Licensing Regime
The regulation stipulates minimum requirements for applicants to operate a credit reference bureau in Malawi. The Table below briefly summarises some of these requirements. However, applicants are advised to read through the applicable directives to fully understand the requirements.
| Entity | Application Fee | Minimum Capital | Governance | Duration |
|---|---|---|---|---|
| Credit reference bureau | MK100,000 | Kwacha equivalent of USD50,000 | Board of Directors and Senior Management | 2 years |