Country overview

#137

Fiji

Country stats

Rating Points

This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.

Crypto Penetration

Estimated percentage of crypto users out of the country's total population based on public data.

Legal Entities

Number of crypto companies registered in the country based on regulator data if available or other types of public data.

Regulation Points

An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.

Amount of crypto users

9 000

Total amount of crypto users out of the country's total population based on public data.

Taxation points

This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.

Market volume points

A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.

Status of crypto

No info

General status of cryptocurrency regulation in this jurisdiction.

Crypto payments

No info

The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.

Security Level

Moderate danger

The overall level of security in a given country based on open data.

Crypto Salaries

No info

The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.

Business Climate

No info

Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.

Stablecoin Regulation

No info

This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.

Bad Factors

This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.

Types of licenses

No licenses exist

Good

Medium

Bad

intro

This is general info about crypto regulation in Fiji. The more precise overview will be published later. However, if you find any inaccuracy or have other feedback - please write us in telegram @ilya_ii or by e-mail - editor@cryptopenetration.com

Fiji is an independent state located in Oceania. Based on Wikipedia (1) this country has total area 18300 km2 and states of 330 islands. The population is about 924,000.

According to Farandawayadventures (2) it’s possible to visit Fiji up to four months without visa. Also Fiji has an long term nomad visa which allows to live in the country for 2 years and it’s also renewable. To get this visa an applicant needs to have at least $50,000 in savings.

Also Fiji may be popular as an offshore jurisdiction according to PLN review (3). It is not a member of OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC) and Global Forum on Transparency and Exchange of Information for Tax Purposes. Fiji is included into EU Tax Haven List.

Security level

Fiji has a moderate danger security level according to our rating. It has 57 from 100 points in Numbeo crime rating (4). The homicide level (5) is 2.2 per 100,000 inhabitants a year.

Crypto Payments

Currently we have no information about regulation of crypto payments in Fiji. Probably, there is no regulation for crypto payments in the country.

Crypto Salaries

Currently we have no information about regulation of crypto payroll in Fiji. Probably, there is no regulation for crypto salaries in the country.

Legal

According to Wikipedia (6), new local Prime Minister Sitiveni Rabuka was going to make Bitcoin legal tender (7) in 2023. However, we haven’t find any confirmation of it.

At the same time in 2021 Fiji Financial Intelligence Unit (FIU) has published a press release (8) about cryptocurrency scams in the country. It seems, that Fiji still has no crypto regulation at all.

Taxation

Based on Munroleyslaw (9) Fiji has a progressive PIT rate between 18-39%. Basic corporate income tax in Fiji is 25%. Also Fiji has some tax benefits for export companies and companies headquartered in the country.

Links

1)👉🏻Fiji Wikipedia

2)👉🏻Farandawayadventures Fiji for Digital Nomads: Working in Paradise

3)👉🏻PLN Fiji and Vanuatu amongst the Pacific nations that now appear on EU blacklist

4)👉🏻Crime in Fiji Numbeo

5)👉🏻Wikipedia List of countries by intentional homicide rate

6)👉🏻Wikipedia Legality_of_cryptocurrency_by_country_or_territory

7)👉🏻Binance Will Fiji Legalize BTC…?

8)👉🏻FijiFIU Press Release

9)👉🏻Munro Leys Law Fiji Tax Rates

Articles

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Asia and Africa are the most perspective crypto markets by amount of users, and we review crypto legislation in key countries in these regions.

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Nomad Visas and Crypto Regulation in Thailand

Short overview of available options to move Thai for crypto nomads

intro

Fiji is an independent state located in Oceania. Based on Wikipedia (1) this country has total area 18300 km2 and states of 330 islands. The population is about 924,000.

Security level

Fiji has a moderate danger security level according to our rating. It has 57 from 100 points in Numbeo crime rating (4). The homicide level (5) is 2.2 per 100,000 inhabitants a year.

Crypto Payments

Currently we have no information about regulation of crypto payments in Fiji. Probably, there is no regulation for crypto payments in the country.

Crypto Salaries

Currently we have no information about regulation of crypto payroll in Fiji. Probably, there is no regulation for crypto salaries in the country.

Legal

According to Wikipedia (6), new local Prime Minister Sitiveni Rabuka was going to make Bitcoin legal tender (7) in 2023. However, we haven’t find any confirmation of it.

At the same time in 2021 Fiji Financial Intelligence Unit (FIU) has published a press release (8) about cryptocurrency scams in the country. It seems, that Fiji still has no crypto regulation at all.

Taxation

Links

1)👉🏻Fiji Wikipedia

2)👉🏻Farandawayadventures Fiji for Digital Nomads: Working in Paradise

3)👉🏻PLN Fiji and Vanuatu amongst the Pacific nations that now appear on EU blacklist

4)👉🏻Crime in Fiji Numbeo

5)👉🏻Wikipedia List of countries by intentional homicide rate

6)👉🏻Wikipedia Legality_of_cryptocurrency_by_country_or_territory

7)👉🏻Binance Will Fiji Legalize BTC…?

8)👉🏻FijiFIU Press Release

9)👉🏻Munro Leys Law Fiji Tax Rates