Ministry of Economic Development says registered businesses can now self-generate their Profile Sheets through the Business Portal.
It said that such businesses include companies, partnerships, sole traders, and cooperative societies.
The Ministry said via tweeter that businesses can access this service via the Business Portal.
It said that the corporate profile sheet is required to open bank accounts after registering the business and that they can now generate the standard corporate profile sheet via the portal.
The Ministry further said that businesses can choose to add more information and generate a more thorough sheet other than the standard profile sheet.
It said that each Profile Sheet will contain a unique code that can be used by third parties like Banks and other service providers to verify the Profile Sheet.
The Ministry added that the new service would encourage the bring an end to releasing profile sheets from the Ministry Counter and encourage businesses to use the online medium.