The requirements for company registration in Zimbabwe are generally the same for all types Zimbabwean entities; weather its a Private Limited Company (PLC) or a Private Business Corporation (PBC). They only slightly differ when it comes to foreign companies.
This guide will explore the requirements for company registration in Zimbabwe.
1. Proposed company names
1-5 proposed company names.
2. Directors information
Company directors are appointed by the company’s shareholders for the day to day running of the company. A Private Limited Company should have at least 2 directors and a maximum of 50. At least one director should ordinarily be a resident of Zimbabwe and every director should be above the legal age of 16 years and not disqualified. A Private Business Corporation can have 1 director (member) which means it can be formed with one person. The maximum number of members is 20 and all the members can be resident out of Zimbabwe.
For the sake of company registration, the following directors information is needed;
- Director name(s) and surnames as shown on their government issued identity documents
- National identity number or passport number
- Nationality
- Addresses
3. Shareholders information
Share holders are the owners of the company.
For the sake of company registration, the following shareholders information is needed;
- Shareholders name(s) and surnames as shown on their government issued identity documents
- Addresses
4. Company addresses
Company’s addresses are for receiving official communication from the Companies Registry. The company’s physical address should strictly be a Zimbabwean address.
- Physical address
- Postal address
- Email address
5. Business objectives
These are the commercial business activities of the company.
Requirements for Foreign Company/Branch Registration in Zimbabwe
Foreign company” means a company or other association of persons incorporated outside Zimbabwe which has established a place of business in Zimbabwe. The requirements for registering a foreign company/branch are a bit different from a local company.
1. Foreign company documents
Notarized copies of the foreign company’s charter, statutes or Memorandum and Articles or other instrument constituting or defining its constitution. The document can be notarized either by a director residing in Zimbabwe or by a notary public.
*If the instrument is in a foreign language, a certified translation thereof.
2. Foreign company’s addresses
- Company’s physical – this should be a Zimbabwean address
- Company’s postal address
- Company’s email address
3. Foreign company’s directors
A list of company director’s resident or who will upon the establishment of the place of business be resident in Zimbabwe.
- Director name(s) and surnames as shown on their government issued identity documents
- National identity number or passport number
- Nationality
- Addresses
4. Foreign company’s principal officer
- Principal Officer – the person responsible for the management of the business of that company in Zimbabwe.
5. Other
- If the foreign company is the subsidiary of another company or companies, the name or names of such holding company or companies as the case may be.
Set up for success
Zimbabwe might be facing economic challenges. However, it is one of the easiest countries to set 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 out your company registration process whilst you focus on your business.
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Numeri can help you navigate all corporate secretarial hurdles. Whether you are registering a company in Zimbabwe or something else, Numeri has a team of experts with extensive local knowledge covering Business Establishment, Corporate Secretarial, Tax Compliance, Advisory and other regulatory requirements.
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