Registering a company in Zimbabwe is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Zimbabwe Business Registry and Zimbabwe Revenue Authority. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Zimbabwe. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this economically promising country.
Step 1: Choose your company type
The first step in registering a company in Zimbabwe is to choose the type of company you want to register. The most common types are:
- Private Business Corporation (PBC)
- Private Limited Company (PLC)
- Branch of a foreign company
Step 2: Choose a company name
Before registering your company, you'll need to choose a suitable name. The Zimbabwe Business Registry (ZBR) has guidelines for acceptable names.
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (for PBC and PLC)
- Application for Company Registration (for all types)
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for PBC and PLC) or one representative (for Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Zimbabwe requires a minimum capital of Z$1 for PBCs and PLCs. There is no minimum capital requirement for branches of foreign companies.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Zimbabwe Business Registry (ZBR). This can be done in person at their office or online via the following link: [website link unavailable as of my knowledge cutoff in September 2021]
The fees for registering a company are as follows:
- PBC: Z$50 (approximately)
- PLC: Z$300 (approximately)
- Branch of a foreign company: Z$500 (approximately)
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Zimbabwe Revenue Authority (ZIMRA). This can be done in person at the local Tax Office or online via the following link: http://www.zimra.co.zw
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 4 to 6 weeks, depending on the complexity of your application.