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Investment Process in Malawi
The investor must invest at least US$ 50,000.00 in order to be eligible for a Business Residence Permit (BRP).
In applying for a BRP, the following must be submitted to Malawi Investment Promotion Agency (MIPA):
- Application forms, in duplicate, which can be obtained from Malawi Investment Promotion Agency (MIPA)
- Two passport size photographs
- Comprehensive project proposal and/or business plan
- Police clearance from last country of residence and
- Application fees of US$ 200.00
The company/enterprise must be incorporated/registered in Malawi. After incorporation, a foreign company is required to register its amount of capital inflow with the Reserve Bank of Malawi (the country’s Central Bank through the Commercial Banks in Malawi).
Companies are also required to register with the Commissioner of Taxes for the payment of Corporate and Withholding taxes.
The investor has to open a business account with a Malawian Commercial Bank. A business account is only transacted when a BRP and company registration/incorporation has been attained.
Related links:
- Highlights of Malawi Export Products
- Key Areas of Possible Investment
- Selected Business Facts
- Taxation
- Procedures and Fees for Various Applications
- Useful Contact Addresses
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