Malawi is located between Zambia, Tanzania and Mozambique. Malawi is well positioned to act as your global export base in an increasingly competitive market, where access to raw materials and time to market is crucial in maintaining a global chain supply.
Population 18million people
Total area of 118480km2
GDP 6.4 billion US dollars
GDP per capita 1182US$
GDP growth rate 4.5%
Currency Malawi Kwacha
Language English and Chichewa etc
Minimum investment capital US $50,000.00
Company incorporation Prospective investors are required to incorporate a company in Malawi with the Registrar of Companies before proceeding further with any investment-related activities. The Registrar issues a Certificate of Incorporation once a company is registered.
Issuance of Investment Certificate. All prospective investors investing a minimum capital of US$50, 000.00 are required to obtain an Investment Certificate from MITC.
MITC charges a non-refundable processing fee of US$200.00 and an issuance fee of US$800.00 for the certificate.
Business Residence Permits, Temporary Employment Permits and Business Land. MITC through the One Stop Service Centre can be processed by MITC.
Environmental Impact Assessment Requirements Some investment projects require an Environmental Impact Assessment (EIA) depending on the magnitude and location of the proposed investment in Malawi.
Business resident permit
Processing fee is US$100,
Issuance fee is US$ 2,000
Validity Period: 5 years
Fully completed application forms in duplicate,
2 passport size photographs,
Business Registration Certificate/ Certificate of Incorporation,
A police clearance report from country of origin,
Bank statement with not less than US$50,000,
MITC Investment Certificate.
Cover letter from the applicant.
Note that all documents should be in duplicate and all certificate be certified.
Why invest in Malawi?
Malawi is politically stable, it has not had civil wars for quite along period of time and it has a vibrant democracy.
Malawi has a liberalized economy with market determined interest rates, floating exchange rates, The country is characterized by government support through development reforms and co –investment strategies aimed at developing the private sector.
The country has a competitive labor market which is highly educated, hardworking and skilled as well as easy to train.
Malawi has got access to regional and international markets, The country is a signatory to a number of multilateral and bilateral trade agreements as part of its trade policy. o world markets.
Malawi has a wide range of economic activities which have not been explored, This gives Investors a wide range of opportunities to invest in these sectors which include agriculture, energy, mining, manufacturing, infrastructure development/ICT,finance and tourism. .
Malawi is an increasing destination for foreign investments .This is due to the country ‘s competitive investors’ tax incentives package.
Malawi has modern telecommunication, daily flight connections and access to regional and international markets.
The country’s economy is growing therefore this gives a chance to Investors to be part of the driving force leading to this growth.
Malawi’s infrastructure is developing therefore increasing the ease of running the business.
Investment priority sectors
Agriculture & Agro-processing
Information & Communication Technology (ICT)
Water; 0 up to 4 cubic meters per month (flat rate) US$14.07
Commercial and Industrial US$ 3.95 per unit.
Large Power for industrial users, supplied at three phase supply and metered at 11 kV On peak unit charge per kWh US$0.16 Off peak US$0.05.
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) per month 400USD
Telecomunication / call fees 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.04 $
Principal Taxes Tax rate
Corporate income tax 30%
Turnover Tax (TOT) 2%
Customs duties 30% of the import value
interest with holding taxes 20%
VAT 16.5% is reclaimable – Specific goods are VAT exempt or zero rated
Dividend tax 10%
Special economic zones (SEZ)
Malawi is establishing SEZs to fast-track industrialization which would lead to sustainable economic growth and development.
This is being championed by the Ministry of Industry and Trade (MoIT), through MITC. So far, MITC intends to develop several areas into SEZs and these include; the Agro-processing Special Economic Zone (AP-SEZ).
Export Processing Zones
The Export Processing Zones (EPZs) regime was established to attract export-orientated industries, by offering them especially favorable investment incentives as compared to the remainder of the manufacturing sector in the country.
All companies engaged exclusively in manufacturing for export may apply for EPZ status, as Government accords EPZ status only to firms (foreign or domestic) that produce exclusively for export.
Freedom of repatriation of funds (including investment capital, profits repatriation, repayments for international loans and lease repayments) as long as the capital and loans were obtained from foreign sources and registered with the Reserve Bank of Malawi (RBM).
Malawi has the legal framework to protect intellectual property. This includes the acts on copyrights, trademarks, registered designs and patents, property protection of genetic engineering products particularly GM crop varieties, creatives works, amongst others.
Malawi has a Competition and Fair Trading Act that protects investors from anti-competitive business practices.
The Act prohibits conducts that prevent, restrict and distort competition in the market hence guarantee investors freedom to do business without unnecessary market impediments.
Both foreign and domestic investors have equal access to Malawi’s legal system, which functions well and is unbiased.