Registering a company in Zambia is a well-defined process that involves choosing a company type, reserving a name, preparing the required documentation, and registering with PACRA and ZRA. By following this guide and making use of the resources provided, you will be well-positioned to establish your business in Zambia. Adherence to the laid out requirements and guidelines will ensure a seamless registration process and set your company up for a successful start in this promising market.
In Zambia, the types of companies that you can register include:
A unique company name is crucial for your company's identity. You can reserve and validate your preferred company name with the Patents and Companies Registration Agency (PACRA). PACRA guidelines can be found at this link: https://www.pacra.org.zm
The next step involves preparing the necessary documents for your chosen company type. The key documents include:
In Zambia, you will need to identify at least two directors (for all types) and at least one company secretary. Shareholders can be individuals or corporate entities, and a minimum of two shareholders is required.
Zambia does not have a minimum capital requirement for the registration of companies. However, you will need to state the total nominal share capital in the Articles of Association.
With your documents prepared, you can submit your application to PACRA. This can be done in person at their office or online via the PACRA Online Services portal: https://www.pacra.org.zm
The fees for registering a company vary but are roughly as follows:
Upon registration of your company, you must register for taxes with the Zambia Revenue Authority (ZRA). This can be done online via the ZRA portal: https://www.zra.org.zm
Depending on the nature of your business, you may need additional permits or licenses. Contact the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing the documents to receiving your Certificate of Incorporation, typically takes between 2 to 4 weeks, depending on the complexity of your application.