Company Formation in Zambia – SK Patodia

Advantages of Company Formation in Zambia

Located in Southern Africa, Zambia is a landlocked country bordered by Angola, Namibia, Botswana, Zimbabwe, Mozambique, Malawi, Tanzania and the Republic of Congo. Copper is a major contributor to the Zambian economy and the country boasts of being the eighth largest copper reserve in the world. It has signed tax treaties with 20 countries around the globe such as India, Germany, United Kingdom and Canada among others. Following are the reasons why company registration in Zambia is ideal for businesses persons.

  • The availability of natural resources is abundant in Zambia.

  • The economy is steadily progressing after a declining phase in 2015 and 2016.

  • Sharing its borders with many countries supplements cross border trade.

  • It is a member of the World Trade Organisation and enjoys preferential treatment from the European Union, USA and other developed economies.

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

  • Physical and postal address
  • The minimum share capital required is K 5000
  • 50 percent of the Directors/Secretaries should be citizens of Zambia

DOCUMENTS REQUIRED

  • 5 company name alternatives should be provided
  • Memorandum of Association
  • Articles of Association
  • Passport copies of the Directors
  • 2 passport size photos
  • Bank Statement

OUR SERVICES

  • Preparing all the relevant documents pertaining to Company Incorporation
  • Structuring of a Company
  • Registering the company with the Tax Authorities
  • Obtaining the Certificate of Incorporation
  • Annual provision for a locally registered office address
  • Annual provision for a local Resident Director
  • Auditing, Accounting, and Taxation (if required)

TIME PERIOD

Starting a business in Zambia takes approximately 1 to 2 months.
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