How To Start A Business in Kingdom of Eswatini

How to Start a Business in Eswatini (Swaziland)

Starting a business in Eswatini is relatively straightforward, especially with the government’s commitment to creating a business-friendly environment for both local and foreign investors. Below is a detailed guide covering the key steps involved.

Step 1: Reserve a Company Name

Submit a name reservation request to the Company Registry at the Ministry of Commerce, Industry and Trade.

• Fee: E25 (Emalangeni)
• Duration: 1–2 days

Step 2: Register the Business

Register the company with the Company Registry. You must submit the company’s Memorandum and Articles of Association.

• Fee: E500 for private companies
• Duration: 5–7 working days

Step 3: Obtain a Trading License

Apply for a trading license from the Ministry of Commerce, Industry and Trade.

• Fee: Ranges from E250 to E2,000 depending on the business category
• Duration: 3–5 working days

Step 4: Register with Eswatini Revenue Authority (SRA)

Register for a Tax Identification Number (TIN) and Value Added Tax (VAT) if applicable through the Eswatini Revenue Authority.

• Fee: Free
• Duration: 1–3 working days

Step 5: Register for PAYE and Social Security (if hiring)

Employers must register their employees for Pay-As-You-Earn (PAYE) and with the Eswatini National Provident Fund (SNPF).

• Fee: Free
• Duration: 1–3 working days

Step 6: Obtain Sector-Specific Licenses (if required)

Some sectors, such as pharmaceuticals or financial services, require additional licenses or approvals.

• Fee: Varies
• Duration: Depends on sector

Step 7: Apply for Work Permits (Foreign Investors)

Foreign investors or expatriates must apply for work and residence permits through the Ministry of Home Affairs.

• Fee: E1,500 – E2,500 (estimate)
• Duration: 2–4 weeks

Useful Resources

• Government of Eswatini Portal
• Eswatini Revenue Authority
• Eswatini National Provident Fund (SNPF)
• Eswatini Investment Promotion Authority (EIPA)