Falkland Islands
FK: 4 company types, its taxes, banking and business environment.
Forming a company
Company types in Falkland Islands
The 4 forms a founder can choose here, each with its own figures. Open one for its sources.
Doing business here
Business accounts
Providers whose own published list of countries names FK. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for FK.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Falkland Islands: where to register, file and check.
Blocs and agreements
The trade arrangements FK belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
Falkland Islands’s own position
- Customs territory
- Its own (Falkland Islands)
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no imported goods shall be delivered or removed on importation until the importer has paid to the proper officer any duty chargeable thereon
- VAT territory
- Not in our records
- EU–UK Trade and Cooperation Agreement
- Outside
The Falkland Islands are named among the overseas territories to which the EU-UK Trade and Cooperation Agreement does not apply (art. 774(4)).
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This Agreement does not apply to the overseas territories having special relations with the United Kingdom: Anguilla; Bermuda; British Antarctic Territory; British Indian Ocean Territory; British Virgin Islands; Cayman Islands; Falkland Islands; Montserrat;
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 21%Official gov.fk as of 2026-10-10 · the rate for the Private company limited by shares
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Profits up to a threshold amount of £500,000 are liable to Corporation Tax at 21%, with profits over £500,000 being subject to a rate of 26%.
- Distributions
- Not in our records
- Audit
- An auditors’ report (unless the company is a small, dormant or not-for-profit public-sector company exempt from audit)Official The registry or ministry page as of 2026-10-10
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An auditors’ report (unless the company is a small, dormant or not-for-profit public-sector company exempt from audit)
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- GBP 64.75Official The registry or ministry page as of 2026-10-10
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Filing an annual return; including companies which are not trading £64.75
VAT
The tax on what the company sells in FK, and when it must register, as the tax authority states it.
- VAT or sales tax
- None levied
The Falkland Islands levies no VAT, GST or sales tax. The Government Taxation Office's "Tax Legislation" page lists the legislation it applies — the Taxes Ordinance 1997, income tax rules and orders, extra-statutory concessions and the Medical Services Tax Ordinance 2010 — and no consumption tax appears among them. A business therefore has no consumption-tax registration, rate or return.
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Taxes Ordinance 1997 ... Medical Services Tax Ordinance 2010
Tax calendar
When the main returns and payments fall due in FK, tax year 2025, as the tax authority states it.
- Corporate tax return
- 9 months after the end of the accounting period · each year
Section 30 of the Taxes Ordinance 1997, quoted in FIGTO's 'CT pay & file' guide: the return and accounts are delivered within nine months of the end of the period of account. The quote is from the guide's PDF, whose text this fetcher cannot hash, so content_sha256 is null.
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A company which is chargeable to corporation tax for any corporation tax year shall deliver to the Commissioner- ... within nine months of the end of that period of account.
- Corporate tax, final payment
- 8 months and 1 day after the end of the accounting period · each year
Section 27 'Time for payment of tax', quoted in FIGTO's guide: corporation tax is due and payable on the day following the expiry of eight months from the end of the accounting period.
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Corporation tax for a corporation tax year charged on the income of an accounting period shall be due and payable on the day following the expiry of eight months from the end of that accounting period (whether or not the tax has been assessed).
- Corporate tax, instalments
- Not required here
FIGTO operates an 'automatic pay and file' system with a single payment date (the day after eight months from the accounting period end, recorded under cit_final_payment). The CT pay & file guide at https://www.gov.fk/taxation/wp-content/uploads/sites/25/2026/02/CT-pay-file.pdf sets out no instalment or advance-payment obligation for companies.
- Personal income-tax return
- 31 July · each year
Returns are issued in early March for the previous year and are due by 31 July. The individual information page adds the alternative of 60 days from issue where that is later.
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Personal Tax Returns Individuals who are Tax Resident in the Islands are required to submit completed personal tax returns yearly. These returns are issued in early March each year for the previous year and are required to be submitted by 31st July.
- Personal income tax, final payment
- 1 October · each year
Payment of tax liabilities is due 1 October, or 30 days from the date of assessment where that is later. The rule records the fixed date.
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Payment of tax liabilities is 1 st October or 30 days from the date of assessment, whichever is later.
- Personal income tax, instalments
- Not required here
Individuals make no advance payments: tax is collected from wages by employers under POAT (see payroll_withholding) and any balance is paid after assessment (see pit_final_payment). The individual information page at https://www.fig.gov.fk/taxation/individuals-employees/individual-information/ sets out no payments-on-account regime.
- VAT return
- Not levied here
The Falkland Islands levy no VAT or GST; indirect revenue is taken through customs duties and the Taxes Ordinance's other charges. FIGTO's site (https://www.fig.gov.fk/taxation) publishes employer, company and individual income-tax obligations only, with no VAT return.
- Payroll withholding
- Day 14 of the following month · each month
An employer submits a POAT return for each calendar month by the 14th of the following month, with the payment for that month's POAT.
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An employer is required to submit a POAT return for each calendar month by the 14 th of the following month together with the payment for that month’s POAT.
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for FK yet.
Economy and trade
What it exports
Goods FK exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes FK’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Molluscs, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked molluscs, whether in shell or not, whether or not cooked before or during the smoking process HS 0307 | 86.6% | 84.9% | 86.0% | US$326 m |
| Fish, frozen, excluding fish fillets and other fish meat of heading 0304 HS 0303 | 9.1% | 11.6% | 10.0% | US$38 m |
| Wool, not carded or combed HS 5101 | 2.1% | 1.7% | 1.7% | US$7 m |
| Printing machinery used for printing by means of plates, cylinders and other printing components of heading 8442; other printers, copying machines and facsimile machines, whether or not combined; parts and accessories thereof HS 8443 | under 0.05% | under 0.05% | 0.63% | US$2 m |
| Meat of sheep or goats, fresh, chilled or frozen HS 0204 | 0.66% | 0.63% | 0.51% | US$2 m |
| Fish fillets and other fish meat (whether or not minced), fresh, chilled or frozen HS 0304 | 0.95% | 0.26% | 0.47% | US$2 m |
| Parts of goods of heading 8801, 8802 or 8806 HS 8807 | 0.06% | 0.12% | 0.19% | US$1 m |
| Other aircraft (for example, helicopters, aeroplanes), except unmanned aircraft of heading 8806; spacecraft (including satellites) and suborbital and spacecraft launch vehicles HS 8802 | under 0.05% | under 0.05% | 0.10% | US$0 m |
| Preparations of a kind used in animal feeding HS 2309 | under 0.05% | 0.06% | 0.08% | US$0 m |
Total goods exports, 2024: US$379 m. The ten largest headings are shown.