerged as a sovereign political entity. In the year 10/10/1970, Fiji emerged as a sovereign political entity. The largest city in Fiji is Suva.
Fiji is located in the UTC +12:00 time zone, which is also called Fiji Time or FJT. The internet country code top-level domain (ccTLD) for Fiji is .fj. The International dialing code for Fiji is 679. People in Fiji drive on the left side of the road. Total land area of Fiji is 18,274 km² (approx. 7,056 mi²). Fiji is not a landlocked country. It means that is is bordered by at least one major body of water.
Fiji is located in Oceania. Fiji is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Fiji faces various issues, including deforestation, soil erosion.
Doing business in Fiji
We offer various corporate services in Fiji jurisdiction. These services can serve both, people coming from Fiji and foreigners. If you plan on doing business in Fiji you might be interested in contacting us.
To find out about starting your business in Fiji click on company formation in Fiji.
To find out how to open a bank account in Fiji and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Fiji.
Choose preferred service below or continue reading to find out more about Fiji.
Demographics of Fiji
The total population of Fiji is 912,241 people. In Fiji, the population density is 47 people per square kilometer (122 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Fiji is 0.5479. Fiji has approximately 13751 foreign immigrants. The median age is approximately 27.9 years. In Fiji, 33.74 in every 100 people use internet. Fiji has a Human Development Index (HDI) of 0.724.
The majority religion of Fiji is Christianity, Fiji is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Fiji.
Culture of Fiji
People in Fiji speak the English, Fiji Hindi, and Fijian languages. According to data on inbound tourists in Fiji, 658,000 tourists arrive in the country each year. The first McDonalds in Fiji was opened on 1 May 1996, and it was located in Suva. One of the most popular national dishes of Fiji is kokoda. To read more click on culture of Fiji.
Geography of Fiji
Fiji is considered to be a large nation because of its total area. Its total land area is 18,274 km² (approx. 7,056 mi²). Fiji is located in Oceania. Its capital city is Suva. Fiji has no land borders.
The highest point of Fiji is Tomanivi, with its official height being 1324 m (4,344 ft). Including land mass and EEZ, the total area of Fiji is approximately 1,301,252 km² (~502,414 mi²). The most notable natural resources found in Fiji are timber, fish, gold, copper, oil, hydropower.To read more click on geography of Fiji.
Economy of Fiji
The currency of the country is Fijian dollar. The symbol used for this currency is $, and it is abbreviated as FJD. 6.3% of population in the country are unemployed. The total number of unemployed people in Fiji is 57,471. Each year, Fiji exports around $1.03 billion and imports roughly $2.05 billion. The Gini Index of the country is 42.8. Fiji has a Human Development Index (HDI) of 0.724.Fiji has a government debt of 23.2% of the country's Gross Domestic Product (GDP), as assessed in 2012. Fiji is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, sugar, clothing, copra, gold, silver, lumber, small cottage industries.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Fiji is $7,404 billion. Each year, consumers spend around $2,713 million. The ratio of consumer spending to GDP in Fiji is 0%, and the ratio of consumer spending to the world consumer market is 0.0079. The corporate tax in Fiji is set at 20%. Personal income tax ranges from 0% to 20%, depending on your specific situation and income level. VAT in Fiji is 15%. In 2013, Fiji received 107.3 million USD in foreign aid.In 2014, the foreign aid amounted to 78.9 USD.To read more click on economy of Fiji.
Infrastructure of Fiji
Infrastructure quality in Fiji is rated to be at 2.47. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Fiji, 59.3% of the population has access to electricity. There are 21,739 internet hosts in Fiji. Fiji has 28 airports nationwide.
The logistics performance index of Fiji is 2.55. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 2.47. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.
To read more click on infrastructure of Fiji.
Politics of Fiji
Fiji, is a unitary parliamentary republic. With regard to political and civil freedoms, Fiji is 2. Citizens in Fiji experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Fiji, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is George Konrote.
According to the World Bank Group, the government effectiveness index of Fiji is -0.37. This indicates that the government of Fiji is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Fiji before considering any business maneuvers.In Fiji, the legislative power is vested in a Parliament. The strength of legal rights index for Fiji is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Fiji received 107.3 million USD in foreign aid. In 2014, the foreign aid amounted to 78.9 USD. Fiji is a member of the United Nations (UN). On 13 October 1970, it joined the UN as a full member state. Fiji is a member of the World Bank. To read more click on politics of Fiji.
Environment of Fiji
Fiji emits 1.4 metric tons per capita of CO2. 10000 km² of Fiji's territory is covered in forests. and forest land comprises 55% of all the land in the country. To read more click on environment of Fiji.
Company formation in Fiji
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Fiji.
When establishing a company in Fiji, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Fiji that will affect the establishment and growth of one's business. Contact us or click on company formation in Fiji to read additional information when setting up a business.
Bank account opening in Fiji
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Fiji. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Fiji, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Fiji or contact us.