Companies registration agency (PACRA) hikes statutory fees for business, intellectual property rights

The Patents and Companies Registration Agency (PACRA) has with immediate effect adjusted upwards statutory fees for business and intellectual property rights registration as well as post registration services.

The agency in its notification issued on Tuesday to the business community by its Registrar and Chief Executive Officer, Benson Mpalo, said this was in accordance with Statutory Instrument No. 25 of 2024.

On April 15, 2024, the Finance and National Planning Minister, Situmbeko Musokotwane, issued the Fees and Fines (Fees and Penalty Unit Value) (Amendment) Regulations – Statutory Instrument No. 25 of 2024.

The Statutory Instrument adjusted upwards, the Fee and Penalty Unit Value, under the Fees and Fines Act Chapter 45 of the Laws of Zambia.

The Fee and Penalty Unit is what the agency used to calculate the fees it charges for its services.

“Following the upward adjustment of the Fee and Penalty Unit Value, the Agency wishes to notify the business community and the general public that all fees for services provided by the Agency have been adjusted with immediate effect, in accordance with Statutory Instrument No. 25 of 2024,” Mpalo said.

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