INSANITY IS THINKING OF STARTING A COMPANY IN 2015 WITHOUT KNOWLEDGE OF REGULATORY BODIES After registering at Registrar General, next stop is Bank, MRA, Regulatory bodies and then finally reaching out to customers. Like in movies, they keep the best part at the end, the next article will be about banks, for now let’s do regulatory bodies. Every industry has got regulatory bodies that look after companies that trade in various areas; Office of Director of Public Procurement (ODPP) You are not recognized as a legitimate supplier of services and products in government, until you register with it. Exceptional, is on construction and other few services. If you are to go into supplying of construction materials, Stationery, consultancy, even commercial printing ….Its mandatory to get registered. To get registered you need to be registered with MRA and Registrar general. National Construction Industrial council of Malawi (NCIC) This body looks after Building and Civil Construction companies, Electrical installation contractors and construction consultants. Basic requirements are Registrar general and Bank confirmation letter and technical capabilities. Malawi Energy Regulatory Authority (MERA) This looks after companies that deal with energy related stuff like electrical installation, Filling Station, supplying of electricity and anything to do with energy. Reserve Bank of Malawi If you plan to start a microfinance, Forex bureau or a bank, then you need to get registered with Reserve Bank of Malawi. Malawi Bureau of Standards (MBS) It ensures that production standards are met, this for those that intend to start eating points, factories, production of any sort of products especially food products. Malawi Revenue Authority If you intend to start a clearance agency, then you need to get registered with MRA. District Councils They issue out certificates that allows you to do business in respective areas, sometimes they can even close your business if you don’t comply with councils. Why do you need their approval? Its mandatory by Law and if you are registered with them it gives confidence to clients that you are legitimate . There are so many businesses with appropriate bodies so, in case you have questions or maybe you need consultation call us on 0995-326-775 or 0881-949-222 and like our page facebook/raymkacompany so that you don’t miss out the posts that follow; and the ones we have been posting. Together with the whole team we are grateful for wonderful comments that you are all making, we are very motivated.. We know for sure that the gap between the current and RICH AND ASCENDANT AFRICA can be filled by knowledge. Even the bible says, a man of knowledge increaseth strength. (Proverbs 24:5) Mike Mkali CEO And Founder of Ramka Cooperation
Posted on: Sun, 25 Jan 2015 09:48:40 +0000
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