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Lesotho’s New Rules for Foreign Business Owners
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Lesotho’s New Rules for Foreign Business Owners
You may have seen the recent headlines relating to no trading licences for foreign nationals. Although how it works and what its reach remains murky. What is being implemented is Regulation 34 of the Business Licensing and Registration Regulations which reserves specific business activities exclusively for indigenous citizens. The rule is not a “foreigner vs. Basotho company” test and not a 20%/30% shareholding threshold. If any proprietor, sha…
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