Joombaah Business Permit in Lesotho – Comprehensive Guide for Entrepreneurs
Business Permit in Lesotho \u2013 Comprehensive Guide for Entrepreneurs

Permit Information

  • PERMIT_POSTED_BY: admin
  • PERMIT_POSTED_ON: Nov 22, 2024
  • Views : 69
  • Category : Africa » Southern Africa » Lesotho
  • Description : Thinking of starting or expanding your business in Lesotho? A Business Permit is essential for foreign investors and entrepreneurs. Discover the application process, requirements, costs, and benefits with Joombaah’s expert guide.
  • Phone : +266 2231 7890
  • Email : businesspermits@lesotho.gov.ls
  • Website : www.tradeindustry.gov.ls

Overview

  • Business Permit in Lesotho – Comprehensive Guide for Entrepreneurs

    Introduction
    Lesotho is a growing hub for business and investment in Southern Africa. Whether you aim to establish a new enterprise or expand an existing one, obtaining a Business Permit is crucial for operating legally in the country.

    What is a Business Permit?
    A Business Permit allows foreign nationals to establish, operate, or invest in businesses within Lesotho. It provides legal authorization to engage in various commercial activities, ensuring compliance with local regulations.

    Requirements for a New Application
    To apply for a Business Permit, you need:

    • Completed Application Form: Filled out and signed by the applicant or their representative.
    • Business Plan: A detailed document outlining the nature, scale, and scope of the business.
    • Investment Proof: Evidence of the minimum required investment capital (e.g., bank statements or financial guarantees).
    • Company Registration Certificate: Proof that the business is registered with the Companies Registry in Lesotho.
    • Tax Clearance Certificate: Issued by the Lesotho Revenue Authority (LRA).
    • Lease or Property Ownership Agreement: Evidence of premises for business operations.
    • Police Clearance Certificate: Recent certificate from the applicant’s country of origin.
    • Passport: Valid passport with at least six months’ validity and two blank pages.
    • Proof of Fee Payment: Receipt of the prescribed application fee.

    Requirements for Renewal or Extension
    For renewals, submit:

    • Updated Tax Clearance Certificate.
    • Financial statements from a certified accountant.
    • Evidence of ongoing business operations (e.g., invoices, contracts).
    • Renewal fee payment receipt.

    Validity and Duration

    • Initial Permit: Up to 5 years
    • Renewal: Every 3 years, based on compliance and financial viability

    Fees

    • Application Fee: LSL 5,000
    • Renewal Fee: LSL 4,000

    Benefits of a Business Permit

    1. Legal authorization to operate a business in Lesotho.
    2. Access to government incentives and support programs for investors.
    3. Eligibility to apply for multiple-entry visas for business travel.
    4. Opportunity to contribute to and benefit from Lesotho’s growing economy.

    Joombaah Assistance
    Joombaah provides end-to-end support for Business Permit applications. From document preparation to liaising with local authorities, we make the process seamless for aspiring entrepreneurs.