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Is approval required for regulated business activities?

April 26, 2017activities Approval Business regulated

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Is approval required for regulated business activities?

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RCB controls the incorporation of companies. However, the nature of the actual business activity could be subjected to government control and regulation. A company is not allowed to commence business without the necessary approval or licence from the relevant government authorities. When an application has been referred to another authority, it may take another 7 days to 2 months for the incorporation of the company.