Business
Companies Act 18 of 2011 with one-stop registration and no minimum capital
The Companies Act 18 of 2011 modernised company law, removing minimum capital and permitting single-member companies. Registration is through the One Stop Business Facilitation Centre. Lesotho's commercial law otherwise remains Roman-Dutch, received via the Cape.
Key rules
- Jurisdiction — The Registrar of Companies registers; the Commercial Division of the High Court hears disputes.
- Deadline — Annual return: filed with the Registrar of Companies each year
- Deadline — Trading licence: renewed annually alongside the company registration
Governing law
- Companies Act 18 of 2011
- Business Licensing and Registration Act 2019
- Insolvency Proclamation 51 of 1957
In practice
The insolvency framework is the weak point: the 1957 Proclamation predates modern rescue procedures entirely, so a Lesotho company in distress has liquidation and compromise but no statutory business-rescue equivalent.