Nov 20 , 2021
The Ministry of Trade & Regional Integration has announced a significant reduction in the types of businesses that are required to present certificates of competency from various government regulatory bodies to acquire a trade license. Previously, the requirements applied to 52 various lines of business but that number has been lowered to 10 following a letter from the Ministry instructing trade bureaus to do so on November 15, 2021. Among those that still need to present certificates are importers of medical equipment, as well as food and chemical products. Meat processors and animal feed producers will also need to hold certification from the relevant government body when applying for a trade license. Ministry officials expect the move to facilitate the ease of doing business in the country.
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