Sole Proprietorship

A sole proprietorship, is a type of business that is owned by one person. Sole proprietorships are easy to form unlike other business entities, and the owner benefits from the sole control of the business profits.

As there is no legal distinction between the owner and the business entity, the owner is personally liable for all business losses and liabilities.

Registration requirements

To register for a sole proprietorship, individuals should complete form SWR 3 (Application form), accompanied by;

• Photocopy of National Identity Card, Passport or Driver's Licence of Proprietor / Owner; and
• A copy of the TIN Card of the Proprietor / Owner

Fees