Company formation in Zimbabwe – SK Patodia

ADVANTAGES OF COMPANY FORMATION IN ZIMBABWE

Zimbabwe, in Southern Africa, is bordered by Mozambique, Botswana and Zambia and boasts of a population of approximately 15 million. Registering a company in Zimbabwe is getting extremely popular due to its growing economy, which relies heavily on agriculture and mining. The government is taking steady measures to boost the country's economic growth. Additionally, it has signed Bilateral Agreements with countries such as the United Kingdom, Netherlands, Sweden, Germany, Canada, and South Africa among others. Following are the advantages of starting a business in Zimbabwe.

  • It is strategically located in the centre of the Southern African Region and has emerged as a hub for regional trade and landlocked transport.

  • It is a member of several regional organisations such as South African Development Community and Common Market for Eastern and Southern Africa. Internationally, it is a member of World Trade Organisation as well as the African Caribbean and Pacific Nations.

  • It is estimated that Zimbabwe will offer high returns on investment in the future.

  • It is home to one of the most educated workforces in Southern Africa.

  • Change to It is the third largest platinum producer in the world.

  • It is the third largest platinum producer in the world.

REQUIREMENT TO OPEN A COMPANY

BASIC REQUIREMENTS

  • Minimum 1 Shareholders.
  • At least 2 directors of which 1 should reside in Zimbabwe.
  • No minimum capital .
  • Resident Company Secretary is mandatory.

DOCUMENTS REQUIRED

  • List of proposed names.
  • For Individual Shareholders: Copy of passport and identification documents, address Proof .
  • For Corporate Shareholders: Copy of Certificate of Incorporation, AoA, MoA and PAN card or similar document, Shareholding pattern and address proof.
  • For Proposed Directors: Copy of passport and identification documents, address proof.

OUR SERVICES

Incorporation services:

  • Name search and name reservation.
  • Preparing relevant resolutions, incorporation documents and company setup.
  • Obtaining Tax registration.
  • Assistance in opening a bank account.

Other Maintenance & Compliance Services:

  • Provision of Registered Office Address.
  • Local Nominee Director services.
  • Secretarial Services.
  • Book keeping and Preparation of Financial Statements.
  • Filing tax and annual return.

TIME PERIOD

The complete procedure of company registration in Zimbabwe is estimated to be completed in 2-3 Weeks.
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