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Guide to start a Business in Swaziland

Formal registration of companies has many immediate benefits for the companies and for business owners and employees. Legal entities can outlive their founders. Resources are pooled as several shareholders join forces to start a company. Formally registered companies have access to services and institutions from courts to banks as well as to new markets. And their employees can benefit from protections provided by the law. An additional benefit comes with limited liability companies. These limit the financial liability of company owners to their investments, so personal assets of the owners are not put at risk. Where governments make registration easy, more entrepreneurs start businesses in the formal sector, creating more good jobs and generating more revenue for the government.

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Swaziland. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected from World Bank: Doing Business 
No.ProcedureTime to CompleteAssociated Costs
1Reserve name at the company registry1 daySZL 20
2Pay fee for reserving a name and registration fee1 dayincluded in previous procedure
3Obtain tax clearance for company directors1 dayno charge
4Preparation of articles of association and memorandum by a lawyer2 daysSZL 2000
5Registration with the Company Registrar21 daysSZL 360
6Request trading license30 daysSZL 50 to E10,000 (most likely a general services or manufacturing company would pay a license of E3,000 to E5,000, therefore E4,000 is a reasonable estimate for this fee)
* 7Pay trading license fee1 day (simultaneous with procedure 6)included in previous procedure
* 8Obtain bank statement1 day (simultaneous with procedure 6)no charge
* 9Obtain company tax identification1 day (simultaneous with procedure 6)no charge
* 10Certificate of inspection by health department or city council1 day (simultaneous with procedure 6)included in license cost
* 11Register workers with Provident Fund1 day (simultaneous with procedure 6)no charge
* 12Enroll workers in worker's compensation insurance1 day (simultaneous with procedure 6)no charge
* Takes place simultaneously with another procedure.
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