View Procedure
| Procedure Name | Business registration |
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| Description |
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Category
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Company Registration
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Responsible Agency
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One-Stop Business Facilitation Centre
Address: Director OBFC and Registrar of Companies, One-Stop Business Facilitation Centre
Ministry of Trade and Industry, P.O. Box 747, Maseru 100
Phone: (+266) 22326647
Fax:(+266) 22310326
Official Website: www.obfc.org.ls
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| Legal Base of the Procedure |
Companies Act No 18 of 2011
Companies Regulations 2012.
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Processing Time
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Register as a user on the OBFC's company registration system; Min. 5mn - Max. 55mn
Name reservation; Max. 5mn
Company Registration; Min.1 day - Max. 2 days
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Fee
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Name reservation; LSL 30
Incorporation fees; LSL 500(Via Credit Card)
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Required Documents
Name Reservation;
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No.
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Type of information
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Note
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1
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Original copy of the Advice form
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Company Registration;
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No.
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Type of information
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Note
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1
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Online form
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2
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Form 01A - List of shareholders
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Signed by all shareholders |
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3
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Form 08 - Director's consent
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4
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LRA form - Director's details
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| 5 |
Certified Originals of National ID Card/Passport/Driver's license |
Of the director(s) and the shareholder(s) |
| 6 |
Certified Copy of the Ante-nuptial contract |
Of the director(s) married out of community of property |
| 7 |
Original copy of the Affidavit |
if a shareholder is under 18 years old
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| 8 |
Original copy of the Certificate of incorporation |
if a shareholder is an active company |
| 9 |
Original copy of the Power of attorney |
when the incorporation is done by an attorney on behalf of directors and shareholders |
Process Steps
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Step1
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The applicant needs to register as a user on the One-Stop Business Facilitation Centre's company registration system (www.companies.org.ls.)
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Step2
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Reserve a company name at One-Stop Business Facilitation(Optional)
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Step3
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The applicant opens an application to incorporate a Lesotho private company at www.companies.org.ls.
The applicant has 5 working days to provide all the relevant information (General details, Addresses, Officers, Shares and shareholders, Allocations, Documents)
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Step4
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The applicant pays the incorporation fees
By credit card or by using the money available on his/her online account (previously credited with a cash deposit at OBFC).
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| Step5 |
The processing officer at OBFC reviews the application.
If any revisions are required, the officer sends a notification to the applicant (5 working days to revise)
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| Step6 |
If approved, The applicant is informed by mail that the company incorporation has been completed.
The applicant receives the certificate of incorporation (with the company name, date of incorporation, registration number, TIN, and validation code) and automated particulars of the company (with articles of association)
All these documents are made available online at www.companies.org.ls on the applicant's account. He/she can download from the online account a company extract (that is not sent by mail).
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NOTE;
1. If no specific articles of incorporation are submitted by the company, the model of articles of incorporation developed by the Registrar is automatically registered (Act 2011, Article 87.4)
2.Tax Registration
- The information provided to the Registrar for the incorporation of a company will be shared with the Lesotho Revenue Authority in order that the company can automatically be registered as a taxpayer. Confirmation of the tax registration will be provided with the incorporation certificate
- As and when the company takes on employees, it will still necessary for them to be registered separately for PAYE purposes.
3. Name reservation is optional. It is done online at www.companies.org.ls. The payment can be done online by credit card or by a cash or debit card deposit at OBFC.
4. The name reservation is valid for 60 days. The reserved name will be used by the applicant when the company is actually incorporated
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| Category | Procedures |
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The following form/s are used in this procedure
This procedure applies to the following measures
| Name | Measure Type | Agency | Description | Comments | Legal Document | Validity To | Measure Class |
| Business registration | General | | Companies are registered by the office of the Registrar Companies (Registrar) at OBFC. The companies are incorporated under Companies Act No 18 of 2011 and Companies Regulations 2012. | The Registrar will provide the company with Standard Model Articles and Particulars of the Company, but a company can develop its own articles. | Companies Act NO. 18 OF 2011 | 31-12-9999 | Good |
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