COMPANY LIMITED BY GUARANTEE
In Zimbabwe, a company limited by guarantee is primarily for non-profit organisations that require corporate status. They are routinely used for charities, community projects, societies, clubs and other similar bodies.
Companies Limited by Guarantee are registered in much the same way as companies limited by shares i.e. Private Limited Companies. A guarantee company must have at least two directors and at least member and will be required to file a declaration of continuance of its existence annually with the Companies Registry. Our expert team can guide you through the company registration process and if accurate articles of association are required to be drafted our specialist team can help.
How can we help you?
To discuss how Numeri can help you with registering your Company Limited by Guarantee, call, WhatsApp, text or complete our contact form or use our live chat and one of our experts will contact you.
Tel (ZIM) : (0242) 709 883
Tel (World) : +263 (0242) 709 883
Mob: +263 778 702 715
Mob: +263 777 660 517
Email : email@example.com
WHAT IS A COMPANY LIMITED BY GUARANTEE
A company limited by guarantee is primarily for non-profit organisations that require corporate status. It is common practice for guarantee companies to retain their profits within the company in order to reinvest in its operations rather than distribute the profits to their members.
Why register a Company Limited by Guarantee in Zimbabwe
Most guarantee companies are incorporated for non-profit making functions so they are routinely used for charities, community projects, societies, clubs and other similar bodies.
They are also a popular choice for property management companies. These are set up to hold an interest in or manage communal facilities in a property which is divided into units, each being owned separately. These companies may be set up by landlords or developers or by the unitholders themselves.
Registering a Company Limited by Guarantee
Guarantee companies are incorporated in much the same way as companies limited by shares. A guarantee company must have at least two directors and one member. Unlike companies limited by share, a company limited by guarantee can be exempt from having the word “Limited” or “Ltd” at the end of its name if it is set up for certain, usually charitable or non-profit, purposes.
A company limited by guarantee is supposed to file a declaration of continuance of its existence annually with the Companies Registry the official Registrar of Companies in Zimbabwe.
If you have all the information you need, our company registration process is simple and straightforward. But if you have further questions, our expert team can guide you through the entire process. Many companies will also require articles of association to be drafted to accurately reflect the specific needs of the organisation. This is specialist work that our colleagues can help you with.
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