Joombaah Business Residence Permit (Self-Employment): Establish Your Own Business in Malawi
Business Residence Permit (Self-Employment): Establish Your Own Business in Malawi

Permit Information

  • PERMIT_POSTED_BY: admin
  • PERMIT_POSTED_ON: Nov 02, 2024
  • Views : 145
  • Category : Africa » Southern Africa » Malawi
  • Description : The Business Residence Permit (Self-Employment) allows foreign nationals to reside in Malawi while running a self-employed business or working as a proprietor or partner. Valid for five years, this permit requires an investment of at least $50,000 from a legitimate source outside Malawi. Dependents can be included in the application, and the permit is renewable for additional five-year periods. Joombaah helps you navigate this process with ease.
  • Phone : +265-1823777
  • Website : https://epermit.gov.mw/Home/Index

Overview

  • Introduction

    Are you looking to establish your own business in Malawi? The Business Residence Permit (Self-Employment) provides a fantastic opportunity for self-employed individuals and entrepreneurs to legally work and live in Malawi. With a five-year validity and renewable options, this permit is designed to foster long-term business growth and economic development in the country.

    Overview

    Malawi is a land full of opportunities for entrepreneurs, particularly in sectors like agriculture, tourism, and technology. This permit allows self-employed individuals to manage their business ventures legally. The required investment of $50,000 ensures that applicants have the financial backing to establish a successful business operation.

    Key Points to Note

    • Investment Funds: The required funds of $50,000 must originate from a legitimate source outside Malawi.
    • Dependents: You can include dependents in your permit application, allowing your family to reside in Malawi with you.
    • Renewable: The permit can be renewed for additional five-year terms, provided that all conditions are met.

    Required Documents

    Here’s what you’ll need to submit:

    1. Copy of Passport: Showing your photograph and personal details.
    2. Company Profile & Structure: An outline of your business and its organizational structure.
    3. Covering Letter: A formal letter from you detailing your business intentions in Malawi.
    4. Police Clearance: A letter from your country of origin confirming that you have no criminal record.
    5. Medical Certificate: Proving you are in good health.
    6. Optional Documents:
      • Registration Certificates: If you’ve already registered a company.
      • Bank Statement: Showing that you have at least $50,000 for investment.
      • MITC Certificate: Optional but useful for further support.

    Payment Information

    • Processing Fee: $100 (Payable immediately upon submission at any FDH Bank Counter in an Immigration Office).
    • Prescribed Fee: $3,750 (Payable upon approval of the application at any FDH Bank Counter in an Immigration Office).

    Important Disclaimer

    All information provided in the application must be truthful and accurate. The Malawi e-Permit System performs checks against law enforcement databases. Any false or misleading information may result in severe administrative or criminal penalties. Final approval will be granted by an Immigration Officer upon arrival or during an in-person inspection at the Immigration Office Headquarters.

    Renewal Process

    To renew the permit, ensure that your documents are updated and that your business remains compliant with all legal requirements in Malawi. Renewal applications should be submitted before the current permit expires to avoid any legal issues.

    Conclusion

    The Business Residence Permit (Self-Employment) is your gateway to establishing and growing your business in Malawi. With Joombaah by your side, the application process becomes a seamless journey, allowing you to focus on your entrepreneurial aspirations.