Company registration in Zimbabwe made simple

What is company registration in Zimbabwe?

Company registration in Zimbabwe is the process you need to go through to officially set up a business in Zimbabwe. This can be a Private Limited Company, Private Business Corporation, Limited by Guarantee, Foreign Company/Branch or any other company structure, but is all done through the Deeds, Companies and Intellectual Property (DCIP) through an agent such as Companies Made Simple.

The process is slightly different based on the company structure you choose, but we have a comprehensive service for each business type, so you can be confident your registration goes smoothly.

How much does company registration in Zimbabwe cost?

The cost to register a company in Zimbabwe is US$100.00 for a Private Business Corporation (PBC) and and a Private Limited Company (PLC) costs US$160.00 and it can be paid by cash, bank transfer, EcoCash, zipit or remittance services for international clients. Find out more about our Private Business Corporation Prices and our Private Limited Company Packages. For non Zimbabwean residents we have Non-Resident Packages. *ZWL prices are available on request.

What are the benefits of registering a company in Zimbabwe?

Registering a company provides you with limited liability which is legal protection that limits the financial liability of the owners of the company only to the amount of their investment in the company. The owners personal assets are protected from business liabilities, including debts, lawsuits and legal claims. If the company incurs debts or is sued, the owners or shareholders are not personally responsible for paying the debts or damages beyond the amount of their investments in the company.

Other benefits include credibility, tax benefits, brand protection, access to funding, perpetual existence, etc.

Which type of company should should I register in Zimbabwe?

A Private Limited Company is the most popular type of company in Zimbabwe alternatively, a Private Business Corporation.

Most people register a Private Limited Company (PLC) which is the most widely accepted company structure in Zimbabwe and is suitable for nearly all types of trading. A private limited company is a type of business structure that is legally separate from its owners, who are known as shareholders. The shareholders are only liable for the company’s debts to the extent of their investment in the company. This means that the personal assets of the shareholders are not at risk if the company incurs debts or is sued. PLC’s are registered for the purpose of making a profit.

Alternatively, you can register a Private Business Corporation (PBC) which is mostly suitable for small businesses and professionals in the industry of accountants, architects, dentists and solicitors who most often operate as individuals or as partnerships. A PBC also offers limited liability.

What is the company registration process in Zimbabwe?

It is easy to register a company with Companies Made Simple. To start the company registration procedure, start by choosing your company ‘s legal structure, choose a registration package, provide the company registration information and leave the rest to us. For more information, please have a look at our procedure to register a company.

What are the requirements needed to register a company in Zimbabwe?

To register a company you need proposed names of the company, the intended business activities of the company, the company addresses, the personal details of the company directors and those of the shareholders. For more detailed information, please have a look at our requirements for company registration.

How long does it take to register a company?

In general, it takes 5-7 working days to register a company in Zimbabwe. You need about 5 minutes to provide us with the company registration requirements then 5-7 days for the Companies Registry to process the documents.

If it is important that you have your new company registered as soon as possible, we recommend you communicate earlier or you might as well just buy a shelf company which allows you to receive your documents within 24 working hours.

What are the documents needed for company registration in Zimbabwe?

We do not necessarily need any documents for company registration. This is because we assume the information you will provide will be true and accurate. However, if you choose to provide, you can provide the director’s and shareholders ID’s or passport or proof of residence.

Do I need a bank account for the company?

It is highly recommended that you open a company bank account after registering a company in Zimbabwe. A separate company bank account helps to keep your personal and business finances separate, which is important for legal and tax reasons.

Having a separate business bank account also makes it easier to track your business income and expenses, and to manage your cash flow effectively. You also can not be issued a tax clearance without a bank account and having one also improves your business’s credibility with suppliers, investors, and customers.

How do I de-register my company if I nolonger need it?

Company officers (Directors and/or Secretary) of a company can de-register their company at any time after registration. We offer a Company De-registration Service to all companies who wish to de-register. The service costs US$55.00.

For whatever reason you choose to deregister – we will fill out all the relevant paperwork and file it with the Companies Registry, saving you a lot of time and effort. After your documents have been lodged with the Companies Registry your company will be removed from the companies register within 3 months. This is the standard length of time it takes the Companies Registry.