Business Licence Bill, 2023: Implications For Financial Services Entities

BUSINESS LICENCE BILL, 2023

Consolidates and amends law relating to business licences from 2010 to 2022

Repeals the Business Licence Act, 2010

BUSINESS

• A trade, profession, vocation, venture or undertaking;
• • The provision of personal services, or technical and managerial skills, and any adventure or concern in the nature of trade that does not include employment;
  • The provision by a club, association or organization, for a subscription or other consideration, of the facilities or advantages available to its members;
  • The admission, for consideration of persons to any premises, save and except for fairs, sporting & charitable events;
• The exploitation of tangible or intangible property for the purpose of obtaining income on a continuing basis from such property.