How to Register a Business in Kiribati

Kiribati is an island nation located in the Pacific Ocean. The country has a growing economy, making it an attractive location for entrepreneurs who want to start a business. If you are considering starting a business in Kiribati, this article will guide you through the process of registering your business.

Choose a Business Structure

The first step in registering your business in Kiribati is to choose a business structure. There are several business structures to choose from, including sole proprietorship, partnership, limited liability company (LLC), and corporation. The most common business structure in Kiribati is a sole proprietorship.

Reserve a Business Name

After choosing a business structure, you will need to reserve a business name. Your business name must be unique and not already in use by another company in Kiribati. You can reserve your business name at the Registrar of Companies.

Obtain a Business License

All businesses in Kiribati are required to obtain a business license. The type of license you need will depend on the nature of your business. You can obtain a business license from the Ministry of Commerce, Industry, and Cooperatives.

Register for Taxes

After obtaining a business license, you will need to register for taxes. You will need to obtain a Taxpayer Identification Number (TIN) from the Ministry of Finance and Economic Development. You will also need to register for Value Added Tax (VAT) if your business is involved in the sale of goods or services.

Register with the Registrar of Companies

The final step in registering your business in Kiribati is to register with the Registrar of Companies. You will need to provide your business name, business structure, business address, and the names and addresses of your company directors. You will also need to pay a registration fee.

How we can help you

If you are considering forming a business or you need expert help with company registration in Kiribati, MagickFormations™ is ready to assist you with its skilled team of lawyers, consultants and tax experts. We are committed to making the process as stress-free and streamlined as possible for you, and we will take care of all your document preparation and administrative tasks regarding the registration forms, payment of government fees, local address registration, banking support, etc., whilst always keeping your exact objectives and unique vision in mind throughout the process.

Please use our Formation Wizard if you would like to set up your registered company in Kiribati or if you would like to know the costs involved prior to proceeding with our exceptional services. For other queries and special requests for complex or customised company formation services, please contact us at connect@magickgroup.com