Why incorporate a company in Zimbabwe?

• Cheap educated and competitive workforce
• Booming mining and natural resource industry
• Government incentives for foreign investors
• Growing agriculture, ICT and tourism industries
• Access to regional and world markets AU, SADC, COMESA

Types of legal entities

• a public limited company;
• a private limited company;
• a company limited by guarantee;
• a co-operative company;
• a foreign company;
• a private business corporation;

Frequently asked questions on forming a company in Zimbabwe
(a) Is foreign ownership allowed? – Yes
(b) Is there a minimum share capital – No
(c) What is the minimum number of shareholders? – 1 shareholder
(d) Are a fiscal address and legal representation necessary? – Yes
(e) How long does it take? (including bank accounts) – 7 days

Steps to forming a company in Zimbabwe
In order to successfully form your company, you will have to follow the steps outlined in this guide. There are 5 main steps involved in this process:

(1) Draft and Sign Mandate Agreement – Draft and sign a Mandate Agreement to Legal Counsel to represent in the registration of the company.
(2) Preparation of Company By Laws and constituting documents – A name search and preparation of the constituting documents by the Legal Counsel.
(3) Registration of the Company – Submission of the draft company documents for registrar with the Registrar of Companies
(4) Obtaining Company Tax ID Number
After successful registration the Company documents are submitted with the Zimbabwe Revenue Authority for issuance of a Tax ID or Business Partner Number.
(5) Opening of Corporate Bank Account – After registration of the Company with revenue authority the Company can now open a corporate bank account.

From North Africa to South Africa, Together as One
Our presence in Africa stretches from Morocco to South Africa. Leading independent legal, tax, audit and accounting specialists have been selected for their indigenous knowledge of their national market and their experience in assisting foreign clients in setting up and expanding in their locations, across the region and into other international markets.

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