How to Register a Company in Malawi
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.
Step 1: Choose your company type
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:
- Private Limited Company
- Public Limited Company
- Branch of a foreign company
Step 2: Choose a company name
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
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (for Private and Public Limited Companies)
- Application for Company Registration (for all types)
These forms can be downloaded from the Registrar General's Department's website: https://www.registrargeneral.gov.mw
Step 4: Identify company officers and shareholders
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.
Step 5: Capital requirements
Malawi does not have a specified minimum capital requirement for the registration of companies.
Step 6: Register your company
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:
- Private Limited Company: MWK 55,000 (approximately $70)
- Public Limited Company: MWK 175,000 (approximately $220)
- Branch of a foreign company: MWK 175,000 (approximately $220)
Step 7: Register for taxes
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
Step 8: Obtain necessary permits and licenses
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.
Time-frame:
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.
