Company re-registration all you need to know.
Company re-registration season is Zimbabwe is upon us and 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
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. 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.
Requirements for company re-registration
Here are the requirements for company reregistration:
- 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.
- 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.
- 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.
- 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.
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 31 December 2024. 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