Times Of Swaziland: COMPANY REGISTRATION DOWN TO 24HRS

COMPANY REGISTRATION DOWN TO 24HRS
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BY KWANELE DHLADHLA  on 17/05/2019 03:50:00


MBABANE – Hardly four days after the PM Ambrose Dlamini-led government
launched its strategy roadmap 2019-2022; it has already ticked one of the boxes
in terms of reducing the number of days to register a business.
Under the Ministry of Commerce, industry and trade targets were to reduce the
business registration period from 30 days to only a single day, which has
already been put in place.
The registry of companies has introduced an online registration platform for
businesses in Eswatini, and an electronic company verification system for
financial institutions, together with a mobile tracking system for businesses.
New businesses can now be registered online and be issued with an
acknowledgement of company registration through simply accessing the direct link
on https://www. gov.online.sz.
Thereafter, company directors or their preferred representative should then
submit documentation and proof of payment to the registry offices for filing to
complete the process of registration. These documents include, but not limited
to, Form J (document showing directors), Form C (document showing shares
allocation in the business) and Memorandum of Articles.
All these documents can be downloaded from the online registration web page.
This effectively means that company registration has been reduced to 24 hours.
In what may seem to be good news to the ears of would be entrepreneurs, the
acknowledgment of company registration can also be used to seek credit from all
financial institutions.
Disclosed
Further, it should be mentioned that Registrar of Companies Msebe Malinga has
disclosed that plans were well underway to allow for payment of registration
fees electronically and e-filing of company documents.