COMPANY FORMATION IN ZIMBABWE

ADVANTAGES OF COMPANY FORMATION IN ZIMBABWE

Zimbabwe, in Southern Africa, is bordered by Mozambique, Botswana and Zambia and boasts of a population of approximately 16 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 which is estimated to grow more than 17 Billion USD by 2020. 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.

• It has the second largest platinum reserve in the world.