Advert Advert Advert
Friday, August 19, 2022
FR Français     RW  Kinyarwanda
Taarifa Rwanda
  • Home
  • National
    • Business
  • Crime
  • Africa
    • East-Africa
    • North-Africa
    • South-Africa
    • West-Africa
  • World
    • America
    • Asia
    • Europe
  • Lifestyle
  • Others
    • The Big Talk
    • Sports
    • In Pictures
    • Science
    • Jobs & Tenders
    • Transform Africa
    • Health
    • Religion
  • Special Report
  • Home
  • National
    • Business
  • Crime
  • Africa
    • East-Africa
    • North-Africa
    • South-Africa
    • West-Africa
  • World
    • America
    • Asia
    • Europe
  • Lifestyle
  • Others
    • The Big Talk
    • Sports
    • In Pictures
    • Science
    • Jobs & Tenders
    • Transform Africa
    • Health
    • Religion
  • Special Report
No Result
View All Result
Taarifa Rwanda
No Result
View All Result
FR   RW
Home Business

Somaliland Launches Online Business Registration And Licensing Services

The business registration and licensing reform wassupported by the Somali Investment Climate Reform Project II (SICRP2), managed by IFC and funded by the government of Denmark, the European Union, and the United Kingdom's Foreign Commonwealth Development Office.

June 30, 2022
in Business
0
Share on FacebookShare on Twitter

Somaliland, withsupport from IFC, has launched an online one–stop–shop business registration and licensing system (BRLS)to speed, simplify, and reduce costs for businesses and entrepreneurs.

The new system, found at www.brls.govsomliland.org, is part of Somaliland’s wider strategy to strengthen its private sector and encourage economic growth and job creation.

Reducing lengthy registration and licensing procedures will save businesses time and operational costs, especially smaller and informal businesses seeking to formalize their operations.

Advert

The Ministry of Trade and Tourism ran a seven–month pilot of the system (from December-2021 to June -2022) allowingit to be further enhanced and optimized ahead of a formal launch in June 29, 2022.

The BRLS is being delivered by the Ministry of Trade in collaboration with the Ministry of Finance and Office of the Attorney General.

“We will now offer a world–class registration and licensing system to our business community in Somaliland,” Minister of Trade and Tourism, Hon. Muhamoud Hassan Sa‘ad, said.

“This reform is a result of a successful collaboration involving counterpart Government institutions, the private sector, and IFC. My Ministry is determined to offer fast and easy registration and licensing services to the private sector. I therefore urge our businesses, especially informal businesses, to take advantage of this resource to register and to comply with government licensing requirements.”

The web-based system is a one–stop–shop resource that allows entrepreneurs to register and apply for businesslicenses from their homes or offices, removing the need to visit the Ministry of Trade offices.

BRLS will offer a range of services, including reserving a business name, registeringa new business, and changing the particulars of an existing business.

Gokhan Akinci, Acting Practice Manager for IFC Creating Markets Advisory, said “The new online registration and licensing system is business-friendly and expected to lower costs for businesses and support entrepreneurs, especially local businesses, to establish their operations formally.”

Users can also access the system to obtain a tax identification number through its integration with the Ministry of Finance, close or wind up a business, acquire or renew business licenses, and search the registry’s business information database. Additionally, BRLS provides a variety of resources including relevant laws and regulations, online user guides, and information on registration and licensing fees and tariffs, among other resources.  

Following the recent passage of company law regulation(Law number 80/2018), the online portal is the latest initiative by Somaliland designed to strengthen the business environment by enabling improved access to governmentservices by businesses.

The system marks a major step towards enhancing digital financial services through online and mobile payment options and fulfilling “Know YourCustomer” requirements for financial institutions in Somaliland.

BRLS will also improve inter-ministerial coordination, as businesses can obtain integrated registration, licensing and tax services from a single platform.

“ We are happy that the Government will be making business registration and licensing easier, transparent and affordable for the business community. We welcome this effort by government to modernize the services it offers to the business community and encourage our entrepreneurs to take full advantage of the online services,“ said Mr. Jamal Aided, Chairman of the Somaliland Chamber of Commerce, Industry and Agriculture.

IFC provided technical and financial support from initial design of the system to implementation, and also provided capacity building to officials.

The business registration and licensing reform wassupported by the Somali Investment Climate Reform Project II (SICRP2), managed by IFC and funded by the government of Denmark, the European Union, and the United Kingdom‘s Foreign Commonwealth Development Office.

Previous Post

Uganda’s Beast Chopper Can Be Blown By Man-portable Air Defence System

Next Post

CIMERWA Plc Records +414% Increase In Net Profit For Half Year 2022

Staff Writer

Staff Writer

Related Posts

Emirates Suspends Flights to Nigeria
Business

Emirates Suspends Flights to Nigeria

by Staff Writer
August 18, 2022
AGRA Supports Ethiopia To Attract Investment Into Wheat, Rice, Edible Oil Seed, Animal Feed Value Chains
Business

AGRA Supports Ethiopia To Attract Investment Into Wheat, Rice, Edible Oil Seed, Animal Feed Value Chains

by Staff Writer
August 18, 2022
MTN Rwanda Unveils TV App
Business

MTN Rwanda Unveils TV App

by Staff Writer
August 18, 2022
Next Post
CIMERWA Plc Records +414% Increase In Net Profit For Half Year 2022

CIMERWA Plc Records +414% Increase In Net Profit For Half Year 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest news

France Armed Islamist Militants, Mali Tells UN

France Armed Islamist Militants, Mali Tells UN

August 18, 2022
President Putin Reveals Why USA Fuels Conflicts in Asia, Africa and Latin America

President Putin Reveals Why USA Fuels Conflicts in Asia, Africa and Latin America

August 18, 2022
Deploying Burundi Troops in DRC is Big Humiliation – Dr.Mukwege

Deploying Burundi Troops in DRC is Big Humiliation – Dr.Mukwege

August 18, 2022

Trending

  • Fifth President Of Kenya To Be Announced At 3PM

    Fifth President Of Kenya To Be Announced At 3PM

    52 shares
    Share 21 Tweet 13
  • Woman Striped Naked, Shouted “Allahu Akbar” Before Hijacking Plane

    13 shares
    Share 5 Tweet 3
  • Gorilla Games Launches Casino And Sportsbook Android Applications

    284 shares
    Share 114 Tweet 71
  • Secretary Blinken Refuses To Recognise “Genocide Against The Tutsi”, Rattles Rwandans

    18 shares
    Share 7 Tweet 5
  • Burundi Sends Troops to DRC Under EAC Force

    9 shares
    Share 4 Tweet 2

Africa

  • East-Africa
  • North-Afria
  • West-Africa
  • South-Africa

World

  • America
  • Asia
  • Europe

Others

  • The Big talk
  • Sports
  • In pictures
  • Science
  • Jobs & Tenders
  • Transform Africa
  • Health
  • Religion

More

  • National
  • Business
  • Crime
  • Life-Style
  • Special Report

Website

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms & Conditions

Languages

  • Kinyarwanda
  • Français
Taarifa is a Rwandan News Platform telling true stories by delivery quick, in-depth and exclusive news on Social, Political, and Economic issues.
Facebook Twitter Youtube Instagram Flickr
  • +250788316164
  • +25078457033
  • info@taarifa.rw
  • taarifarwanda@gmail.com
© 2022 Copywright Taarifa.rw 2022
No Result
View All Result
  • Home
  • National
    • Business
  • Crime
  • Africa
    • East-Africa
    • North-Africa
    • South-Africa
    • West-Africa
  • World
    • America
    • Asia
    • Europe
  • Lifestyle
  • Others
    • The Big Talk
    • Sports
    • In Pictures
    • Science
    • Jobs & Tenders
    • Transform Africa
    • Health
    • Religion
  • Special Report

© 2022 Copywright

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?