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Price:

Delivery:

Legal forms:

Payment methods:

$500

3 months

Inc., Ltd., LLC.

Document checklist:

1.Passport
2.Proof of Residence 

Requirements:

Local legal address (Handled by B2B Hub) 

Tonga

Registrar

Abbreviation 

Email

Phone

Location

Capital

Official languages

Population

Currency

ISO 4217

Nukuʻalofa

Tonga

Tongan

107,773

TOP

Pa'anga

Directory of companies
Open website

Delivery

  • Certificate of incorporation 

  • Articles of association

  • Meeting minutes 

  • Company stamp

FAQ for company formation in Tonga

FAQ for Company Formation in Tonga:


Q: What is the legal system in Tonga?

A: Tonga has a mixed legal system based on English common law and traditional customary law.


Q: What are the types of companies that can be formed in Tonga?

A: Companies that can be formed in Tonga include private companies limited by shares, public companies, and exempted companies.


Q: What is a private company limited by shares?

A: A private company limited by shares is a type of company that has limited liability and is owned by shareholders.


Q: What is a public company?

A: A public company is a type of company that is listed on the stock exchange and can offer shares to the public.


Q: What is an exempted company?

A: An exempted company is a type of company that is exempt from certain provisions of Tongan law and is often used for offshore business.


Q: What are the requirements for company formation in Tonga?

A: The requirements for company formation in Tonga include a minimum of one shareholder and one director, a registered office in Tonga, and a minimum share capital of TOP 1,000.


Q: What is the process for company formation in Tonga?

A: The process for company formation in Tonga involves registering the company with the Ministry of Labour, Commerce and Industries, submitting the necessary documents and fees, and obtaining a Certificate of Incorporation.


Q: What are the ongoing compliance requirements for companies in Tonga?

A: The ongoing compliance requirements for companies in Tonga include maintaining accurate and up-to-date records, filing annual returns and financial statements, and holding annual general meetings.


Q: What are the tax implications for companies in Tonga?

A: Companies in Tonga are subject to a corporate tax rate of 27.5% on their taxable income. There is also a goods and services tax (GST) of 15%.


Q: Can foreigners own a company in Tonga?

A: Yes, foreigners can own a company in Tonga. However, there are restrictions on foreign ownership in certain industries, such as media and broadcasting.

Tonga is a small island nation located in the South Pacific Ocean. It has a population of approximately 106,000 people and a GDP of $1.2 billion. The economy of Tonga is largely based on agriculture, with the majority of the population employed in the sector. The main exports are squash, yams, taro, and copra. Tourism is also an important source of income, with over 100,000 visitors each year. The government has implemented a number of initiatives to promote economic growth, including tax incentives for businesses and investment in infrastructure. The World Bank has also provided financial assistance to Tonga, helping to improve access to healthcare and education. Overall, Tonga has seen steady economic growth in recent years, with a GDP growth rate of 3.2% in 2019.

Corporate Taxation in Tonga:

- Corporate tax rate is 20%

- There is no capital gains tax in Tonga

- The country does not offer any special tax incentives or exemptions for foreign investors


Personal Taxation in Tonga:

- Personal income tax rates range from 5% to 30%, depending on income level

- Capital gains are not taxed in Tonga


Tax Payment and Calendar:

- The tax year in Tonga runs from January 1 to December 31.

- The deadline for submitting tax returns and paying taxes is March 31 of the following year.

- Corporate income tax payments are made in two installments during the year, with the first installment due on September 30 and the second installment due on March 31 of the following year.

- Individuals are required to make monthly tax payments on their income, with the final payment due on March 31 of the following year.


It is worth noting that Tonga's tax system is relatively simple compared to other countries, and there are limited tax incentives and exemptions available to businesses and individuals. The country's government has been working to improve its business environment and attract more foreign investment, but there are still some challenges associated with doing business in Tonga. It is recommended to consult with a tax professional familiar with the specific circumstances in Tonga for personalized advice on tax matters.

Application without registration

The first director

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The second director

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The third director

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The first shareholder 

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The second shareholder 

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The third shareholder 

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