Fiji - Apply for Transfer of Shares

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Procedure

Apply In-Person:

1. To Apply for Transfer of Shares, the applicant must visit the Reserve Bank of Fiji. Land Trust Board office in Fiji. Contact Link
2. The application form must be obtained from the authorities in the Reserve Bank, or else it can be downloaded from the website. Application Form
3. Firstly, to proceed with the Transfer of Shares, the applicant must have filed the “Issue of Shares” Application Form
4. Make sure that you have all the documents that are mentioned in the “Required Documents” section of this page.
5. The application form should be filled with necessary details, and along with the required documents, it should be submitted to the respective authority in the Reserve Bank.
6. After submitting application and required documents, the authorities in Reserve Bank will analyse the application.
7. If the details in the application are legitimate with supporting documents, then the approval to transfer the shares will be granted to the applicant.
8. The fee details and the processing time of the application will be intimated to the applicant while applying.

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Required Documents

• Application Form
• Form I-2. (Issue of Shares). Form
• Document Required are:
  • 5.1 - Investment Fiji’s letter acknowledging the change in shareholding.
  • 5.2 - Signed copies of the share transfer documents.
  • 5.3 - Capital Gains Tax Certificate
  • 5.4 - Share valuation by a Fiji registered Chartered Accountant in public practice if the share consideration is more than $1m, otherwise, a copy of company’s latest audited accounts.
  • 5.5 - Confirmation on where the settlement will be effected. i.e., offshore or onshore.
  • 5.6 - A letter from the Fiji Revenue and Customs Service confirming that no tax implication (or otherwise) will arise from the share transfer (s).
  • 5.7 - Bank confirmation for the receipt of the ‘share consideration’ from offshore and credited into a F$ resident account.
  • 5.8 - Director’s resolution on the share transfer.

If TRANSFER OF SECURITIES BETWEEN NON-RESIDENTS, documents required are:

• 5.1, 5.2, 5.3, 5.4, 5.5, 5.6, 5.8

If TRANSFER OF SECURITIES FROM NON-RESIDENT(S) TO RESIDENT(S), documents required are:

• 5.1, 5.2, 5.3, 5.4, 5.7

If TRANSFER OF SECURITIES FROM RESIDENTS (S) TO NON-RESIDENT(S), documents required are:

• 5.1, 5.2, 5.3, 5.4, 5.7, 5.8
• Other documents requested by the authorities after filing the application.

Note: The company has to first comply with the issue of shares requirements before any shares can be transferred.

Office Locations & Contacts

RESERVE BANK OF FIJI
Reserve Bank Building, Pratt St, Suva, Fiji.
Postal Address: Private Mail Bag,Suva, Fiji.
Phone: (679) 331 3611
Fax: (679) 330 2094
Email: [email protected]
Address & Contact Link

Eligibility

• The company registered with Fiji Investment is eligible to apply for Transfer of Shares (Securities) to the Resident and Non-Resident Individuals application.

Fees

• The fees details for the application will be intimated to the applicant while applying.

Validity

• The validity period will be intimated in the approval letter issued to the applicant by the Reserve Bank of Fiji.

Documents to Use

• Application Form
• Form

Sample Documents

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Processing Time

• The processing time will be intimated to the applicant while applying.

Related Videos

Videos explaining the procedure or to fill the applications.
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Instructions

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Required Information

• TRANSFER OF SECURITIES BETWEEN NON-RESIDENTS
• TRANSFER OF SECURITIES FROM NON-RESIDENT(S) TO RESIDENT(S)
• TRANSFER OF SECURITIES FROM RESIDENTS (S) TO NON-RESIDENT(S)
• Name of Company

CAPITAL STRUCTURE

• Current Structure/Proposed Structure
• LOCAL/FOREIGN
• Issue Capital (in $)
• Paid Up Capital (in $)

NON-RESIDENT SHAREHOLDERS

• Names of Transferor
• Name of Transferee
• Number of shares to be Transferred & Consideration
• Full Name & Address of the Applicant (including agent of the proponents)
• Name
• Telephone Number
• Postal Address
• Signature
• Date

Need for the Document

• In order to transfer the shares of the company from one person to another, the company must notify and get approval from the Reserve Bank in Fiji.

Information which might help

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Other uses of the Document/Certificate

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External Links

• External Link
• External Link

Others

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