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
Physical and postal address
The minimum share capital required is K 5000
50 percent of the Directors/Secretaries should be citizens of Zambia
5 company name alternatives should be provided
Memorandum of Association
Articles of Association
Passport copies of the Directors
2 passport size photos
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)
Starting a business in Zambia takes approximately 1 to 2 months.