Archives February 2022

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National Youth Day Promo

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Calling upon all Zimbabwean youths aged 35 and below to come and grab this golden opportunity! From 18-28 February 2021, you will get huge discounts from any of our service offerings. Call us now for more: +263716196475

When is Robert Mugabe National Youth Day?

Robert Gabriel Mugabe National Youth Day is a national holiday in Zimbabwe and is celebrated on February 21st.

This holiday honours, Robert Mugabe who was the first prime minister of Zimbabwe from independence in 1980 until 1987, then the country’s 2nd president from 1978 to 2017.

The focus of the day is increasingly moving away from the late president and is instead focusing on youth. Speaking in 2021, Youth, Arts, Sports and Culture minister Kirsty Coventry, said “The 21st February is a National Youth Day. The day was proclaimed and instituted by the government in 2017 in order for the nation to recognise and celebrate the contributions made by the youth throughout the history of the country as well as for the young people to recognise and emulate the leadership values.” It is against this background that we want youths to lead in formalising their businesses, to lead in being employers of tomorrow that’s why we are giving them massive discounts on company registration. 

History of Robert Mugabe National Youth Day

Robert Mugabe was born on February 21st 1924. He was a school teacher before becoming involved in African nationalist protests calling for independence for Southern Rhodesia from Britain. He was imprisoned from 1964 to 1974 for making anti-government comments. On release, he became the leader of the ZANU Patriotic Front. He took part in the peace negotiations that led to independence and the end of minority white rule.

At the 1980 general election, Mugabe led the ZANU-PF to victory, becoming Zimbabwe’s first Prime Minister from 1980 – 1987. In 1987, he became President, only stepping down in 2017 after a military intervention and mass demonstrations.

Mugabe died on September 6th 2019 at the age of 95.

The Robert Gabriel Mugabe National Youth Day was first proposed and accepted in August 2017 after intense lobbying by the ZANU-PF Youth League.

The 21st February Movement was formed in 1986, by the ZANU-PF Youth League, to commemorate the principles and ideals that former president Mugabe stood for.

It was officially declared as a public holiday on the inauguration of President Emmerson Mnangagwa on November 27th 2017. On announcing the holiday, President Mnangagwa said the former president needed to be given the respect and recognition he deserved as one of the founders and leaders of Zimbabwe. “To me personally, he remains a father, mentor, comrade-in-arms and my leader,” he said.

May all those below the age of 35years engage us and get a lucrative percentage from any of the services we offer. 

Blog Company registration

How to open a Company bank account with First Capital bank

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01

INTRODUCTION

How to open a corporate or company bank account with First Capital bank

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Here are requirements to open a company bank account with First Capital Bank

1. Certificate of incorporation – bearing the registrar of companies

2. Memorandum and articles of association –registrar stamp on both copies

3. Company registered address document for registrar-registrar ‘s stamp

4. List of company directors from registrar-must bear the registrar’s stamp –names to agree with

identification documents

5. For a company registered after 15 February 2020 a beneficial ownership declaration form (cr16)

6. current tax clearance certificate from the tax authority

7. identity documents ( valid passport , national id card , driver’s licence) and proof of residential

address( utility bill less than 3 months old ) of all signatories.

8. Identity documents ( valid passport , national id card , driver’s licence ) and proof of a

residential address ( utility bills less than 3 months old ) for all executive directors. For non –

executive directors provide date of birth, place of birth , id number and residential address

9. Identity documents and proof of residence for shareholders with 10% shareholding and above

(i)if corporate body, provide registration number , registered address, registered name and date

of registration (ii) if individual provide ,passport , or id or driver’s licence and residential

address confirmation.

10. Fully completed application form

11. Appointment of bankers

12. Shareholders organogram showing ultimate beneficiary owners – management structure

13. Latest financial statements – #12 months projections ( cash flow statement ,balance sheet and

income statement

14. Company profile

15. Their email address Charles.gadaga@firstcapitalbank.co.zw

Kindly take note that for item #6, Current Tax Clearance Certificate, you have to use a bank advice note which we can issue to you for USD 20. Contact us: +263716196475 or +263777069078 , email address is info@companyregzim.co.zw . For assistance with any other documents and bank account opening, please do not hesitate to contact us.

Company registration Tax Clearance Vendor Number Registration

Requirements to open a corporate bank account with Ecobank in Zimbabwe

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BANK OPENING REQUIREMENTS

Here are the requirements to open a corporate bank account with Ecobank in Zimbabwe.

1. Completed account bank opening form

2. Fully signed mandate card

3. Dully signed mandate resolution

4. Memo and articles of association

5. Cr14 and cr6

6. Cr2 or letter confirming shareholding (signed by company secretary and a director)

7. Tax clearance form

8. Vat registration

9. Signatories (a) 1passport size photos(b)certified copies of id(c)proof of residence {not more than

3 months old} foreign nationals to provide extract of passports work permits and residential

permit

10. Certificate of incorporation

11. Directors –(a) certified copies of id (b)proof residence permit

12. Other shareholders (a)certified copies of id (b0 proof of residence(not more than 3 months

old)(c)foreign nationals should provide extract of passport , work permit and residence permit

13. Initial deposit $100

14. Directors don’t need to be physically present as long they provide #11

15. It takes 3 – 5 working days

Should you require assistance with Memorandum and Articles of Association, Tax Clearance Certificate, CR2, VAT reguistration and other services, feel free to reach to us: +263716196475 | +263777069078 | info@companyregzim.co.zw