Step by Step guide on How to register a Private Limited company in Zimbabwe
A Private Limited Company is the most common company structure in Zimbabwe. It requires at least 2 directors and a maximum of 50 and also limits the number of shareholders to 50.
For a business to succeed in Zimbabwe it is important to register it and enjoy the following benefits;
- Get financial support from lenders.
- Credibility to become a Private limited or a Public Entity supplier.
- Qualify to apply for tenders.
There are 3 simple steps when registering a company in Zimbabwe which are as follows;
Step 1 – Name search and reservation
Come up with 5 preferred names which should not be similar to an already registered company. One name will be approved and will be valid for a month before registering the company.
Step 2 – Appointment of company Directors and Secretary
Name(s) and surnames of the appointed Directors and Secretary as shown on government issued identity documents, national identity number, and official address are required for the preparation of the CR 6 form. Directors and the company secretary should be above the legal age of 16 years, and should be a legal Zimbabwean resident.
Step 3 – Company incorporation
Company objectives or commercial activities that the company intends to carry out should be clearly stated in the Articles and Memorandum which will be drafted by Prodigies Zimbabwe. A company can have as many company objectives as they require.
The official company registration documents are submitted at the Companies Registry for incorporation. This is done only through a registered consultant, registered with the Deeds, Companies and Intellectual Property (DCIP). After successful submission of the registration documents at the Companies Registry, the company is incorporated.
Contact Prodigies Zimbabwe (Registered Consultants) today for easy company registration 0734180350 / 0738731210
www.prodigies.co.zw