Welcome to our Company Registration Services page, the leading provider of company registration in Zimbabwe. We specialize in helping entrepreneurs register their businesses and operate them legally and efficiently. Whether you are a local or foreign entrepreneur, we are here to assist you in registering your company in Zimbabwe.
Our company registration services in Zimbabwe are designed to simplify the process of registering a business entity. We provide a range of services, including business name registration, private limited company registration, private business corporation registration, company secretary services, and virtual office services. With our extensive experience in company registration zim, we are confident that we can help you navigate the process smoothly and efficiently.
Our team of experienced consultants provides personalized assistance throughout the registration process. We understand that every business is unique, and we tailor our services to your specific needs. From choosing the appropriate business structure to filing the necessary documents with the Registrar of Companies, we are here to guide you every step of the way.
Our company registration in Zimbabwe services are affordable and transparent, with no hidden fees. We provide a detailed breakdown of all costs involved, so you know exactly what to expect. Our goal is to make the process of company registration zimbabwe as easy and stress-free as possible, so you can focus on growing your business.
Contact us today to learn more about our Company Registration Services in Zimbabwe, and let us help you start your business journey in Zimbabwe.
What Is Company Registration in Zimbabwe?
Company registration in Zimbabwe is a legal process that involves the creation of a new business entity that is recognized as a separate legal entity from its owners. The Companies and Other Business Entities Act governs the registration and operation of companies in Zimbabwe. The act provides for various types of business entities, including Private Limited Companies (PLCs), Private Business Corporations (PBCs), and other forms of business entities.
Registering or Incorporating a business in Zimbabwe as a Private Limited Company (PLC), Private Business Corporation (PLC), or any other business entity as defined by the Companies and Other Business Entities Act is known as company registration (Chapter 24:31). When a company is formed, it becomes an independent legal entity from its owners. In the viewpoint of the law, the business becomes an individual'person. This essentially implies that the company is fully distinct from its owners in terms of money, liabilities, contractual agreements, and ownership of property and assets.
When a company is registered in Zimbabwe, it is assigned a unique registration number and a Certificate of Incorporation, which is proof of its legal existence. This process involves the submission of certain documents, including the company's constitution, details of its directors and shareholders, and a statement of capital.
Once a company is registered, it is required to comply with various legal and regulatory requirements, such as filing annual returns, maintaining proper accounting records, and holding annual general meetings. Failure to comply with these requirements can result in penalties or even the deregistration of the company.
Private Limited Company
Private Limited Companies (PLCs) are a popular type of business entity in Zimbabwe, particularly among small and medium-sized businesses. A private limited company is owned by one or more individuals, referred to as shareholders, and is managed by a board of directors.
One of the main advantages of a private limited company is the limited liability protection it provides to its shareholders. As mentioned earlier, this means that the personal assets of the shareholders are protected from the company's debts or liabilities. In the event of financial difficulties or insolvency of the company, the shareholders' liability is limited to the amount they have invested in the company.
Another advantage of a private limited company is that it can raise capital by issuing shares to investors. This can provide the company with access to a larger pool of funds than would be available to a sole proprietorship or partnership.
Private Limited Companies in Zimbabwe are required to have a minimum of one director and one shareholder, and there is no limit to the maximum number of shareholders. Additionally, the shareholders can be individuals or corporate entities. The company's shares can also be freely transferred between the shareholders, subject to any restrictions set out in the company's articles of association.
Private Business Corporation
Private Business Corporation (PBC) is a less common but legally recognized form of business entity in Zimbabwe. The PBC structure is often utilized by small and medium-sized enterprises (SMEs) that operate as sole proprietors or partners, such as law firms, accounting firms, or consultancy businesses.
One of the main advantages of a PBC is the limited liability protection it provides to its members, which means that their personal assets are protected in the event that the company runs into financial difficulties. This is similar to the limited liability protection offered by private limited companies. However, unlike private limited companies, a PBC is not required to have a board of directors or issue shares.
The members of a PBC are the owners of the company, and they are responsible for managing the day-to-day operations of the business. The PBC can have between 1 to 20 members, and each member is required to contribute to the capital of the business.
The process of registering a PBC is simpler and less expensive than registering a private limited company. The registration requirements include submitting the company's constitution, details of the members, and a statement of capital. Once registered, the PBC is required to comply with certain legal and regulatory requirements, such as filing annual returns and maintaining proper accounting records.
Despite the advantages of a PBC, there are some limitations to this business structure. For instance, a PBC cannot issue shares or raise capital by selling shares to investors. Additionally, a PBC cannot be listed on the Zimbabwe Stock Exchange.
Company Registration in Zimbabwe Prices
For Private Limited Companies (PLCs), the registration fee is currently $100. This fee includes the cost of preparing and filing the Memorandum and Articles of Association with the Registrar of Companies.
For Private Business Corporations (PBCs), the registration fee is currently $80. This fee includes the cost of preparing and filing the Constitution with the Registrar of Companies.
It is important to note that there may be additional costs associated with company registration in Zimbabwe, such as legal and consultancy fees. These fees vary depending on the level of assistance required.
We offer transparent and affordable pricing for our Company Registration Services in Zimbabwe. Contact us today to learn more about our pricing and how we can assist you with your company registration needs.
Requirements for Company Registration in Zimbabwe
One of the most important requirements is the company name. The company name must not be similar to any other registered company or likely to deceive the public. It should not be blasphemous or indecent or likely to cause offense to any person or class of persons. Additionally, the name should not suggest patronage of the government or some other authority or organization unless the consent thereof has been obtained. Any company names deemed undesirable for any other reason may also be rejected.
Another requirement is providing director and shareholder information. This includes the name and surname of each director and shareholder as shown on their government-issued identity documents, as well as their national identity number/passport number, official address, and any former names. This information is shown on the CR 6 and the Memorandum and Articles of Association.
In addition, the company objectives must be stated when registering a company in Zimbabwe. These are the commercial activities that the company intends to carry out, and a company can have as many objectives as required.
Finally, the company must provide its physical, postal, and email addresses when registering. These addresses are important for legal and regulatory purposes, and they should be kept up-to-date to ensure that the company can be reached in a timely manner.
Benefits of Company Registration in Zimbabwe
Registering a company in Zimbabwe can provide numerous benefits to entrepreneurs and business owners, including:
- Limited Liability Protection: One of the primary benefits of registering a company in Zimbabwe is the limited liability protection it provides to its owners. This means that the personal assets of the owners are protected in the event that the company faces financial difficulties or lawsuits.
- Access to Funding: Registered companies in Zimbabwe have access to a wider pool of funding options, including loans and investment from external sources such as banks, venture capitalists, and angel investors.
- Legal Recognition: A registered company in Zimbabwe is recognized as a separate legal entity from its owners. This means that it has the ability to enter into contracts, sue and be sued in its own name, and carry out business transactions.
- Improved Credibility: Registering a company in Zimbabwe can improve the credibility and reputation of the business, as it demonstrates that the business is serious about its operations and committed to complying with legal and regulatory requirements.
- Tax Benefits: Registered companies in Zimbabwe are eligible for certain tax benefits, including tax deductions for business expenses and reduced tax rates for small businesses.
- Perpetual Existence: A registered company in Zimbabwe has perpetual existence, which means that it can continue to operate even if the owners or directors change.
- Separation of Business and Personal Assets: Registering a company in Zimbabwe separates the business assets and liabilities from the personal assets and liabilities of the owners, which can protect their personal assets from any legal or financial issues faced by the business.
Essential Documents after Company Registration in Zimbabwe
When registering a company in Zimbabwe, the type of documents you will receive after registration will depend on the type of company you choose. For Private Business Corporations (PBCs), you will receive a Certificate of Incorporation, which is a legal document issued by the Registrar of Companies showing that your company has been incorporated. You will also receive a CR 28, which shows your PBC's information, such as the PBC name and number, objectives, addresses, accounting officer's information, and members' information.
For Private Limited Companies (PLCs), you will receive a Certificate of Incorporation, as well as a CR 5 (formerly known as CR 6), which is a list of the company's addresses, and a CR 6 (formerly known as CR 14), which is a list of the company's directors. You will also receive a Memorandum of Association, which is a legal statement signed by all initial shareholders agreeing to form the company. The Memorandum of Association also outlines the business's objectives. Additionally, you will receive Articles of Association, which are written rules about running the company that are agreed upon by the shareholders or guarantors, directors, and company secretary.
Contact Us
We would love to hear from you! If you have any questions or inquiries about our Company Registration Services in Zimbabwe, please don't hesitate to contact us. Our team of experienced consultants is here to assist you with all your company registration needs.
Phone/Whatsapp: +263 778 215 199
Email: info@businessconsultants.co.zw
You can reach us via phone, email, or by filling out the contact form on our website. We aim to respond to all inquiries promptly and provide personalized assistance to ensure that your specific needs are met.
Don't let the registration process overwhelm you. Contact us today and let us help you start your business journey in Zimbabwe.