How to Register a Company in Zimbabwe in 2026 – Step-by-Step Guide

Register a company in Zimbabwe and get a document like this

Are you planning to register a business in Zimbabwe this year? Understanding how to register a company in Zimbabwe in 2026 is a crucial first step toward operating legally and unlocking key opportunities such as government tenders, grants from different venture capitalists and more.

In this guide, we will walk you through the full process of company registration, tax compliance, opening a bank account, and all necessary government requirements to fully set up your business in Zimbabwe.

Register a Company in Zimbabwe

The first step in your journey is to register your company with the Registrar of Companies.

Here are the requirements and steps to formally register your company with the respective arms of the government in Zimbabwe:

Requirements to register a company in Zimbabwe:

1. Five proposed Company names in order of priority.

2. Company objective: eg mining or construction.

3. ID cards for Company Directors / Shareholders / Secretaries

4. Physical Addresses for the Directors / Shareholders / Secretaries                

5. DOB for each Director / Shareholder/ Secretary.                                  

6. Company physical address

7. Company email address.

NB: if you don’t have Company physical or email addresses,  we can use your personal addresses.

Cost USD $150

Duration: 3-7 working days

You can submit the above requirements via an online  form by clicking on: https://companyregzim.co.zw/register-now/?v=31645929703e

Company Registration & Updates , Tax Clearance Certificate & tax Filings , Vendor Number, and PRAZ Registration .  Call or WhatsApp Us on: +263777069078 | +263716196475 | info@companyregzim.co.zw 

Note: For company registration, the costs you will incur are yearly updating of annual returns. By annual returns, we mean that you must notify the Registrar of Companies about the company’s current contact details and the shareholding structure. Annual returns are paid from the company’s first anniversary. We charge USD $30 to submit your annual returns.

 

What to do next after you register a company in Zimbabwe?

If you register a company in Zimbabwe, the next step should be to register for tax with the Zimbabwe Revenue Authority. This must be done in less than 30days before the date of Incorporation of the company.

The requirements for obtaining a tax clearance in Zimbabwe:

1.Copies of company registration papers.

2.Copies of directors’ IDs.

3.Physical address for the directors

4.Directors’ email addresses and phone numbers.

5.The name of the bank that you would like to open an account with.

Cost : USD 80 if done via this website.

Note: For Tax clearance, the costs you incur are on a quarterly basis that is submitting Quarterly payments to Zimra. ZIMRA QPDs refer to Zimbabwe Revenue Authority Quarterly Payment Dates. These are specific dates by which provisional taxpayers in Zimbabwe are required to pay their estimated income tax for the current tax year in four installments. Up next, we tackle the most important arm in a business – the banking side/business bank account opening.

Company Registration & Updates , Tax Clearance Certificate & tax Filings , Vendor Number, and PRAZ Registration .  Call or WhatsApp Us on: +263777069078 | +263716196475 | info@companyregzim.co.zw 

Business Bank Account Opening in Zimbabwe

After you have a Tax Clearance document, you must open a corporate business bank account:

Corporate bank account opening requirements

The general requirements for opening a corporate account are mainly:

-Company registration documents [Certificate of Incorporation and Company Summary]

-Tax Clearance certificate

-ID cards of directors

-Proof of residence for the directors

-Company letters confirming shareholding structure + resolution to open a bank account.

-passport size photos for the directors

Note: the bank account opening requirements differ from bank to bank. You must contact the respective bank for assistance with bank account opening requirements.

For further reading: 

How to open a corporate bank account with NMB Bank:  https://companyregzim.co.zw/how-to-open-a-corporate-bank-account-with-nmb-bank/

Opening a company bank account with FBC bank: https://companyregzim.co.zw/how-to-open-a-company-bank-account-with-fbc-bank/ 

Corporate account opening with First Capital bank: https://companyregzim.co.zw/how-to-open-a-company-bank-account-with-first-capital-bank/ 

Requirements to open a corporate bank account with Ecobank in Zimbabwe: https://companyregzim.co.zw/requirements-to-open-a-corporate-bank-account-with-ecobank-in-zimbabwe/

NSSA Registration in Zimbabwe

A NSSA certificate is an official document issued by the National Social Security Authority (NSSA) to employers who have registered their business and employees with the relevant NSSA schemes. Once you register a company in Zimbabwe and starts operating, you are obliged to register your business and employees with NSSA.

Here are the requirements for having a NSSA compliance certificate:

– Certified copies of all company documents

– Copies [certified] of directors’ and employees’ ID cards

– Phone number, physical and email addresses of each director

– Phone number, physical and email addresses of each employee

– Salaries for the respective workers.

-Bank Statement for the company

Cost for NSSA registration: USD 50 if done via us.

Duration 2 working days

Note: After registering with NSSA, the costs you incur are monthly contributions which will be 9% of your company’s total wage bill. Our consultancy fee will be $20 per month for uploading the NSSA monthly returns.

Company Registration & Updates , Tax Clearance Certificate & tax Filings , Vendor Number, and PRAZ Registration .  Call or WhatsApp Us on: +263777069078 | +263716196475 | info@companyregzim.co.zw 

Why must one (as an employer) have a NSSA certificate?

Having a NSSA certificate is mandatory for all employers in Zimbabwe for several key reasons:

  • Legal Compliance: Registration with NSSA and possessing a valid certificate is a legal requirement in Zimbabwe, as stipulated by the National Social Security Authority Act [Chapter 17:04] and related statutory instruments. Failure to register and contribute is a contravention of the law and can result in penalties, fines, and legal consequences for the employer.
  • Social Security for Employees: Registration ensures that employees are covered under the social security schemes, providing them with crucial benefits such as:
    • Pension benefits upon retirement.
    • Invalidity benefits if they become permanently disabled.
    • Survivor’s benefits for their dependents in case of death.
    • Compensation and medical assistance for work-related injuries or illnesses.
    • Funeral grants upon the death of a contributing member or their spouse.
  • Employee Welfare and Morale: By complying with NSSA regulations, employers demonstrate their commitment to the welfare of their employees. This can boost employee morale, productivity, and loyalty.
  • Business Operations and Tenders: In many instances, particularly when dealing with government contracts or larger organizations, a valid NSSA certificate is a prerequisite for participating in tenders and receiving payments. It serves as proof of compliance with Zimbabwean labor laws and social security obligations.
  • Protection for the Business: The Workers’ Compensation Insurance Fund (under APWCS) protects employers from potential lawsuits and financial burdens arising from work-related injuries or deaths of their employees. By contributing, the employer fulfills their responsibility, and NSSA provides the necessary compensation.
  • Safer Workplaces: NSSA also plays a role in promoting occupational safety and health through inspections and awareness programs, contributing to a safer working environment, which ultimately benefits both employees and employers.

PRAZ Registration

A PRAZ certificate in Zimbabwe is an official document issued by the Procurement Regulatory Authority of Zimbabwe (PRAZ). This certificate signifies that a business or individual has been registered with PRAZ. It therefore allows that company to participate in public tenders and supply goods, works, or services to the government and any entities controlled by the government in Zimbabwe. So if you register a company in Zimbabwe and want to bid for tenders, PRAZ registration is a must.

The requirements to get a PRAZ certificate are:

-Certified copies of all company documents + a company profile.

-Company email address and phone number.

-ID cards of all the directors

-Cost USD 150 per year per category.

-Duration: 24hours

Note: The costs associated with PRAZ registration are yearly renewal costs of  USD 150 per year per category. Let’s move on to the next critical document if you wish to work with the government of Zimbabwe and a registered company.

Vendor Number registration

In Zimbabwe, a vendor number is a unique identification number issued by the Ministry of Finance and Economic Development. It is issued to businesses that wish to supply goods and services to the government, its ministries, parastatals, and other government-affiliated entities.

Here are the typical requirements for vendor number registration in Zimbabwe.

Vendor number registration requirements:

– Formal Application Letter

– Name of the company’s bank, branch, and account number

-Certified Copies of Company Documents

– Identification Documents for Directors:

–Certified copies of National Identity Cards, Passports, or Driver’s Licenses for at least two of the directors listed on the current Form CR14.

-Bank Statement:

-Proof of Residence for Directors

-A valid Tax Clearance Certificate

7. Original Documents for Verification:

Cost: We charge USD 300 per year for a vendor number

 Want to register a company in Zimbabwe?

Now that we have highlighted the key requirements for registering a company in Zimbabwe, are you ready to register a company in Zimbabwe? There are vast business opportunities in Zimbabwe. Bear in mind however that there are 13 key sectors that are reserved for locals only.

How to apply and win tenders in Zimbabwe this 2026

01


INTRODUCTION

How to apply and win tenders in Zimbabwe this 2024

Here is a step to step guide on how to apply and win tenders in Zimbabwe this 2024. This is what they will not teach you in college or any school of business. To apply and win tenders, just make sure: you have a registered company, a valid Tax Clearance Certificate, PRAZ certificate, NSSA certificate, a vendor number, a detailed company profile, signed recommendation letters and follow the few other tricks that we’ll layout in this guide. Applying and winning tenders is as easy as copy and paste.

What is a tender?

In the first place, you may wanna know what a tender is? In simple terms, a tender is a formal request by a certain company to get a specific supplier to carry out a specific task or deliver certain goods , at a stated place and within a specific time frame. Please take the word specific time frame religiously! Most companies do not win tenders simply because they do not state their delivery period. Go through this document so you can learn how to apply and win tenders in Zimbabwe.

How much can I get from a tender?

By no doubt, a tender means big money! Whilst there is no specific amount of how much you can earn from winning a tender, be guided accordingly by these minimum thresholds:

(i) Goods- USD 10 000 or equivalent at bank rate.

(ii) Services – USD 5 000 or equivalent at bank rate.

(iii) Works (such as renovations, construction) USD 20 000 or equivalent at bank rate.

This is in accordance with the Procurement Regulatory Authority of Zimbabwe (PRAZ). The amount you can get if you apply and win a tender differs. Some tenders may give you upto USD 100m. At some point, you can win a tender for supplying say stationery or toiletries for the whole year. Imagine supplying toiletries to Zimbabwe Electrical Supply Authority (ZESA) or supplying stationery to NetOne. Winning a tender means big money!

Where to get tenders?

Approximately, hundreds and hundreds of tenders are being flighted on the local press. Most of them are flighted in the Sunday Mail, Thursday Herald or Financial Gazette. Those willing to apply for government tenders, you can check the Government Gazette as well. Due to technological advancements, you can also get tenders from corporate websites, other tender-listing websites like: www.tendernoticeboard.co.zw or https://tendertube.co.zw/ etc. To check tenders on a company website, just type the name of the company + tenders. Example: Zinara Tenders or POSB tenders. Other companies are just putting a very short advert in the press and share a link to their website for full details.

POSB Tenders

02


STEPS TO WIN A TENDER

What are the steps in applying for a Tender?

To apply and win tenders, you have to:

(i) thoroughly read the tender and see if it’s applicable to your line of speciality. Some tenders maybe marked as domestic tenders and that means the tender is open to the residents of that specific region only. For example, Buhera Rural District council can flight a domestic tender that is limited to Manicaland Province companies only.

(ii) check if the tender is still valid and whether you can or cannot meet the delivery period. If you come across a tender with a tight deadline that you cannot meet, you better leave it. We however advise you to try all the possible means to increase your workforce, capital or any other economic resource in the short run so you can deliver.

03


INTRODUCTION

Documents required to apply and win tenders.

Here is a list of the documents that will be required when applying for a tender in 2024. Note that this list shares the common documents that are requested. At some point in time, there may be extra documents required or some documents we have listed below may not be required.

1. Company registration documents

These documents are a prerequisite when applying for a tender. They include Certificate of Incorporation, CR 5, CR 6, Memorandum and Articles of Association. Companies that were registered before February 2020 may show CR 6 and CR 14 instead of CR 5 and CR 6 respectively. Of you do not have Company Registration documents, please get in touch with us :+263716196475 | +263777069078. Check more about why you must register a company here… We advise you to make sure that all shareholders and directors’ details are upto date. Should you need any changes to your company registration documents, please get in touch as well.

2.Tax Clearance Certificate

This is another prerequisite when applying for tenders. A tax clearance certificate shows that you are paying your taxes to the government. If you don’t have a Tax Clearance Certificate, it means you will lose 30% of your earnings as Withholding tax by the government. Example, you wanna sign a deal of 100 000 but you do not have a Tax Clearance Certificate, it means you’ll lose $30 000. In most instances, you’ll lose the deal entirely of you do not have a tax clearance certificate. If you do not have a tax clearance certificate, please get in touch with us so we can process one for you. Remember to check our document on how to obtain a Tax Clearance Certificate in Zimbabwe…

3.Business bank account

This is where your funds will be deposited once you win the tender. At no point in time will a tender be awarded to a company without a bank account. Check out how you can open a corporate bank account in Zimbabwe here. Make sure you type the correct account number and branch codes when applying for a tender. Mistakes are costly. Do things right at the first time.

4. PRAZ Registration.

The Procurement Regulatory Authority of Zimbabwe (PRAZ) is the arm of the government that governs how tenders are flighted, selection process etc. When applying for government tenders, PRAZ Registration is a prerequisite. Register for PRAZ here…

5. Vendor Number

If you want to apply and win tenders from the government, you are obliged to have a vendor number. You maybe wondering what a vendor number is? It’s a unique code, usually 5-digits that you’re assigned by the Ministry of Treasury. It’s use of for you to get paid by the Ministry of Finance whenever you have supplied something to the ministry. We covered the vendor number application process on this blog.

6. Detailed company profile.

A detailed company profile helps you stand out from the crowd! Make sure you keep your Company profile updated to reflect the requirements of the specific tender.There is no one size fits all in business. What must be included in the company profile: Company name, physical address, phone numbers, email address, list if products and services on offer, key projects you have done, details of key personnel and their qualifications, payment details (bank account, branch code etc). Make sure you document whatever is necessary as per tender requirements. The art of winning tenders is by following instructions like you’re carrying arm orders. In case your company profile is not updated, get in touch with City Cloud Private Limited. They’re the best web and graphic designing agency we have dealt with so far.

7. Trade references.

From our experience, to apply and win tenders, you must have trade references that are signed and stamped. Trade references serve the purpose of making sure you have supplied the same items before. They help you become more authentic and increase your chances of winning the tender. Make sure the contacts on your trade references are reachable.

8.NSSA Certificate:

A NSSA Clearance Certificate is a certificate issued by the National Social Security Authority [NSSA] to registered employers liable for NSSA contributions, under any of the Acts administered by the National Social Security Authority. The certificate is issued upon request from employers whose contribution accounts are up-to-date or has made alternative debt settlement arrangement with NSSA.

 What are the benefits of NSSA Clearance Certificate?

NSSA Clearance Certificate is required when bidding for tenders.

It acts as an assurance that, the trading partner’s employees are adequately covered by social security schemes as enshrined under Section 12 of the Accident Prevention & Workers’ Compensation Scheme SI 68 of 1990.

A NSSA Clearance Certificate is a pre-requisite when applying for licences issued by local authorities.

Business counterparts have confidence in doing business with companies who are compliant to statutory obligations

What is required to obtain a NSSA Clearance Certificate?

The Employer’s account must be up-to-date in terms of contributions & premiums.

Employers with outstanding legacy debt, must make alternative debt settlement arrangement, approved by NSSA.

The Employer must furnish all statutory returns particularly P4 return or make satisfactory arrangements with NSSA for the furnishing of such returns.

Contact our team if you need assistance with NSSA Certificate: +263716196475 | +263777069078

9.Bid Security

It is also known as a bid bond. This is a refundable fee that you pay as a security. This is done to avoid suppliers who win tenders and fail to deliver.The bid security shall be payable through the below options:

First Option…………. A certified bank cheque; or

Second Option………A bank guarantee from a commercial bank;

Third Option…………A cash deposit to the Procurement Regulatory Authority of Zimbabwe (PRAZ) – If the third option is chosen, bidders must also submit proof of payment of non-refundable Bid Bond Establishment fees in terms of the section 90 part IV of the S. I 5 of 2018. The amount payable to PRAZ as non- refundable cash bid bond establishment differs. Any bid not accompanied by a Bid Security where this is a requirement of bidding, will be rejected by

the Procuring Entity as non-responsive.

10.Declaration of corrupt practises.

Most companies now require you to declare that you have not been involved in any corrupt activities and you’ll not even do so. A sample of a declaration of corrupt activities takes this form:

We at [your company name] do hereby declare that we do not egage in any corrupt activities.

Signed: [Company secretary or any other signatory]

Please note that most companies take the declaration of corrupt activities seriously and failure to declare that you’re corrupt means automatic disqualification. Make it a habit to include this even if it’s not mandatory.

The Government of Zimbabwe requires that Procuring Entities, as well as Bidders and Contractors,

observe the highest standard of ethics during the procurement and execution of contracts. In pursuit

of this policy: the Procuring Entity will reject a recommendation for award if it determines that the Bidder

recommended for award has, directly or through an agent, engaged in corrupt, fraudulent,

collusive or coercive practices in competing for the Contract or been declared ineligible to be

awarded a procurement contract under section 99 of the Act;the Authority may under section 72 (6) of the Act impose the sanctions under section 74 (1) of the Regulations; and any conflict of interest on the part of the Bidder must be declared.

Tender application checklist

Inorder to apply and win tenders, have a checklist so you will not ommit important items. Here is a checklist you can ammend to fit yours:

  1. Company Registration documents.
  2. Tax Clearance Certificate.
  3. PRAZ Registration
  4. NSSA Registration
  5. Vendor Number
  6. Check if you have FULLY signed the Bid Submission Sheet.
  7. Check if you have attached Proof of Payment for a Bid Security Fee.
  8. State bid validity and delivery period.
  9. Recommendation Letters.
  10. Any proof of being a member of a certain professional body.
  11. Detailed Company Profile.
  12. Declaration of corrupt practises.
  13. Business bank account.

Tenders are an opportunity for your company to showcase itself and to demonstrate that you have what it takes to be considered as a potential supplier. It is not easy to win a tender. However, with proper preparation, you can increase your chances of winning.

One of the main reasons why companies lose tenders is that they do not always meet the requirements set out by the client. To make sure that you get shortlisted for the next round, it is important that you understand what the client is looking for. This will help you to complete your proposal in a way that addresses the client’s needs and demonstrates how your company can meet their requirements.

This guide has given you all the steps of writing a successful tender application in 2024 and give you practical tips on how to write a winning proposal.We wish you all the best in your business.

Our contact details: +263716196475 |+263777069078 | info@companyregzim.co.zw

What is Tarms and how to register it?

Tax Issues

What is Tarms and how to register it?

Imagine paying your taxes through a convenient and secure online platform. That’s exactly what ZIMRA’s new system, TaRMS (Tax and Revenue Management System), offers. It’s a game-changer designed to make tax payments hassle-free for everyone.

JAN 7, 2024

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What is Tarms all about?

The Zimbabwe Revenue Authority (Zimra) recently launched a new online tax system called TaRMS on January 1, 2024. The old tax systems were shut down from in November 2023. All new Tax Clearance certificates were to be applied for through the new system. The term TaRMS means Tax and Revenue Management System. This means it’s time to say goodbye to Business Partner Numbers and say Hello to Tax Payer Identification Number (TIN).

How to create an account on TARMS?

Creating an account on TaRMS is easy. Simply click https://mytaxselfservice.zimra.co.zw/auth/login and follow the onscreen instructions.

Tarms Portal

Once you have successfully registered on TaRMS, you can apply for your TIN certificate which looks like the one below.

How much is TIN registration on Tarms?

TIN registration is USD $40 if done via this website. Turn around time for TIN registration is 3days.

Requirements for TIN registration:

 1.Certified copies of company papers.

2.Certified copies of directors’ IDs.

3.Proof of residence for every director (attach affidavit if proof is not in director’s name).

4.Directors’ email addresses and phone numbers.

5.Current personal bank statement of one of the directors.

Some key takeaways about the TaRMS system.

This new system replaces the previous SAP TRM system and aims to simplify tax-related procedures for the convenience of taxpayers like yourself. With the implementation of TaRMS, ZIMRA has introduced several improvements and benefits:

 

Taxpayer Registration:

• Duplicate Business Partner Numbers and Tax Types registrations have been eliminated.

• The system now offers online validation of Company Registration Numbers (CRN), ID numbers, and bank account numbers through integration with the Registrar of Companies, Civil Registry, and Banks.

• Public officers/representatives, directors, and shareholders can now be registered in the system.

• Automatic registration of Taxpayer Identification Numbers (TIN) and Tax Types for most entities, with only a few cases requiring ZIMRA’s approval.

• Reduction of manual registration forms, allowing taxpayers to save partially completed registration applications or tax returns in draft form for later completion.

• Ability to update master data through the Self Service Portal (SSP) without the need for human intervention.

Tax Return Management:

• Introduction of a single TIN for both USD and ZWL, enabling taxpayers to submit one return per tax period and post liabilities in both currencies for convenience.

• Full automation of most returns and claim forms, except for Capital Gains Tax and VAT for Development Partners and Entities/Individuals with Diplomatic Immunity.

Payments Management:

• Elimination of unallocated payments in ZIMRA bank accounts and the creation of suspense accounts.

• Prevention of overpayments and duplicate payments by taxpayers, as payments are now based on the submitted return.

• Reduction of tax payment mis-postings, saving time and effort in correcting such issues.

• Ability to make a single payment to settle multiple tax obligations, providing cost-effectiveness and convenience.

• Elimination of exchange rate variations, as tax liabilities and payments are now recorded in both ZWL and USD.

• Automatic account maintenance for the taxpayer’s ledger.

Refunds Management:

• Automatic identification of refunds for processing.

• Automatic determination of any outstanding liabilities (returns and payments).

Debt Management:

• Automatic detection of unpaid liabilities.

• Aging of liabilities based on set parameters.

• Automatic account maintenance, with tax liabilities settled directly from the single account.

• Daily calculation of interest, penalties, and their display in the taxpayer’s ledger.

• Automatic reversal of interest charges and penalties for adjusted or amended tax types liabilities.

• Reminders for payments and returns sent according to escalation procedures (excluding taxpayers who are up to date with their obligations).

• Online application for installment plans, with automatic approval based on specific criteria.

• Automatic cancellation of installment plans in case of non-payment.

How to start an ECD or Creche in Zimbabwe

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

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 :

1.Keep your environment safe and clean-Keep all doors secure .Ideally , have a code available only to parents and staff .Change it regularly.Ensure windows are securely fastened.All stairwells should be gated .Staff and children should wash hands throughout the day..This is especially true before meal times and after diapering /restroom use.Disinfect toys daily.Schedule a time so this task  is not forgotten  .Have a clear routines incase of emergency.
2.Make consistent policies- Clearly outline your policies to protect your business and address parent concerns.Maintaining a regularly updated  parent handbook can make your childcare center stand out  from others.Before enrolling , have parents review and agree to the policies listed in your handbook.Your can also add  your own unique policies .Consider addressing policies about ;hours of operation daily schedule
-displine
-food and nutrition
-sick-child
-feeding
-curriculum {[ more on this later}
-safety/cleanilises
-sleeping
-pick -up{who can pick-up the child ? how do you verify identity
-parent communication
-fees and payment
-immunisation
-program closing
-emergencies
3 Invest in training of your staff – babies and toddlers needs consistent , predictable care.For this reason , parents prefer childcare centers with low turnover.Invest training and resources in your staff.Treat them as respected ,appreciated professionals by ;recognizing and rewarding success and hard work
-providing support amd extra help when its neede
-holding a staff appreciation day/ week
-including staff in your vision goals ,  policies
-building relationship goals
4 Develop a curriculum – parents want to know that their children aren’t watching tv or sitting around all day.Young children need active play , stimulation , and learning .Think about programming and your daily schedule .
5. Communicate – to maintain and continue boosting enrollment , communication is key.Parents want to know what their child is up to throughout the day.Some daycare centers even have apps that allow them to share  information about meals, naps , and activities in real time.
Ten tips to manage a creche
1. Have clear policies and follow them-running successful daycares starts with having a clear set of policies .These policies need to apply to both children and parents .
2. Don’t take your friends and family kids- family and friends may expect special treatment regarding your policies .Avid this situation entirely and keep your business professional
3.Always ask for parental feedback-the most successful day care have  myriad of reviews  available on google
4.Have a social media presence – when you are  trying to look up local business information , what is one of the most common places you stop? Get assistance with professional social media management from City Cloud. Check their services here
5.Add value with unique services- look around at your fellow daycare providers to see what they offer .Various daycare centers may have their unique  take on the field.
6. Having a properly trained staff who believes in your vision-child care  businesses may be encouraged to save money by hiring staff that lack experience. However you run the gp of having an educational gap and safety exposures in this case.
7. Don’t forget to take a vacation-business owners who handle their own time typically forget that managing daycares can be an exhausting experience.
8.Simply the business side of things-many times  the business side of daycare can prevent owners from properly focusing.
9.Try to be flexible (within reason)-your parents will appreciate flexibility in their day cares , as some situations may prevent them from arriving on time.
10.Change upfront-while we hate to see it , there is always a chance for flaky parents  who won’t pay you.If they can get a month of free day care out of you straightforward for them to vanish

What’s stopping you from fulfilling your dreams and aspirations? Imagine being your own boss, being able to play an integral role in the development of your beloved country, empowering families and communities through your hard work. The decision is up to you. You have the power to make it happen. Contact us today and we’ll help you register your ECD or Creche business today!

Company Registration in Zimbabwe

What is Company Registration in Zimbabwe?

Company registration in Zimbabwe is the process of incorporating (registering) a business in Zimbabwe either as a Private Limited Company (PLC), Private Business Corporation (PLC) or any other business entity as stated in the Companies and Other Business Entities Act (Chapter 24:31). When a company is incorporated, the business becomes a separate legal entity; separate from its owners. The business becomes an individual ‘person’ in the eyes of the law. Essentially, this means that the company is completely separate from its owners in terms of finances, liabilities, contractual agreements, and ownership of property and assets.

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

They are quite a number of companies but the two most popular companies you can register in Zimbabwe are a Private Limited Company and a Private Business Corporation.

Private Limited Company (PLC)

A Private Limited Company is the most common company structure in Zimbabwe.Private limited company is a type of organisation you can set up to run your business.Company ownership is split into shares owned by shareholders.A company must pay corporation tax out of any profits and can then distribute the remaining profits among shareholders.
Private Limited Company requires at least 2 directors and a maximum of 50 directors and also limits the number of shareholders to 50.

Private Business Corporation

A Private Business Corporation is an alternative company structure to a private   limited company that is registered with the Companies registrar of companies in Zimbabwe- through the process of incorporation.

Requirements for company registration in Zimbabwe

There are 4 requirements when registering a company 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

There are five important steps to the initial company registration procedure in Zimbabwe which include:

1.Name Search and reservation

With us,  you have to give us 5 proposed name and the one which is approved will be the name of the company. This can be done within 24 working hours with the approved name being reserved for up to 3 weeks from the application date. You can however further reserve the company name if it has expired.
2.Appointment of company directors
This is done through the CR 6 form  and is usually prepared by your consultant. A director should be above the legal age of 16 years, and at least one being ordinarily a resident of Zimbabwe. The individual must also not have been previously disqualified from acting as a director or bankrupt.
3.Appointment of company secretary(s)
This is also done through the CR 6 form .A company secretary should be above the legal age of 16 years, and ordinarily a resident of Zimbabwe. The individual must also not have been previously disqualified from acting as a company secretary.
4.Registering of company addresses
This is done through the CR 6 . The addresses should be a physical address which should be a Zimbabwean address, postal address and email address.
5.Company incorporation
The official company registration documents are submitted at the Companies Registry for incorporation. This is done only through a registered consultant, registered with the Deeds, Companies and Intellectual Property by (DCIP). After successful submission of the registration documents at the Companies Registry, the company is incorporated.

Documents you receive after registering a company in Zimbabwe.

The company documents you will receive will differ with the type of company you choose.
For a Private Business Corporation you will receive the following documents:
  • Certificate of incorporation – a legal document issued by the Registrar of Companies showing that your company has been approved
  • CR 28
For a Private Business Corporation you will receive the following documents:
  • 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

Our company registration prices .
  • 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

The law requires that a company registers with the Zimbabwe Revenue Authority (ZIMRA) within 30 days of starting to trade. Once you register, you will be issued a tax clearance.

Trade name registration

After registering your company, you may wish not trade with your official company name for different reasons. You can use an assumed name popularly known as a trade name. However, since the introduction of the Companies and Other Business Entities Act (Chapter 24:32) all trade should also be registered.

Our bank account opening service

Key authorities and legislation to be aware of:
The main corporate legislation in Zimbabwe is contained in the Companies and Other Business Entities Act (Chapter 24:31). The company should also be aware of the following local authorities when doing business in Zimbabwe.

Set up for success

Zimbabwe might be facing economic challenges but take note that Zimbabwe is one of the easiest countries to start up a business. Better still, it helps to work with a trusted partner that has in-depth knowledge of Zimbabwe’s regulations to help smooth flow of your company registration process whilst you focus on your business.

Talk to us

Company registration in Zimbabwe  can help you navigate all corporate secretarial hurdles. Whether you are registering a company in Zimbabwe or something else, Company Registration in Zimbabwe has a team of gurus with extensive local knowledge covering business establishment, corporate secretarial, tax compliance, advisory and other regulatory requirements.
How can we help you?
To discuss how Company Registration in Zimbabwe can help you with registering your company, call, WhatsApp, text or complete our contact form  and one of our experts will contact you.
Call
Mob: +263716196475
Mob: +263777069078

Requirements to open a corporate bank account with Ecobank in Zimbabwe

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

How to register for VAT in Zimbabwe

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)

 

ZIMRA Tax Clearance renewal for 2025

ZIMRA Tax Clearance renewal for 2022

The Zimbabwe Revenue Authority (ZIMRA), has issued a statement on the renewal of Tax Clearance Certificates for 2022.

The Zimbabwe Revenue Authority (ZIMRA) has issued a statement with regards to Tax Clearance Renewal for 2022. It has announced that Tax Clearance (ITF 263) Certificates for 2022 will be auto-generated to compliant customers.

Here is the full statement by Zimra

PUBLIC NOTICE

ISSUANCE OF TAX CLEARANCE CERTIFICATES (ITF 263) FOR THE YEAR 2022

The Zimbabwe Revenue Authority (ZIMRA) would like to inform all its valued clients that year 2022 ITF 263s will be auto-generated by the ZIMRA system to compliant clients only and thereafter, sent through email addresses that are captured in the ZIMRA database. From henceforth, compliant clients are no longer required to apply for a tax clearance. Clients are therefore, implored to ensure that they

have complied with the following in order to access their ITF263 for year 2022:

Updated Tax Affairs – All registered Clients should be up to date with:

i) submission of their tax returns,

ii) tax payments.

iii) all debts should be cleared, where debts are outstanding, payment terms should be arranged with ZIMRA officials, way before 31 December 2021.

Master data – Clients should ensure that their master data information is correct and up to date. Master data includes the following:

i) Physical Address,

ii) Email Address,

iii) Telephone Number,

iv) Bank Accounts and

v) Industry Classification.

Where email addresses being used are not the ones that are in the database, kindly fill in Rev 2 form obtainable from the ZIMRA website.

Fiscalisation and interface – Clients registered for Value Added Tax (VAT),

should ensure that they are fully interfaced for multi-currency with their invoice/ receipts showing currency of transaction.

Please note that the devices should be configured to show:

 Transactions done in local currency ZW$

 Transactions done in foreign currency like the US$

Kindly note that 2022 tax clearances will be generated to compliant Clients from 08 November 2021. Tax clearances for LCO an MCO clients will expire on 31st December 2022 while the rest of the regions will expire 12 months from date of issue. This will

result in some tax clearances expiring in 2023.

For any ITF263 related enquiries, clients are advised to continue using the following

email addresses:

1) Large Client Office (LCO) –itf263queriesdesklco@zimra.co.zw

2) Medium Clients Office (MCO) – itf263queriesdeskmco@zimra.co.zw

3) Small Clients Office (SCO) – itf263queriesdesksco@zimra.co.zw

4) Region 2 – itf263queriesdeskregion2@zimra.co.zw

5) Region 3 – itf263queriesdeskregion3@zimra.co.zw

Submit Tax Returns online via ZIMRA e-services http://www.efiling.zimra.co.zw or

alternatively use email addresses as published on ZIMRA website.

All Tax Payments, use ZIMRA Bank Accounts on website

https://www.zimra.co.zw/profile/203

Need further assistance with Tax Clearance renewal for 2022? Check this recent blog post here

By Admin


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For all your Company registration, Tax Clearance, PRAZ registration and Vendor number, get in touch with Us…

Bank Advice Note – What is it and what are the requirements

Bank Advice Note for Elliot Minerals and Explorations

The bank advice note is the first step in getting a corporate bank account for the purposes of getting a ZIMRA Tax Clearance Certificate. The purpose of the bank advice note is to inform bankers of your company’s name, location, and directors.

The process of getting a bank advice note

1. Register your company

The first step in your new account is to register a company. We can take care of that for you.  Contact us here for assistance with company registration.  This way you will automatically be able to comply with local regulations and start the process.

 

Apply for a bank advice note

Apply for a bank advice note. According to Zimbabwean law, you need to have a tax clearance certificate to open a company bank account. Since it’s not possible to get tax clearance without a bank account, the tax authority, therefore, makes a special authorization to the bank that allows for new companies to be able to open a business account without tax clearance. This is what is called a bank advice note or simply a bank opening letter. The process requires your original company papers.

What to do after obtaining a bank advice note?

The next step is to visit your bank account with the bank opening letter or bank advice note and the bank account opening requirements below…

Bank account opening requirements

The requirements for opening a company bank account in Zimbabwe differ from bank to bank but these are the general requirements:

  • Memorandum and articles of association (applicable to Private Limited Companies only).
  • Certificate of incorporation (applicable to Private Limited Companies only).
  • CR14 (applicable to Private Limited Companies only).
  • CR6 (applicable to Private Limited Companies only).
  • Incorporation statement (only applicable to Private Business Corporations).
  • Directors’ ID’s and proof of residence in the form of a utility bill like water, phone or electricity bill.
  • Passport size photos.

We recommend using BancABC,  CBZ, Agribank or Nedbank if you’re in Zimbabwe.

Do an initial deposit

Once you have your bank account available, you need to pay the initial deposit in order to activate your account.

Conclusion

There are three main steps in order to set up a new bank account: registering your company, getting a bank advice note, and finally, opening the corporate bank account then a tax clearance certificate. It is important to note that bank accounts can be used for numerous purposes, including purchasing things online without having to pay cash or wait for wire transfers. The steps may seem very different depending on who you speak with or what bank you are with. But if you understand the process behind each one, you should be able to navigate them successfully no matter which bank you might be working with.

 

Need a bank advice note, order here: 

 

 

 

How to register a driving school in Zimbabwe

Driving School vehicle
  1. Register your company as a Private Limited Company

Register your driving school company as a Private Limited Company by following this link.

Register your driving school and maintain a good reputation from the onset. Don’t take an unnecessary risk by operating without a proper license or even using a motor vehicle that is road-worthy.

  1. Apply for an instructor’s ID and certificate with the Traffic Safety Council of Zimbabwe

  • You must pass a course that includes both the theory and practice of driving.
  • Upon passing this test, you become eligible to become an assistant instructor and must then work a 12 month period under the supervision of a qualified instructor.
  • After this period you may advance to becoming a qualified instructor:
  1. After passing the examination conducted by the Zimbabwe Traffic Safety Board relating to the teaching of subjects set out in the driver instruction and;
  2. After holding a valid driving license for five years.
  • The two years prior to the date of registration as an instructor should be clear of any traffic offenses. The certificate provided is valid only for two years, and during this period the instructor is subject to sporadic checks by staff at the Zimbabwe Traffic Safety Board to ensure that standards are being maintained.
  • A license can be revoked at any time should circumstances dictate the necessity for this.

 

Traffic Safety Council of Zimbabwe Requirements

  • Driver’s license.
  • Instructor’s ID and certificate.
  • Driving school premises should not be less than 14 square meters.
  • Each vehicle used for driving instruction should at least be fitted with an additional adjustable internal rearview mirror, an adjustable driver’s seat; and a handbrake which is positioned so as to be readily operated by the instructor.
  • The name of the driving school must also be clearly and prominently displayed on the vehicles.

4. Register with ZINARA

Register your driving school with  ZINARA  for insurance cover and a ZINARA road license disc.

5. Acquire a certificate of vehicle fitness from VID

Acquire a certificate of fitness for all your driving school vehicles, from Vehicle Inspection Department (VID). 

6. Register with ZIMRA

Register with ZIMRA taxes or find  tax consutant to assist.

7. Register with NEC

Register with the NEC for your industry or get a NEC CONSULTANT   to assist.

 

                 WHAT YOU NEED

DRIVING SCHOOL BUSINESS PREMISES

You require a small office space where students can come and register for lessons.

You are going to need furniture, desks, a computer and perhaps a simulator which you can use to test the students before they get to do their lessons on the road.

In Harare, driving schools usually rent offices that are on the peripherals of the Central Business District. This is so to reduce costs and also to get able parking space for the driving school vehicles.

DRIVING INSTRUCTORS AND LICENCES

Companies need driving instructors for their driving school business. All their driving instructors should have valid drivers’ licenses, defensive certificates and should have acquired an instructor’s certificate.
All your driving instructors should have enrolled for the Driving school instructor’s courses with the Traffic Safety Council of Zimbabwe.
This certificate shows that your driving instructor has successfully completed a recognized driving course and has the necessary knowledge, skills and attitudes to teach driving.

 

MOTOR VEHICLE REQUIREMENTS

For driving school owners, it’s important to have a fleet of vehicles. It is vital to the success of a driving school business.
The vehicle will also have to be fitted with two-way brakes. This is required for the vehicle to be driven by learners. Driving school vehicles are required by the law to display L plates. These plates show that a vehicle is being droved by a learner.
The vehicle also needs to have a speedometer, odometer rear-view mirror, a horn, brake lights, stop lights, horn, and windshield wipers.

 

INSURANCE FOR YOUR DRIVING SCHOOL BUSINESS

You do need business insurance for your driving school business, whether it’s for cars, vans, or other vehicles. The level of protection you need depends on the nature of the work you do. If you’re teaching learners or novices to drive, you probably don’t need the same level of cover as a professional driver.
As a driving school, your business has two main risks:
1. Your vehicles
2. Your customers

 

MAINTENANCE OF RECORDS

Record progresses made by students, maintain details on lessons, identification, address, hours they have drove and dates. These details will be required when the student goes for the road test.

TARGET MARKET

In Zimbabwe, there is a large market of people looking for driving jobs and even those with a hope to buy a car later in the future. Some college graduates are getting job opportunities that require a driver’s license. Know how to reach out to all the different age groups in order to tap in and have many students enrolling at your driving school.

MARKETING YOUR DRIVING SCHOOL BUSINESS

A driving school is just like any other business, and like any other business, it needs to market itself. Marketing doesn’t have to be expensive. Most driving schools just need to make sure they know what they’re doing.
The first thing you need to do to market your driving school is to make sure you know what you’re doing. You need to understand the market, the demographics, and the drivers.
You also need to make your brand as recognizable as possible. This might mean creating fliers, posters, and even creating a website.

Get a website developed by Zimbabwe’s leading website designers: City Cloud Pvt Ltd. 

You can create your own website by following this blog or watch this video:

The biggest part of marketing the business will come through referrals. Make you your service is superb in order to get recommendations from your students. People are different and you may face challenges as some students may be slow learners but it’s important that you stay calm and be patient with all your students..

CAPITAL FOR DRIVING SCHOOL BUSINESS

You need vehicles for your driving school business. The amount of capital you need to start your driving school business will depend on the size of your driving school, and the kind of vehicles you need. There are different classes of motor vehicles. You can offer lessons for all classes. However, if you are starting with little capital, you can concentrate on class 4 driving lessons only. You will require more capital for a class 2 driving school. This is because you will need to purchase lorries which are more expensive.

Buying cars for your driving school business online from Japan is a quick and convenient way to start your driving school business.
For a car used by the driving school, its condition should be good. For example, a car used for driving school should have no scratches and dents, no rust, and no mechanical problems.Beforward is a popular Japanese website where people buy cars from.

Beforward alternatives

You can buy your car for a Driving school from these Beforward alternatives:

  1. Autocj
  2. SBT Japan

PROFITABILITY AND COSTS

The main costs associated with running a driving school are fuel, marketing, rentals, salaries, car servicing, and maintenance. Driving lessons in Zimbabwe for class 4 cost $3-4 per lesson (30 minutes lessons). Getting many customers will ensure that your cars will not lie idle during the day. This is why it is important to have a robust marketing strategy. The driving instructors should be motivated to bring customers to the business. The salary paid to the instructors should be tied to the number of customers they bring to the business, by including a commission component in their remuneration package.

Ensure that you regularly service your vehicles so that they are always in road-worthy condition. Failure to service your cars is a disaster to your driving school business. Students don’t want to train driving in vehicles that are not in a good condition. You will be chasing customers away if you fail to service your vehicles. Also, the life span of your vehicles will be greatly reduced.

You should also offer oral lessons for your driving school. Many students struggle to pass the provisional license. The oral lessons will attract clients to your business, who can then start driving lessons after passing the provisional license test. The profitability of your driving school business will be directly related to the number of students you get.

WHY SHOULD YOU OPEN A DRIVING SCHOOL BUSINESS?

The initial capital costs are manageable and can be minimized. There is a ready market that does not deplete. The law requires a license and there is no shortcut around that. The income stream is also steady especially if you market the business well and get a large clientele base. The business allows flexibility and it is not too demanding. The work pace maybe even more relaxed after the students know what is expected of them and how to drive. Even with a lot of driving schools registered, the market still is open for new instructors and you have a chance to make it in the driving school business.

 

FINAL THOUGHTS

Should you think of starting a Driving school business, here are key things to consider:

    • Get a detailed business plan for your driving school. A business plan works as a yardstick on what you must achieve (specific goals, sales, and profits), it gives you a clear picture of who your competitors are, where they’re operating, what are their key strengths and weaknesses.
    • You can get a pre-written business plan by clicking this link
    • Invest in driving school vehicles and other assets like land or rent an office.
    • Your staff (drivers) make or break your driving school. Select them carefully.
    • Heavily invest in the marketing of your driving school ( social media, a website, google my business listing, billboard advertising and more)
    • Hire a Digital Marketing Expert on Fiverr.com

 Should you need registration of your company, contact us: +263716196475 | +263777069078