The requirements for company registration in Zimbabwe are the name of the company, the physical and postal address of the company, director information, shareholder information and the main business activities of the company. The law requires a company to register with the Zimbabwe Revenue Authority (ZIMRA) within 30 days of the start of trading. Once registered, you will receive a tax certificate. Form CR14 is a document that contains details about the directors and secretaries of the corporation. Register your business as a PLC. Register with ZIMRA to obtain a tax release. Get liability coverage from an insurance company. Obtain the license and certificate of approval from the security officer. Register with the Zimbabwe Alliance of Private Security (ZAPS).
Register with NSSA. Register with ZIMDEF. A limited liability company is the most common business structure in Zimbabwe. It has limited liability, which means that shareholders are only liable for the company`s debts up to the number of shares they own in the company. A limited liability company requires a minimum of 2 directors and a maximum of 50 and also limits the number of shareholders to 50. A limited liability company is a type of “privately owned” business entity, which in many. To register a limited liability company (PLC), you need: The main company laws in Zimbabwe are contained in the Companies and Other Business Entities Act (Cap. 24:31). The company should also know the following local authorities when doing business in Zimbabwe. After registering your business, you may not want to negotiate with your company`s legal name for a variety of reasons. You can use an adopted name, popularly known as a trade name.
However, since the introduction of the Companies and Other Business Entities Act (Cap. 24:32), all business names should also be registered. A CR 5 form (formerly Form CR 6) lists the company`s addresses, i.e. physical, postal and electronic addresses. He is required by law to record who is present and what is discussed at the meeting. Once formally prepared, these minutes become the minutes of the first meeting of directors. When you register a company with us, we will provide you with a free protocol template for the first board meeting. While you will need to adapt our first meeting minutes template to the content of your first board meeting, you will have a good idea of what kind of things to include in the minutes. There are quite a few companies, but the two most popular companies you can register in Zimbabwe are a private limited liability company and a private commercial company.
How long does it take to register a PBC? Ideally, the waiting period should be approximately 12 days. It takes 6 days to hear from the company office after submitting a name search form and an additional 6 days to hear from them after submitting your verified name for registration. It didn`t even take me 2 minutes to get my business registration forms. business creation. Their service was fast. Upon registration of the Corporation, the Corporation is required to hold its first meeting of the Board of Directors to document or resolve the initial business of the Company Secretariat, including: A Form CR 6 (formerly Form CR 14) lists the directors, secretaries and principal officers of the Corporation. A private joint-stock company is the best alternative to a limited liability company. This business structure is usually adopted by sole proprietors, small businesses, and individuals who want to work as individuals such as consultants, architects, etc. Instead of having shareholders and directors, it has members. The Member`s financial liability is limited to the amount of money he invests in the formation of the Society. With us, this can be done within 24 business hours, with the approved name reserved for up to 3 weeks from the date of application.
However, you can continue to reserve the company name if it has expired. A shelf company is a company that is pre-registered, has no assets or liabilities, and is largely registered for resale to businesses that are not willing to go through the rigors of registering a business. A Form CR 28 is a governing document used when registering a private corporation. The form was previously known as Form PBC 2. Strictly speaking, you don`t need to register a business to run a business in Zimbabwe. However, there are many opportunities that you might miss as a non-subscriber. Some of the opportunities you might miss out on are as follows: The business documents you will receive will differ depending on the type of business you choose. Most banks have not updated their stationery and still require companies to provide a CR 2 form when opening a business account. However, this form is no longer called CR 2. It is now called CR 11.
A CR 2 form is an application to search for the availability of a business name and what banks need to open a bank account is a CR 11. A CR 11 is an allocation yield that shows a company`s current share allocation or ownership. Company registration is the process of incorporating (registering) a company in Zimbabwe as a limited liability company (PLC), private trading company (PLC) or other business entity under the Companies and Other Business Entities Act (Chapter 24:31). When a corporation is incorporated, the corporation becomes a separate legal entity; separated from its owners. The company 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 arrangements, and ownership of real estate and assets. Submit the request and make the payment. Send an application form and pay here or at our offices. Name verification and search. We will review your request and request name research and reservation. Preparation and submission of documents.
Sign the company papers. Registration process completed. Official documents from the commercial register are submitted to the commercial register for incorporation. This is only done through a consultant registered with Deeds, Companies and Intellectual Property (DCIP). After the successful submission of the registration documents to the Commercial Register, the company is founded. Our company registration prices range from $70.00 for a private company to $150 to $280 for a limited liability company, depending on the company registration package you choose. *Please note that the introduction of the Companies and Other Business Entities Act (Cap. 24:31) made changes to form names.
If you are not sure which form you need, call us, send us an SMS or WhatsApp on +263 787 828 513 or +263 (0242) 709 883 and our consultants will help you. #1 Internet Trust Security Seal. Ensures that a website is free of malware attacks. The highest customer reviews on one of the most trusted product review platforms. A CR2 is a form for the allocation of shares and must be filed with the Commercial Register within 30 days of any share allocation – most companies with initial subscribers as current shareholders therefore do not have a CR2 form.