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Entre Assignment

The document outlines the procedures for starting a business in Malawi, which include seven key steps: business registration, licensing, tax registration, opening a business bank account, compliance with labor laws, obtaining necessary permits, and finalizing business operations. Each step provides specific actions such as choosing a business name, applying for licenses, and ensuring compliance with regulations. The document serves as a guide for entrepreneurs looking to establish a business in Malawi.

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Lucky Bofomo
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35 views9 pages

Entre Assignment

The document outlines the procedures for starting a business in Malawi, which include seven key steps: business registration, licensing, tax registration, opening a business bank account, compliance with labor laws, obtaining necessary permits, and finalizing business operations. Each step provides specific actions such as choosing a business name, applying for licenses, and ensuring compliance with regulations. The document serves as a guide for entrepreneurs looking to establish a business in Malawi.

Uploaded by

Lucky Bofomo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

PROCEDURES TO FOLLOW

WHEN ONE WANTS TO


HAVE A BUSINESS IN
MALAWI
GROUP 1
MEMBERS
LASTON CHIHANA (SED/007/21)
RUTH NONIWA (SED/003/21)
HARRISON MSHANI (SED/017/21)
STEP 1: BUSINESS REGISTRATION

Under business registration it involves the following:


1. Choose a business name: Select a unique name for
your business and ensure its not already registered.
2. Register with the Registrar General: Submit your
business name and required documents to the Registrar
General’s office.
3. Obtain a certificate of Incorporation: Receive your
certificate of Incorporation which confirms your business
registration
STEP 2: BUSINESS LICENSING

Under licensing, it also includes the following:


1. Determine Required Licenses : Identify the necessary
licenses for your business, such as a trading license, tax
license, or industry-specific licenses.
2. Apply for Licenses : Submit applications for the
required licenses to the relevant authorities.
3. Pay License Fees : Pay the necessary fees for each
license.
STEP 3: TAX REGISTRATION

1. Register for Tax: Register your business with the


Malawi Revenue Authority (MRA) for tax purposes.
2. Obtain a Taxpayer Identification Number (TPIN):
Receive your TPIN, which is required for tax compliance.
STEP 4: OPENING A BUSINESS BANK
ACCOUNT

1. Choose a Bank : Select a reputable bank in Malawi to


open a business bank account.
2. Provide Required Documents : Submit the necessary
documents, including your Certificate of Incorporation
and TPIN.
3. Open a Business Bank Account : Successfully open a
business bank account.
STEP 5: COMPLIANCE WITH LABOUR LAWS

1.Register with the Ministry of Labour : Register your


business with the Ministry of Labour to comply with
labour laws
2. Obtain a Labour License : Obtain a labour license, if
required.
STEP 6: OBTAIN NECESSARY PERMITS

1.Determine Required Permits : Identify any additional


permits required for your business, such as environmental
permits or health permits.
2. Apply for Permits : Submit applications for the
necessary permits.
3. Pay Permit Fees : Pay the required fees for each
permit.
STEP 7: FINALIZE BUSINESS
OPERATIONS

1.Set Up Business Operations : Establish your business


operations, including hiring staff, setting up equipment,
and launching marketing efforts
2. Comply with Ongoing Regulations : Ensure ongoing
compliance with relevant regulations, such as tax laws,
labour laws, and environmental regulations.
THANK YOU!!!!!

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