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Ease of Doing Business in

Swaziland

Swaziland Download Profile (1728.8KB, pdf)
Region Sub-Saharan Africa
Income Category Lower middle income
Population 1,286,970
GNI Per Capita (US$) 3,230
City covered Mbabane

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 111 108 down
3
58.34 58.15 down
0.19
Starting a Business 154 152 down
2
74.32 73.46 up
0.86
Dealing with Construction Permits 91 91
-
68.96 68.56 up
0.40
Getting Electricity 157 155 down
2
47.28 46.35 up
0.93
Registering Property 117 115 down
2
55.73 55.75 down
0.02
Getting Credit 82 78 down
4
50.00 50.00
-
Protecting Minority Investors 132 129 down
3
43.33 43.33
-
Paying Taxes 76 75 down
1
74.65 74.79 down
0.14
Trading across Borders 31 31
-
92.68 92.68
-
Enforcing Contracts 175 174 down
1
33.94 33.94
-
Resolving Insolvency 95 91 down
4
42.47 42.63 down
0.16

DB 2017 Rank: 154

DB 2016 Rank: 152

Change in Rank: down2

DB 2017 DTF (% points): 74.32

DB 2016 DTF (% points): 73.46

Change in DTF (% points): up0.86

Standardized Company
Legal form: Private Limited Liability Company
Paid-in minimum capital requirement: SZL 100
City: Mbabane
Indicator Swaziland Sub-Saharan Africa OECD high income
Procedure – Men (number) info_outline 12.0 7.8 4.8
Time – Men (days) info_outline 30.0 27.3 8.3
Cost – Men (% of income per capita) info_outline 16.6 54.0 3.1
Procedure – Women (number) info_outline 12.0 7.9 4.8
Time – Women (days) info_outline 30.0 27.5 8.3
Cost – Women (% of income per capita) info_outline 16.6 54.1 3.1
Paid-in min. capital (% of income per capita) info_outline 0.3 33.1 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Reserve a unique company name

    Agency: Companies Registry

    The founder submits a letter to the Registrar of Companies proposing 3 company names.
    1 day SZL 20
    2

    Pay the name reservation and registration fees

    Agency: Swaziland Revenue Authority (SRA)

    The official fees are now paid at the Swaziland Revenue Authority (SRA).
    1 day included in procedure 5
    3

    Obtain tax clearance for company directors

    Agency: Swaziland Revenue Authority (SRA)

    To register a new company, each founder must obtain an income tax clearance statement.
    1 day no charge
    4

    Preparation of the memorandum and articles of association by a lawyer

    Agency: Lawyer

    Although entrepreneurs can use the standard forms available for the memorandum and articles of associations, most of them choose to hire lawyers to facilitate the process. The lawyer’s fee varies between SZL 1,500 and SZL 3,000.
    2 days SZL 1,500 - SZL 3,000
    5

    Register with the Company Registrar

    Agency: Companies Registry

    The investor must submit the following documents to the Registrar of Companies:
    • Tax clearance – original (1 copy)
    • Memorandum Articles of Association – 3 copies (1 original, 1 to be filed, and 1 copy for the applicant)
    • Government revenue receipts for the payment of the reservation of the company name and the registration fees
    • Copy of the applicant's ID card
    • Notarized receipt of the successful reservation of the company name
    10 days SZL 360
    6

    Deposit the paid-in capital and obtain a bank statement

    Agency: Bank

    The entrepreneurs must then deposit the company's paid-in capital and obtain a bank statement from a bank.
    1 day no charge
    * 7

    Obtain a company Tax Identification Number (TIN)

    Agency: Tax Authority

    Company founders must inform the tax authority about the new company establishment.
    1 day (simultaneous with previous procedure) no charge
    * 8

    Receive a health inspection

    Agency: Health Department or City Council

    Depending on which agency has jurisdiction, the city council or health department issues a Health Clearance Certificate upon inspecting the business location. The certificate is a supporting document in the company's application of a Trading License.
    1 day (simultaneous with procedure 6) included in license cost
    9

    Request and obtain a trading license

    Agency: Ministry of Commerce, Industry and Trade

    All companies require a trading license, except for professional companies that have a different licensing system. To obtain a trading license, the company requests a hearing before the Ministry of Enterprise and Employment. The Ministry publishes a notice in a daily newspaper (The Observer) at least 3 business days before the hearing, allowing individuals and companies to object to the company’s formation.

    Companies must submit the certificate of incorporation upon requesting a hearing. The following documents must be submitted before the hearing and can be obtained while waiting for the hearing:
    - Bank statement, proving the directors have enough funds to run the company
    - Lease agreement of the company location
    - Company tax registration
    - Certificate of inspection by the health department or city council
    - Memorandum and articles of association
    - Receipt of license fee payment

    A company might need more than one trading license if it does more than one activity. For instance, if the company produces and sells its goods to the public. Each activity has a different license fee.
    12 days SZL 50 to SZL 10,000 (most likely a general services or manufacturing company would pay a license of SZL 3,000 to SZL 5,000, therefore SZL 4,000 is a reasonable estimate for this fee)
    * 10

    Pay the trading license fee

    Agency: Trade Licensing Office

    The trading license fee is paid at the Trade Licensing Office.
    1 day (simultaneous with previous procedure) included in previous procedure
    * 11

    Register workers with the Provident Fund

    Agency: Provident Fund

    Upon recruitment of new staff, the employer must register the employees with the Swaziland National Provident Fund, which provides pension and occupational injury and illness benefits.
    1 day (simultaneous with procedure 9) no charge
    * 12

    Enroll workers in the worker's compensation insurance

    Agency: Royal Swazi Insurance Corporation

    All employers must register their employees for worker’s compensation insurance at the Royal Swazi Insurance Corporation. The rates vary by industry.
    1 day (simultaneous with procedure 9) no charge

    * Takes place simultaneously with previous procedure.