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.

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.

LP Gas 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 Company Summary [which now includes the old Memorandum of Association., Articles of Association, CR 5 and CR 6].

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

Company Registration , Tax Clearance Certificates , Vendor Number, PRAZ Regsitration – Call or WhatsApp +263777069078 | +263716196475 | info@companyregzim.co.zw 

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.

Company Registration , Tax Clearance Certificates , Vendor Number, PRAZ Regsitration – Call or WhatsApp +263777069078 | +263716196475 | info@companyregzim.co.zw 

 

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. If you are in Harare, order LP Gas from Barakah Gas. Get in touch with them on: +263718229229
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.

The Importance of Company Registration in Zimbabwe: Benefits and Regulations

Introduction

Starting a business is an exciting endeavor, but it requires careful planning and adherence to legal requirements. In Zimbabwe, one crucial step in establishing a business is company registration. This article explores the significance of company registration, the benefits it offers, and the regulations surrounding it. By understanding these aspects, aspiring entrepreneurs can ensure compliance, protect their business, and unlock numerous advantages. Let’s delve into the world of company registration in Zimbabwe.

Table of Contents

1. Understanding Company Registration
2. The Importance of Company Registration
3. Benefits of Company Registration
   1. Legal Recognition and Protection
   2. Limited Liability
   3. Access to Funding and Credit
   4. Enhanced Business Opportunities
   5. Credibility and Brand Reputation
4. Regulations for Company Registration
   1. Choosing a Company Name
   2. Types of Companies
   3. Documentation and Filing Requirements
   4. Share Capital and Shareholders
   5. Directors and Officers
   6. Tax Obligations
5. Conclusion
6. Frequently Asked Questions (FAQs)

Understanding Company Registration In Zimbabwe

Company registration refers to the formal process of legally establishing a company or business entity. It involves registering the company’s details with the appropriate government authority, usually the Companies and Intellectual Property Commission (CIPC) in Zimbabwe. This process grants the company a unique identity and confers various legal rights and obligations upon it.

The Importance of Company Registration In Zimbabwe

Company registration holds immense importance for businesses in Zimbabwe. It provides legal recognition and protection, safeguards the interests of stakeholders, and fosters a conducive business environment. Moreover, it enables entrepreneurs to access funding, enhances business opportunities, and establishes credibility in the market. Let’s explore these benefits in more detail.

Benefits of Company Registration In Zimbabwe

1. Legal Recognition and Protection

Registering a company offers legal recognition and protection to the business entity. It distinguishes the company as a separate legal entity from its owners and shareholders. This separation ensures that the company can enter into contracts, own assets, and incur liabilities in its own name. In the event of legal disputes or financial difficulties, the company’s owners are protected from personal liability, safeguarding their personal assets.

2. Limited Liability

One of the significant advantages of company registration is the concept of limited liability. By forming a company, shareholders’ liability becomes limited to their investment in the company’s shares. This means that if the company faces financial losses or legal obligations, the personal assets of shareholders are not at risk. Limited liability provides a safety net and encourages entrepreneurship by minimizing personal financial risks.

3. Access to Funding and Credit

Registered companies have better access to funding and credit facilities. Financial institutions and investors often prefer to deal with registered entities due to the legal protections they provide. Company registration enhances the company’s credibility and increases its chances of securing loans, investments, and business partnerships. This access to capital and credit empowers businesses to grow, expand their operations, and seize opportunities.

4. Enhanced Business Opportunities

Company registration opens doors to various business opportunities. It enables companies to participate in government tenders, contracts, and procurement processes. Many large corporations and government agencies prefer to engage with registered entities, creating a level playing field for businesses. Registration also enhances the company’s visibility, attracting potential customers, partners, and suppliers.

5. Credibility and Brand Reputation

Registering a company contributes to its credibility and brand reputation. Customers, suppliers, and other stakeholders perceive registered companies as more trustworthy and reliable. A registered company implies a commitment to comply with legal requirements, adhere to ethical practices, and maintain transparency. Building a strong brand reputation is crucial for long-term success and customer loyalty.

Regulations for Company Registration In Zimbabwe

To register a company in Zimbabwe, entrepreneurs must comply with specific regulations and procedures. These regulations ensure transparency, accountability, and the smooth functioning of businesses. Key considerations for company registration include:

1. Choosing a Company Name

Selecting a unique and appropriate company name is the initial step. The chosen name should comply with the guidelines outlined by the CIPC. It must not infringe upon existing trademarks or confuse consumers.

2. Types of Companies

Entrepreneurs must determine the most suitable type of company for their business. Common options include private companies, public companies, and non-profit organizations. Each type has distinct requirements and obligations.

3. Documentation and Filing Requirements

Applicants must prepare and submit specific documents, such as a Memorandum and Articles of Association. These documents outline the company’s constitution, its purpose, and the rights and responsibilities of shareholders.

4. Share Capital and Shareholders

Determining the company’s share capital and identifying shareholders are crucial steps. Share capital refers to the total value of shares issued, while shareholders are the individuals or entities that own these shares.

5. Directors and Officers

Companies must appoint directors and officers who will be responsible for managing the company’s affairs. Directors have fiduciary duties and legal obligations, ensuring compliance with laws and regulations.

6. Tax Obligations

Registered companies must fulfill their tax obligations by registering for relevant taxes, such as income tax, value-added tax (VAT), and payroll taxes. Compliance with tax regulations is essential for avoiding penalties and maintaining good standing.

Let us help you with Company Registration in Zimbabwe. Contact Us: +263716196475 | +263716196475

Company Registration In Zimbabwe

Frequently Asked Questions (FAQs)

1. Is company registration mandatory in Zimbabwe?
   • Yes, company registration is mandatory for businesses operating in Zimbabwe. It provides legal recognition and protection.
2. What are the benefits of limited liability for shareholders?
   • Limited liability shields shareholders’ personal assets from business-related liabilities, reducing financial risks.
3. Can registered companies access government contracts in Zimbabwe?
   • Yes, registered companies have the opportunity to participate in government tenders, contracts, and procurement processes.
4. What documents are required for company registration?
   • Documents such as the Memorandum  and Articles of Association are typically required for company registration.
5. What tax obligations do registered companies have?
   • Registered companies must fulfill their tax obligations, including income tax, value-added tax (VAT), and payroll taxes, among others. Check more on the Zimbabwe Revenue Authority website. 

Conclusion

Company registration plays a pivotal role in the establishment and growth of businesses in Zimbabwe. By registering their companies, entrepreneurs gain legal recognition, protection, and limited liability. They also unlock numerous benefits, including access to funding, enhanced business opportunities, and credibility in the market. Adhering to the regulations ensures compliance and sets the foundation for long-term success. Embracing the process of company registration is a strategic move that empowers entrepreneurs to thrive in the vibrant business landscape of Zimbabwe.

Introduction

Welcome to our comprehensive guide on small and medium-sized enterprises SMEs in Zimbabwe. In this article, we will explore the thriving SME sector in the country and discuss strategies to help your business outperform competitors and achieve top rankings on Google. By leveraging the unique opportunities available in Zimbabwe’s vibrant economy, you can propel your SME to new heights of success.

Understanding the SME Landscape in Zimbabwe

Zimbabwe, located in southern Africa, has a diverse and dynamic business environment, offering numerous opportunities for SMEs to flourish. The country has experienced significant economic growth in recent years, attracting both domestic and international investors. The entrepreneurial spirit is alive and thriving, with SMEs playing a vital role in driving innovation, creating employment, and contributing to the overall economic development of the nation. As on 2 June 2023, SMEs have contributed USD $8.2bn to GDP.

SMEs in Zimbabwe

The Benefits of Operating  SMEs in Zimbabwe

1. Accessible Market

Zimbabwe boasts a sizable market with a population that is increasingly embracing the digital era. This presents SMEs with ample opportunities to reach and engage with potential customers. By implementing effective digital marketing strategies, such as search engine optimization (SEO) and targeted advertising, your SME can capture the attention of your target audience and drive organic traffic to your website.

2. Favorable Government Policies

The Zimbabwean government recognizes the importance of SMEs in stimulating economic growth and has implemented various policies to support their development. These policies include tax incentives, access to finance, and simplified business registration processes. By taking advantage of these initiatives, SMEs can reduce costs and streamline their operations, paving the way for long-term success.

3. Abundant Natural Resources

Zimbabwe is blessed with abundant natural resources, including minerals, agriculture, and tourism. These sectors provide ample opportunities for SMEs to thrive and contribute to the country’s economic diversification. By leveraging these resources and adopting sustainable practices, your SME can carve a niche for itself in the market and attract environmentally-conscious customers.

We help you register your SME in Zimbabwe, get in touch with us: +263716196475 | +263777069078. 

Register a company online today.

Strategies for Outranking SME Websites in Zimbabwe

Now that we have a solid understanding of the SME landscape in Zimbabwe, let’s delve into some actionable strategies that can help your website outrank other SMEs in the country:

1. Keyword Research and Optimization

Conduct thorough keyword research to identify the most relevant and high-volume keywords for your business niche. Incorporate these keywords strategically into your website’s content, meta tags, headings, and image alt text. By optimizing your website for targeted keywords, you can improve its visibility on search engine results pages (SERPs) and attract a steady stream of organic traffic.

2. High-Quality and Engaging Content

Craft compelling and informative content that resonates with your target audience. Focus on addressing their pain points, providing solutions, and delivering value. By consistently publishing high-quality blog articles, tutorials, case studies, and industry insights, you can position your SME as a thought leader in the market. Engaging content will not only attract visitors but also encourage them to stay on your website for longer, increasing the chances of conversion.

3. Mobile-Friendly Design

Given the increasing use of mobile devices for internet browsing, it is crucial to ensure that your website is mobile-friendly. Optimize your website’s design and layout to provide a seamless user experience across all devices. A responsive website that loads quickly and offers intuitive navigation will not only enhance user satisfaction but also improve your search engine rankings.

4. Backlink Building

Develop a robust backlink profile by acquiring high-quality and relevant backlinks from reputable websites. Collaborate with industry influencers, participate in guest blogging, and engage with your target audience through social media. Backlinks act as a vote of confidence for search engines, signaling the credibility and authority of your website. By earning authoritative backlinks, you can significantly enhance your website’s ranking potential.

5. Local SEO Optimization

For SMEs operating in Zimbabwe, optimizing for local search is crucial. Ensure that your website is listed on online directories, such as Google My Business, Bing Places, and local industry-specific directories. Consistency in your business information (name, address, and phone number) across all platforms will help search engines associate your SME with the local area, improving your visibility for location-based searches.

Conclusion

Congratulations! You now have a comprehensive understanding of SMEs in Zimbabwe and how to outrank other websites in the country’s competitive market. By implementing effective SEO strategies, producing valuable content, and leveraging the unique opportunities available in Zimbabwe, you can propel your SME to the top of Google’s search results and attract a steady stream of organic traffic. Hire a Digital Marketing Consultant in Zimbabwe that can help you with upscaling your digital marketing.

Remember, success in SEO requires consistent effort and continuous adaptation to changing trends. Stay updated with the latest SEO practices and refine your strategies accordingly. With determination, creativity, and a focus on delivering value to your audience, your SME can thrive and achieve long-term success in Zimbabwe’s vibrant business landscape.

How to start an ECD or Creche in Zimbabwe

Here is step by step guide in starting an ECD /Creche day – care center in Zimbabwe. 

If you like taking care of the young ones, you can make extra dollars by making use of your empty space at home by starting an ECD /Creche day – care center in Zimbabwe. A you expand, you can consider rented premises. When parents choose a daycare for their children, they look for a place that will enrich and keep their children safe during the day. While your daycare may have those qualities, without the right advertising and marketing, it will go overlooked.

ECD or Creche Students

You might try a few new strategies to catch the attention of parents and attract new clients to your daycare.

Register your ECD.

Check the registration requirements here…
It is mandatory to register an ECD .There are some requirements needed to register an ECD .These include but not limited to
1.Permission from Local authority to establish an ECD centre
2.Health certificate
3.Memorandum of understanding
4.Proposed names of the ECD centre
5.Physical address of the ECD centre
6.Area to be served by the ECD centre
7.Number of pupils to be enrolled on opening of age and ranges note : one teacher to 20 pupils
8. Name and qualification of teachers to employed
9.Medical certificates plus x-ray is a mandatory since you will be dealing with kids and health status of staff needs to be known
10.Floor plan and house plan
11.Title deeds or lease of agreement
12.Indoor play space area 1:2,25 square meters per child .Age appropriate furniture
13. Outdoor play space 1:5,5 square meters per child
14. Toilets closets 1:2
15.Wash basins

From the data we have gathered, the average startup cost for a daycare centre in Zimbabwe is $1000 to $2500.This can vary widely depending on whether you are opening a home-based daycare center or leasing a separate facility for your care centre .If don’t have $10000+in  bank  account  ,they don’t worry.

Ten tips to start an ECD or Creche in Zimbabwe and be successful :

What is Company Registration in Zimbabwe?

Benefits of registering your own company

1. Limited liability
2. Legitimacy and brand awareness
3. Easier to raise capital
4. Supplier arrangements
5. Low Tax Liability
6. Business continuity

Our Company Registration in Zimbabwe service

Types of companies

Private Limited Company (PLC)

Private Business Corporation

Requirements for company registration in Zimbabwe

1. Company name – should not be similar to an  already registered company, or which is so similar to any such name as to be likely to deceive, is likely to mislead the public, is blasphemous or indecent or likely to cause offence to any person or class of persons, suggests patronage of the Government or some other authority or organisation unless the consent thereof has been obtained, is undesirable for any other reason.
2. Director’s information – Name(s) and surname as shown on government issued identity documents, national identity number/passport number, official address and former names. This information is shown on the CR 6.
3. Shareholders information – name(s) and surname as shown on government issued identity documents and official address. This information is shown on the Memorandum and Articles of Association.
4. Company objectives: These are the commercial activities the company is going to run the business. A company can have as many company objectives as they require. Sample objective can be farming, mining et..c.

Procedure for company registration in Zimbabwe

1.Name Search and reservation

Documents you receive after registering a company in Zimbabwe.

• Certificate of incorporation – a legal document issued by the Registrar of Companies showing that your company has been approved
• CR 28

• Certificate of incorporation
• CR 5 (Former CR 6) – List of company addresses
• CR 6 (Former CR 14) – List of company directors
• Memorandum of Association –  a legal statement signed by all initial shareholders or agreeing to form the company. It also shows the businesses objectives.
• Articles of association – written rules about running the company agreed by shareholdeor guarantors, directors and the company secretary

Company registration prices in Zimbabwe

• Private limited company for $150
• Private business corporation for $120
• PRAZ for $120
• Change of directors from $70
• Tax clearance for $80
• Name search for $10

Tax clearance

Trade name registration

Our bank account opening service

• Zimbabwe Revenue Authority (ZIMRA)
• Local (City) Councils
• National Social Security Authority (NSSA)
• National Employment Council (NEC)

Set up for success

Talk to us

VAT REGISTRATION REQUIREMENTS

1. Must be registered with ZIMRA having a BP Number. Get your BP number from us. Click here: 

2. Payments for all tax heads must be up to date.

3. Fully completed REV I FORM (download from www.zimra.co.zw).

4. Sales Schedule from the time of commencement of trade to date.

5. Sales invoices from the time of commencement of trade to date showing customer’s name and telephone numbers OR confirmed and signed contracts.

6. Sales projections schedule for the next 12 months.

7. Current stamped bank statement.

8. Letter appointing public officer.

9 Valid lease agreement in the company name (if the property rented) or title deed if owned)