TYPE OF GOVERNMENT
Constitutional monarch with Parliament and Senate partly elected through an intricate process and partly appointed by the monarch.
FORMS OF BUSINESS ORGANISATION
- Private or public limited liability company
- External company (ie a branch of a foreign company)
- Partnership
- Trading trust
- Sole trader
FORMATION OF A BUSINESS
Companies, trusts and external companies must be registered with the authorities in Mbabane. A business generally has to register for various tax purposes, workmens compensation, graded tax and Swaziland National provident Fund. Business licenses are required for certain activities.
TAXATION
Tax is levied on income from actual and deemed Swaziland sources. The corporate tax rate is 37,5. In addition there is:
