Maputo - Mozambique
Doing Business in Malawi has become very simplified and modernized especially as the President of the Republic of Malawi His Excellency Professor Arthur Peter Mutharika since his assuming of Presidency made it an urgent point to ensure that Malawi advances the Trade Agenda, and opens up for business by simplifying the aspects of doing business.
Under this initiative, the Malawi Government through the Malawi Investment and Trade Center (MITC) set up a One Stop Service Center (OSSC) where all legislative bodies required for an Investor to invest in Malawi can be able to facilitate the process under one roof. The OSCC offers the following services among others:
Investment Certificate Application
All investors are required to obtain an Investment Certificate before they establish their business in Malawi. Prospective investors are required to put up investments of not less than US$ 50,000 as minimum investment capital to be able to obtain an investment certificate from the Malawi Investment and Trade Center (MITC). To obtain this certificate the following should be submitted to MITC:
The application fee for the certificate is US $200 and issuance fee is US$ 800. The application fee of US$200 is paid to MITC at the time that the application pack is being submitted. The issuance fee of US$ 800 is payable upon the approval and collection of the Investment Certificate.
The Internal Approval Committee (IAC) hosted within MITC appraises the projects for approval or rejection. All applications submitted to MITC are processed by the committee. Issuance period of the certificate is within 5 working days.
Once the certificate is approved, MITC assists investors to get any additional licenses and permits that the investors might need to start their operations.
Business residence permit (BRP)
Once an investor obtains an investment certificate, one is required to get a Business Resident Permit that allows him/her to be based in the country to carry out his/her operations. The following documents should be submitted in duplicates for the application:
Temporary Employment Permit (TEP)
For all key and time posts there is need to obtain Temporary Employment Permits. The key post permits are valid for 2 years and renewable whilst time post can be renewed up to three times. The following documents have to be submitted in duplicates to MITC.
The applications are then submitted to MITC then forwarded to Department of Immigration with a recommendation for approval.
The investor is required to pay a non-refundable processing fee of US$100
When applications are approved, the investor can proceed to open a bank account with the Malawian commercial banks and can also register with the Reserve Bank of Malawi.
The Government of Malawi invites foreign investment in any sector of the economy. However, emphasis for investment is in five priority areas, namely, Agriculture, Energy, Mining, Tourism and Physical Infrastructure, including Information and Communication Technology (ICT).
The third Malawi Growth and Development Strategy (MGDS III) which is being implemented from 2017 to 2022, is the fourth medium-term national development strategy formulated to contribute to the attainment country’s long-term development aspirations as enshrined in the Vision 2020.
Details of the MGDS III can be found on this link.
For all Trade and Investment opportunities in Malawi please visit: www.mitc.mw
Malawi High Commission
Avenida Kenneth Kaunda no. 75
Tel: +258 21492676/ +258 843989692
Other Important Links on Investment and Trade in Malawi are:
Malawi Confederation of Chambers of Commerce and Industry (MCCCI)
Masauko Chipembere Highway
Chichiri Trade Fair Ground
P. O. Box 258, Blantyre
Phone: +265 01 871 988
Fax: +265 01 871 147
Web Address: http://www.mccci.org/
Malawi Stock Exchange (MSE)
Telephone: +265 01 624 233
Fax: +265 01 623 636
Web Address: http://www.mse.co.mw/
African Growth and Opportunity Act (AGOA)
Web Address: http://www.agoa.gov/
Southern Africa Development Community (SADC)
Web Address: http://www.sadc.int/
Ministry of Industry, Trade and Private sector development
Gemini House, City Centre, P.O.Box 30366, Lilongwe 3
Tel: +265 1 770 244
Fax: +265 1 770 680
Web Address: http://www.malawi.gov.mw
Reserve Bank of Malawi (RBM)
Convention Drive City Centre, Lilongwe
Box 30063, Capital City, Lilongwe 3 Malawi
Telephone: +265 1 770600
Telefax: +265 1 772752 / +265 1 774289
Telefax: +265 1 772752 / +265 1 774289
Web Address: http://www.rbm.mw/
Malawi Revenue Authority (MRA)
Head Office: Msonkho House, Private Bag 247, Blantyre.
Tel: (265) 01 822 588 | Fax: (265) 01 822 302
Email: email@example.com | firstname.lastname@example.org
Web Address: http://www.mra.mw