Patents and Company Registration Agency (PACRA) says they have recorded an increase in business registration in the last four years country wide.
PACRA Public Relations Officer Vaida Njobvu said about 15,000 local companies and businesses had been registered with the agency in the first half of this year.
Mrs. Njobvu told (ZANIS) in an interview in Lusaka that the agency was pleased that of the companies registered 5,000 are companies and over 10,000 are small businesses.
She observed that the establishment of provincial offices and the One Stop Business Centers had created a platform for many businesses to be registered in the country.
Mrs. Njobvu said the establishment of the One-Stop Business Centre’s in all the ten provinces was still in progress.
She however, reported that no company had been deregistered in the last six months.
Mrs. Njobvu explained that failure to comply with the legal requirement of annual returns was the main reason of deregistration.