Business Registration
Step 1 : Submission of application form with the required fee.
Step 2 : Application form and payment slip will be send to the Ministry of Economic Development by the Council within working 03 days.
step 3 : Applicant will be informed when the business is registered in the Ministry of Economic Development and ask to apply for trade permission.
Fees
Registration fee for sole trade is 500/- (Five hundred) rufiyaa
Registration fee for partnership is 2000/- (Two thousand) rufiyaa.
Documents that must accompany with form
Documents required for sole proprietorship registration
- Completed application form.
- National ID card copy of the owner.
- National ID card of the responsible person, if the role is assigned.
- National ID card of the responsible person, if name approval is done separately.
- National ID card copy of the responsible person and authorized signatories in section 7 and 7.2.
- Letter of consent from the responsible person in section 7.
Documents required for partnership registration
- Completed application form.
- All partners are required to submit a clear copy of their national ID card / passport.
- Two original of the partnership agreement. All information stated in section 16 of the partnership act No. (No. 13/2011) shall be included in the agreement.
- Name search application form, if name approval is done separately.