Permit Information

• PERMIT_POSTED_BY: admin
• PERMIT_POSTED_ON: Nov 02, 2024
• Views : 139
• Category : Africa » Southern Africa » Malawi
• Description : The Business Residence Permit (Trading) allows foreign nationals to reside in Malawi for the purpose of carrying out business, professional activities, or self-employment. It is issued for a duration of five years and can be renewed. Applicants must invest a minimum of $50,000 from a legal source outside Malawi. The permit covers business establishment, and dependents can be included in the application. Joombaah assists in navigating the application process efficiently.
• Phone : +265-1823777
• Website : https://epermit.gov.mw/Home/Index

Overview

• Introduction

  The Business Residence Permit (Trading) is designed for foreign investors looking to reside and engage in business activities in Malawi. Whether self-employed, a partner, or a proprietor, this permit grants authorization to establish and run a business or profession for financial gain. In this article, we outline the key requirements, fees, and steps involved in obtaining this permit.

  Overview and Purpose

  This permit is valid for five years and specifically caters to individuals wishing to run trading businesses in Malawi. Notably, the investment funds must originate from a legal source outside Malawi, with a minimum amount of $50,000. The permit can be renewed for successive periods of five years, making it a long-term solution for business continuity in Malawi.

  Eligibility and Requirements

  Essential Documents for New Applications:

  • Copy of Passport: Must include photograph and personal details.
  • Police Clearance Letter: From the applicant’s country of origin.
  • Company Profile & Structure: Detailed information about the company.
  • Covering Letter: Written by the applicant explaining the purpose of the application.
  • Company Registration Certificates: Including the certificate of incorporation of all companies involved.
  • Medical Certificate: To prove the applicant’s physical fitness.
  • Bank Statement: Showing foreign direct investment (FDI) of at least $50,000 (optional but recommended).

  Investment Requirement

  Applicants must show proof that the funds for investment, amounting to a minimum of $50,000, come from a legitimate source outside of Malawi. This investment is crucial for the approval of the permit and must be reflected in the applicant’s bank statement.

  Permit Duration and Renewal

  The initial permit is valid for five years and can be renewed for subsequent five-year periods. Dependents of the applicant can also be included in the permit application, allowing for family residency in Malawi.

  Application Process and Payment

  1. Submit Application: Fill out the permit application form and gather all necessary documents.
  2. Processing Fee: Pay $100 at the FDH Bank Counter located in any Immigration office in Malawi immediately after submission.
  3. Approval and Prescribed Fee: Upon approval, pay the prescribed fee of $3,750 at the FDH Bank Counter.
  4. Arrival and Final Approval: New applicants must report to the selected point of entry or Immigration Office Headquarters upon arrival in Malawi for inspection by an Immigration Officer.

  Important Information

  The e-Permit System conducts law enforcement checks, and false information may lead to penalties. Even if the permit application is approved online, final approval is subject to an inspection by an Immigration Officer. The permit may be revoked if new information affecting eligibility surfaces.

  Additional Notes

  Joombaah provides expert guidance on the Business Residence Permit (Trading), ensuring a streamlined and compliant application process. Applicants are advised to maintain transparency and adhere strictly to all requirements.