Hargeisa 25 April, 2022 (MoFD) Meeting on Facilitating the Issuance of Business Licenses and other Permits.

The Minister of Ministry Finance of the Republic of Somaliland Dr. Saad Ali Shire chaired a high-level meeting in his office which was attended by 14 senior government officials including Ministers, Deputy Ministers, and Directors General, from Ministries including; Ministry of Finance Development, Ministry of Trade and Tourism, Ministry of Health Development, Ministry of Livestock and Fisheries, Ministry of Environment, Ministry of Justice and Judiciary Affairs and Ministry of Post and Telecommunications.

The meeting, which lasted for some time, focused on facilitating the issuance of business licenses and other permits, as the Government looks at the economic circumstances caused by the drought, inflation and burning of Waaheen Market {the Hargeisa Central Market}, and to encourage the business growth, it was decided to shorten the steps to obtain business licenses to reduce the time and cost of obtaining business licenses.

In addition, the Ministries of Finance and Trade have recently jointly informed traders that have expired licenses more than three years will only be charged for the last year, and the exemption chance will continue until June this year.

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