The Ministry of Commerce and Industry (MOC) in collaboration with the Liberia Revenue Authority (LRA) and the National Social Security and Welfare Cooperation (NASSCORP) is continuing its ongoing mobile business registration scheme with Montserrado County being the latest county after Grand Cape Mount. The Ministry said it is targeting over 30,000 businesses in Paynesville Redlight.
Addressing a cross section of marketers yesterday in Paynesville, Steve Marvie, Deputy Minister for Commerce and Trade Services at the Ministry of Commerce indicated that the exercise which is expected to cover the entire country will boost revenue generation and improve the business climate. According to him, it further provides the business community of Paynesville quick access to registering their businesses and benefit from numerous business opportunities being created by the government of Liberia. Deputy Minister Marvie said, “we used to allow you to travel as far as Liberia Business Registry (LBR) in central Monrovia to do business registration, but this mobile registry intends to reduce the procedures and occasional system problems at the LBR. “We have brought it to you; and you do not need to travel to central Monrovia to register your business, do it now and contribute towards the growth and development of your country,” he said, noting, “Efficiency and time and reduction in the cost of doing business are very important to the development of businesses. There is no better way to generate revenue than to take revenue generation to the people.” Making remarks, Peter W. Vaku, NASSCORP Montserrado County Regional Director challenged petty traders and medium enterprises to take advantage of the great opportunity provided through the mobile registry. He called on business owners to consider registering with NASSCORP which according to him helps to reduce poverty amongst citizens especially when they are retired. “As you register your business, you must also register your employees with NASSCORP, because you will get old one day or get hurt on the job,” he stated. For his part, Sebastian A. Weah, LRA Assistant Commissioner for Medium, Small Micro Tax Division told the gathering that the program earmarks both small and big businesses. He encouraged marketers to comply with the process and get registered in order to get the needed respect and recognition from the Liberia National Police (LNP). “If you register your business police will not run after you and your business will be operating legally. The LRA has a collectorate team deployed here in Redlight market to guide you in the process,” he intoned.