Business Is Open

Steps For Starting A Business

Post was last updated: January 30, 2024
Business Is Open
Easily start a small business company

Hello, on this page you will learn how to easily start your company in Malawi. We will tell you how to register your business in Malawi, how to apply for tax with MRA, how to get your contacts in the Malawi Yellowbook.

To begin, lets take a quick look at checklist for starting a small businesses in Malawi.

10 Steps to Starting a Business

Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. Click on the links to learn more.

Step 1: Write a Business Plan

Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.

Step 2: Register Your Website Domain Name

We highly recommend you buy your company a domain name so that your business is professional and organized.

Step 3: Choose a Business Location

Get advice on how to select a customer-friendly location in Malawi.

Step 4: Finance Your Business

Find government backed loans, venture capital and research grants to help you get started.

Step 5: Determine the Legal Structure of Your Business

Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, NGO’s, LTD, nonprofit or cooperative.

Step 6: Register a Business Name

Register your business name with the Malawi Government.

Step 7: Get a Tax/Vat Identification Number

Get a Vat/Tax registration number from Malawi Revenue Authority.

Step 8: Register for State and Local Taxes

Register with your state to obtain a tax identification number, workers’ compensation, unemployment and disability insurance.

Step 9: Obtain Business Licenses and Permits

Get a list of local licenses and permits required for your business.

Step 10: Understand Employer Responsibilities

Legal steps you need to take to hire employees and how to keep them happy and productive.

Wisdom Mayuni