Registering a company in Malawi is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Registrar General's Department and Malawi Revenue Authority. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Malawi. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this burgeoning and business-friendly country.
The first step in registering a company in Malawi is to choose the type of company you want to register. The most common types are:
Before registering your company, you'll need to choose a suitable name. The Registrar General's Department has guidelines for acceptable names, which can be found at this link: https://www.registrargeneral.gov.mw
Next, prepare the necessary documentation for your chosen company type. The key documents are:
These forms can be downloaded from the Registrar General's Department's website: https://www.registrargeneral.gov.mw
You will need to identify at least one director (for Private and Public Limited Companies) or one representative (for Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Malawi does not have a specified minimum capital requirement for the registration of companies.
Once your documents are ready, you can submit your application to the Registrar General's Department. This can be done in person at their office or online via the following link: https://www.registrargeneral.gov.mw
The fees for registering a company are as follows:
After your company is registered, you must register for taxes with the Malawi Revenue Authority (MRA). This can be done in person at the local MRA office or online via the following link: https://www.mra.mw
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 2 to 4 weeks, depending on the complexity of your application.