Company re-registration season is Zimbabwe is upon us and  the date for the re-registration has since been set to 30 April 2026. In this write up, we dive deeper into why should companies re-register (the consequences), the requirements for company reregistration, the steps to be taken, how to reregister a company in Zimbabwe, and by when should companies re-register (deadline for company reregistration). Without further ado, let’s get into it!

Why company re-registration in Zimbabwe?

Company re-registration came about when the Companies and Other Business Entities Act (Chapter 24:32) was enacted.  This means that all manually registered companies (companies registered before April 2024) must re-register and have their details captured electronically. The act came into being in 2019. So this is compulsory for all companies. Section 303(9) of the Act requires all existing companies and private business corporations to re-register under the new Act.

The Government of Zimbabwe has issued business owners with an ultimatum for the re-registration of companies registered under the old system. The move has been necessitated by the government’s migration from the old paper-based model to a more efficient and secure tamper-proof electronic system.

Company Re-registration deadline

Under Statutory Instrument 108 of 2025, the Minister of Justice, Legal and Parliamentary Affairs, acting in terms of section 303 of the Companies and Other Business Entities Act, has set 20 April 2026 as the deadline for the re-registration of companies registered under the old Act.

Company re-registration in Zimbabwe – Announcement

Requirements for company re-registration

Here are the requirements for company re-registration in Zimbabwe:

1. Scanned copies of all your company registration documents (Certificate of Incorporation , CR5, CR6, Memorandum and Articles of Association. Note that companies re-registered before 2022 have CR14 and CR6 instead of CR5 and CR6.
2. Updated annual returns for that respective company- the company being re-registered must have updated its annual returns with the registrar of companies. For us to compute the total cost of updating your returns , please advise us the date of incorporation of your company.
3. Minutes – The directors should pass minutes to re-register the company and file the Minutes in their company records
4. Resolution – Existing shareholders must agree to re-register the company by signing a special resolution.
5. A signed affidavit showing that you have the right to re-register the company.

Here is sample text to write when filling in the affidavit form.

I, [your full name] , bearing ID number 63-XXXXX-01 , solemnly affirm that I am a director of Your Company Name and possess the authority to proceed with its re-registration. Our application accurately represents the contents of the office copy file. 

The total number of shareholders are X:

Shareholder A- ID number- Y number of Shares

Shareholder B- ID number- Z number of  Shares

Total number of shares taken –

 

Download the Zimbabwean affidavit form here if you don’t have one.

Company reregistration steps.

Step 1. Requirements gathering

Re-registering your company in Zimbabwe is easy. Simply get in touch with us with the above requirements. WhatsApp , call or email us with the requirements.

Step 2. Pay the $100 company re-registration fee.

To proceed successfully with your company re-registration, you must pay the company re-registration fee of $100. We will prepare your pessary documents and advise you of any annual returns that must be paid.

Step 3: Receive your re-registered company documents.

Once we have submitted your documents to the Registrar of Companies, we will receive re-registered documents of your company. We will email these to you. Please note that company re-registration is being done so that all companies must be electronically captured. This means that no more hard copies of company documents. However, you may see physical copies of company documents for things like Annual returns.

Frequently Asked Questions About Company Re-registration

When should companies be re-registered?

The deadline for company re-registration in Zimbabwe is 30 April 2026. All companies not re-registered by this deadline will be de-registered.

How much does it cost to re-register my company?

Company re-registration in Zimbabwe costs US$100.00 only if done via this website.

How can I re-register my company?

Re-registering your company is very simple. Get in touch with us now and start the company re-registration process.

What is included in the company re-registration price?

• The Companies Registry fee
• Completion and filing of the Company re-registration form, which is used to notify Companies and Intellectual Property of the company re-registration
• Minutes – The directors should pass minutes to re-register the company and file the Minutes in their company records
• Resolution – Existing shareholders must agree to re-register the company by signing a special resolution

Re-register your company in Zimbabwe now! Get in touch with Maxwell on +263716196475 | +263777069078 or via email: info@companyregzim.co.zw

Conclusion

In summary, not re-registering is an existential threat to a company in Zimbabwe, effectively dissolving the business and separating the owners from its assets and name.

When it comes to business registration in Zimbabwe, entrepreneurs often face the critical decision of choosing between a Private Limited Company (Pvt Ltd) and a Private Business Corporation (PBC). Both entities are legally recognized under Zimbabwean law, but they differ significantly in terms of legal requirements, ownership structure, compliance obligations, and operational flexibility. Understanding these differences is vital for any business owner who seeks to make the right choice for long-term growth and sustainability. This article outlines the difference between Private Limited Company and Private Business Corporation in Zimbabwe.

Overview of Business Entities in Zimbabwe

Zimbabwe’s business environment offers several forms of business structures, but the two most common are the Private Limited Company and the Private Business Corporation. Both provide limited liability protection, meaning that the personal assets of the owners are shielded from business debts. However, the procedures for formation, governance, compliance, and taxation vary significantly.

What is a Private Limited Company (Pvt Ltd) in Zimbabwe?

A Private Limited Company is one of the most popular and recognized forms of business entities in Zimbabwe. It is governed by the Companies and Other Business Entities Act (Chapter 24:31).

Key Features of a Pvt Ltd Company:

• Shareholders: Can have a minimum of 2 and a maximum of 50 shareholders.

• Legal Personality: It is a separate legal entity, distinct from its shareholders.

• Share Capital: Ownership is represented through shares, and shareholders’ liability is limited to the value of their shares.

• Continuity: The company continues to exist even if shareholders change or pass away.

• Management: Managed by directors appointed by shareholders.

• Compliance: Requires annual returns, audited financial statements, and adherence to corporate governance rules.

What is a Private Business Corporation (PBC) in Zimbabwe?

The Private Business Corporation (PBC) was introduced to provide a simpler and more cost-effective business structure for small to medium enterprises (SMEs). It is also governed by the Companies and Other Business Entities Act but has less stringent compliance requirements compared to Pvt Ltd companies.

Key Features of a PBC:

• Ownership: Can be formed by a single member, with a maximum of 20 members.

• Legal Personality: Like a Pvt Ltd, a PBC is a separate legal entity.

• Members vs. Shareholders: Members own the business instead of shareholders, and ownership is expressed in percentage ownership rather than shares.

• Management: Members manage the PBC directly without the need for directors.

• Flexibility: Ideal for small businesses, freelancers, consultants, and family-owned enterprises.

• Compliance: Fewer statutory obligations compared to Pvt Ltd, making it cost-effective.

Difference Between Private Limited Company and Private Business Corporation in Zimbabwe

1. Ownership Structure

• Pvt Ltd: Ownership is divided into shares held by shareholders. Investors can easily buy or sell shares, making it attractive for businesses that plan to raise capital.

• PBC: Ownership is based on percentage allocation among members. Shares are not issued, making transfer of ownership more complex.

2. Minimum and Maximum Members

• Pvt Ltd: Minimum of 2 shareholders and a maximum of 50.

• PBC: Can be registered with just 1 member, but not more than 20 members.

3. Capital Requirements

• Pvt Ltd: Requires formal share capital declaration and issue of shares.

• PBC: No formal share capital requirement, making it easier and cheaper to start.

4. Management and Governance

• Pvt Ltd: Managed by directors appointed by shareholders. Corporate governance rules are stricter.

• PBC: Managed directly by members, with no requirement for a board of directors.

5. Compliance and Reporting

• Pvt Ltd: Must file annual returns, maintain company registers, and often prepare audited financial statements. Non-compliance attracts penalties.

• PBC: Minimal compliance, usually limited to annual returns. No obligation for audited accounts unless required by law or specific contracts.

6. Cost of Registration and Maintenance

• Pvt Ltd: Higher registration fees and ongoing costs due to compliance obligations.

• PBC: Lower registration fees and affordable ongoing maintenance costs.

7. Raising Capital

• Pvt Ltd: Easier to raise funds from investors and banks since shareholding structures are more formal and recognized.

• PBC: Limited access to funding as many investors and financial institutions prefer Pvt Ltd structures.

8. Perception and Credibility

• Pvt Ltd: Seen as more professional, credible, and suitable for medium to large businesses.

• PBC: Considered ideal for startups, sole traders upgrading their business, or small enterprises.

Advantages of Registering a Private Limited Company in Zimbabwe

• Access to larger capital and investment opportunities.

• Separate legal entity ensuring perpetual succession.

• Increased credibility with suppliers, investors, and clients.

• Ability to issue shares to raise funds.

• Strong legal structure suitable for growth-oriented businesses.

Advantages of Registering a Private Business Corporation in Zimbabwe

• Cost-effective registration and maintenance.

• Simple compliance requirements.

• Can be owned by a single person.

• Direct management without the need for directors.

• Best suited for startups and small enterprises.

Which One Should You Choose?

The choice between a Private Limited Company and a Private Business Corporation depends on the size, goals, and nature of your business.

• If you are running a small business, consultancy, or side hustle, a PBC offers the simplest and most cost-effective solution.

• If you intend to expand, attract investors, or build a scalable enterprise, then a Pvt Ltd company is the better option due to its flexibility and recognition in the corporate world.

Both entities provide limited liability protection, but they serve different business needs. Entrepreneurs must carefully consider long-term vision, compliance tolerance, and funding requirements before making a decision.

Conclusion

In Zimbabwe, the choice between a Private Limited Company and a Private Business Corporation is not just about compliance—it is about setting the foundation for your business’s future. A Pvt Ltd offers credibility and growth opportunities, while a PBC provides simplicity and affordability. Understanding the differences in ownership, governance, compliance, and capital requirements allows business owners to choose the most suitable structure for their goals.

Breaking news: Reserve Bank of Zimbabwe Introduces New Structured Currency, Zimbabwe Gold (ZiG), effective this Friday.

In a significant development for Zimbabwe’s monetary landscape, the Reserve Bank of Zimbabwe (RBZ) has announced the introduction of a new structured currency. The currency is called Zimbabwe Gold (ZiG) and is set to take effect this Friday the 5th of April 2024. The recently appointed Governor of the Reserve Bank of Zimbabwe Dr John Mushayavanhu revealed the introduction of the new currency in his first ever monetary policy announcement. This move reflects the country’s efforts to diversify its currency options and potentially stabilize its economy.However, the general Zimbawean populacy seems to dislike the move citing issues to do with lost confidence in the local currency.

All about Zig in brief.

The recent introduction of Zimbabwe Gold (ZiG) as the replacement for the Zimbabwe Dollar (ZWL) marks a significant shift in the country’s currency landscape. Trading at a rate of 13.5616 against the US dollar, ZiG aims to bring stability and restore confidence in the nation’s economy. The currency will be available in both coin denominations, such as 25c and 50c, and banknote denominations, including 1, 2, 5, 10, 20, 50, 100, and 200. Moreover, the exchange rate of ZiG will be determined by market forces, effectively replacing the auction system that ceased to exist in December 2023. This transition to a market-determined exchange rate signifies the government’s commitment to create a more flexible and efficient currency system that aligns with prevailing economic conditions.

Features of the new Zig currency

Whilst the new Zig currency is being said to be in circulation, there hasn’t been education on it’s features. As should be the norm, newly introduced currencies must be advised in due course to the public, their security features must be disclosed and illuminated in most commercial banks. However, that hasn;t been the case with the Zig currency. Below is a picture of the recently introduced notes.

Zig currency

Effects of ZiG on businesses

Firstly, the most common and adverse effect of the introduction of Zig currency is the change in SI unit by comapnies. Businesses in Zimbabwe have been using the ZWL $ and are now forced to alter their systems to Zig $. How inconvenient is that?

Negative effects of Zig.

The introduction of Zimbabwe Gold (ZiG) opens up new possibilities for trade, investment, and economic growth within Zimbabwe. It is expected to enhance the country’s position in the global market by leveraging its abundant gold resources and potentially attracting international investors who value the stability offered by a gold-backed currency.

The introduction of a new currency can have various effects on the economy of a country. Let’s analyze the potential effects of the recently launched Zig currency in Zimbabwe.

1. Stability and Confidence: If the Zig currency is introduced with a stable monetary policy and effective measures to control inflation, it can instill confidence in the economy. A stable currency encourages investment, both domestic and foreign, and promotes economic growth.
2. Inflation Control: Zimbabwe has faced significant challenges with hyperinflation in the past. The introduction of a new currency provides an opportunity to implement better monetary policies and measures to control inflation. By managing the money supply effectively, the Zig currency can help stabilize prices and restore confidence in the economy.
3. Exchange Rate: The exchange rate of the Zig currency against other major currencies will play a crucial role. If the Zig currency is appropriately valued and maintains a stable exchange rate, it can enhance trade competitiveness and attract foreign investment. However, if the exchange rate is volatile or overvalued, it may negatively impact exports and increase the cost of imports.
4. Transition costs: Logistical challenges and costs are involved in the introduction of a new currency. These encompass the printing and distribution of new banknotes, the updating of financial systems, and the education of the public about the new currency. The successful management of these transition costs is essential to ensure a smooth transition to the Zig currency.

Conclusion

In conclusion, whether the new Zimbabwean currency, Zig, will endure and persist until 2030 remains uncertain. The success and longevity of a currency depend on a multitude of factors, including economic stability, effective monetary policies, public confidence, and external market conditions. While the introduction of Zig presents an opportunity for Zimbabwe to address previous currency challenges, only time will reveal its fate. Vigilant monitoring, prudent management, and adaptive strategies will be vital in navigating potential obstacles and ensuring the currency’s sustainability. As the years unfold, the true test of Zig’s resilience and endurance will become apparent, and only then will we know if it will stand the test of time until 2030 and beyond.

LP Gas has played a critical role in today’s modern age. From cooking to refrigeration and from heating to cooling, LP gas has become an important part of today’s households. Here is a step by step guide on how to legally Register your LP Gas business.

Brief history about Liquified Petroleum Gas

LP gas, also known as liquefied petroleum gas or LPG, has a fascinating history that dates back to the early 20th century. The origins of LP gas can be traced back to the discovery and extraction of natural gas and petroleum. In the early 20th century, natural gas and petroleum were primarily used for lighting and heating purposes. However, the challenge emerged when it came to safely transporting and storing these gases.In 1910, Dr. Walter Snelling, an American chemist, made a significant breakthrough in the field of gas technology. He discovered that by compressing and cooling natural gas, it could be converted into a liquid state, occupying less space and making it easier to transport and store. Dr. Snelling coined the term “liquefied petroleum gas” or LPG.

Demand of LP Gas in Zimbabwe

The consumption of LP Gas in Zimbabwe had a steady rise from around 2013 when the country started facing electricity woes. In the same year, only 5million kgs of LP gas were consumed. According to the Herald Zimbabwe, the number shot to 65million in 2023 which is an impressive and sharp increase in demand. Without any inch of doubt, the LP gas business is very lucrative in Zimbabwe and one must venture into it.

Now that we’re over with the history of LP gas and how it has grown so much in popularity, let’s talk about how you can tap into this goldmine and formalise your gas retailing business in Zimbabwe.

Step 1: Registering Your LP Gas Business

To legally register your LP Gas business, the first step is to register your company. This ensures that you comply with all necessary regulations and requirements.

Here are the requirements to register your LP Gas business as a company in Zimbabwe:

1. Five proposed names of your company in order of priority.
2. The objective of your company [which is gas retailing in this case].
3. Directors’ , shareholders and secretary’s details [ID card, physical address, and email address].
4. Business Contact Details [business email and physical addresses]. If the business doesn’t have emails or physical addresses yet, you can make use of the emails and physical address for one of the directors. Contact City Cloud so that you get customised business email addresses like: sales@mycompany.co.zw for just $3 per month.

Once your LP Gas is fully registered, you’ll receive the following documents:

1. A certificate of incorporation.
2. A copy of the Articles of Association.
3. A copy of the Memorandum of Association.
4. A copy of the CR 6 which is the list of directors and secretaries [formerly CR16]
5. A copy of the CR 5 which shows the business’s contacts that is business email and physical address.

Please feel free to get in touch with us for company registration. Call or WhatsApp us: +263716196475

Obtain a Tax Clearance Certificate

The next step after registering your gas retailing business is to obtain a Tax Clearance Certificate for the business. This helps ensure that you are tax compliant with  Zimbabwean tax laws. We advise you to engage tax experts to help you with tax registrations and tax remittances. Engage us to help you get tax compliant always.

Step 2: Identifying a Suitable Location for Your LP Gas Business

Once you have completed the registration process, it’s time to identify a suitable open space or area where you can construct or erect your cage for the LP Gas business. This location is crucial for your operations and must meet the necessary safety standards.

Step 3: Engaging with Local Authorities for Approval and Permits

Visiting your local authorities, such as the City Council, Municipality, or Rural Local Board, is the next step. You will need to present your company registration and tax clearance documents and inform them of your intentions to start an LP Gas retail business. Additionally, you should provide details about the open space you have identified as your preferred site.

Step 4: Application and Inspection Process

The council will review your application and advise if the preferred site is reserved for future use. If not, you will be required to pay an application fee and submit your cage plan and an application letter for the site. Following this, you will need to pay a booking fee to the Fire Brigade for a pre-inspection to ensure the suitability of the area for gas retailing. Engage Leoned Construction on: +263 77 426 9458 for the building of your gas housing and get the gas tanks from T&C Gas.

Step 5: Obtaining Approvals and Compliance

If the Fire Brigade approves the site, you will receive an approval letter, which you will then present to the local authority. They will issue an offer letter for the site, and you will need to make the required payments. After this, you must approach the Environmental Management Agency (EMA) for another pre-inspection to assess any potential environmental and community damage caused by your operations.

Step 6: Construction and Compliance with Safety Standards

Once EMA approves your site, you can proceed with the construction or erection of your blast cage. It is essential to adhere to the prescribed measurements and requirements provided by the Standards Association of Zimbabwe (SAZ) or the Zimbabwe Energy Regulatory Authority (ZERA). The cage should include hazchem signage, fire extinguisher, and pumping equipment installation.

Step 7: Final Approval and Operating Licenses

Upon completing the construction of your cage, you will need to seek final approval from ZERA. They will evaluate your compliance, and you must score a compliant percentage of 75% or higher. It is crucial to obtain operating licenses from all relevant authorities, including the Council, Fire Brigade, EMA, and ZERA, before commencing your LP Gas business operations.

Where to get customers to supply gas?

1. Tenders – the governement, government agencies, Non-Governmental organisations and corporates are one of the key consumers of liquidified petroleum gas. Check and respond to their tenders that are published in the government gazette and other online publications.
2. Local Businesses: Approach restaurants, hotels, cafes, and other food establishments as they often require gas for cooking. Additionally, consider supplying gas to industrial companies, manufacturing plants, and commercial complexes that use gas for their operations.
3. Residential Areas: Target residential areas with households that use gas for cooking or heating purposes. You can distribute flyers, advertise in local newspapers, or utilize online platforms to reach potential customers in these areas.
4. Construction Sites: Contact construction companies and contractors who may require gas for temporary heating, welding, or other construction-related activities.
5. Schools and Institutions: Schools, colleges, and universities often have gas requirements for their laboratories, kitchens, or other facilities. Approach these educational institutions and offer your gas supply services.

Additionally, here are some points to consider for your LP Gas business:

1. Sourcing LP gas supply: You must identify reputable LP gas suppliers in your area to ensure a consistent and reliable source of supply for your business.
2. Pricing your LP Gas: It is important that you do a thorough research about the market and determine competitive pricing for your LP Gas products. Consider factors such as production costs, transportation, and market demand while setting your prices.
3. Digital Marketing for your LP gas business: Utilise digital marketing strategies to promote your LP Gas business. Establish a professional website, create social media profiles, and engage with potential customers through targeted advertisements and informative content.Hire a digital marketing agency like City Cloud.
4. Online ordering and delivery: Provide the convenience of online ordering and delivery services to attract customers. Develop a user-friendly website or mobile app where customers can place orders and have LP Gas delivered to their doorstep. This will allow you to standout from competitors.
5. Customer loyalty programs: Implement customer loyalty programs to incentivize repeat business. Offer discounts, rewards, or referral programs to encourage customers to choose your LP Gas business over competitors.

By following these steps and considering additional strategies for sourcing, pricing, and marketing your LP Gas business, you can establish a legally registered and successful venture in the industry.