All companies are processed through the Registrar of Companies. There are two forms of company registration in Zimbabwe; Private (Limited) Company and Private Business Corporation (PBC).
Private (Limited) Company
It is registered under Private (Limited) Company (Act 24.03)
|Certificate of Incorporation||Confirm of Registration|
|Memorandum of Association||Line of business|
|Articles of Association||Share Capital and internal affairs of the company|
|CR14||Details of the directors and Company Secretary; Full Names, ID Numbers, addresses|
There must be between 2-50 directors and a company secretary should also be appointed
Company secretary – he/she will also be a director and will sign on the CR6, C14, and Memorandum & Articles of Association.
Other director/s – Must sign against his/her name in the Memorandum & Articles of Association
TIPS will appoint an accounting officer (listed and approved by the Registrar of Companies) for the purposes of registration only. Afterwards the company is allowed to engage any accounting officer they prefer. It is registered under as Private Business Corporation (Act 24:11)
A certificate of Incorporation with attached information on;
- Line of business
- Director/s’ details – Full Name, ID Number
- Capital contribution and percentage ownership for each director
There must be between 1-20 members
Each member must sign against his/her name.
TIPS will appoint an accounting officer (listed and approved by the Registrar of Companies) for the purposes of registration only. Afterwards the company is allowed to engage any accounting officer they prefer.
Differences between Private (Limited) Company and Private Business Corporation
|Private (Limited) Company||Private Business Corporation|
|Relatively more popular||Relatively less known|
|Not for sole trader||There can be one director|
|More suitable for large companies||More suitable for SMEs|
|Detailed line of business e.g. selling laptops||Sector based line of business e.g. Retailing|
|There is a separate certificate of incorporation,
Memorandum & articles of association, CR6 and CR14
|It is a summarised rendition without other separate documents|
|Submission of annual returns to Registrar of Companies is mandatory||It is not required to submit annual returns to Registrar of Companies|
|Ownership is premised on number of shares allocated||Ownership is derived from capital contributed and depicted in percentage terms|
|It can be listed on the stock exchange||It cannot be listed on the stock exchange|
|Company secretary should be appointed from amongst the directors||No appointed company secretary|
|Companies can be shareholders||Only individual members are allowed|
- Both forms of company registration operate generally in the same manner, you can enter any lines of business.
- There is limited liability for both options.
A registered company can be amended if any changes have occurred.
Private (Limited) – CR14 (changes of directors), CR6 (change of company address)
Private Business Corporation – PBC 3 (changing directors, line of business or address)
- Name Search – the names must be unique so as to avoid conflicting with other registered companies. The names should be in order of preference. (Private (Limited) 7 names & Private Business Corporation 4 names). Line of business should also be indicated.
- After the name has been approved directors will provide the following information;
- Photocopies of IDs of directors
- Addresses of directors
- Professions of directors
- Appoint the company secretary
- Company address
- Share allocations of the directors
Private Business Corporation
- Photocopies of IDs of members
- Capital contribution for each member (Property/Cash)
- Percentage ownership derived from capital contribution
Directors will then sign the prepared documents. After submission and processing, the company will be a registered entity.
Duration of registration
On average it takes 10 working days to register a company
Register Your Company from wherever you are!
Communicate through phone call/email/whatsappPayment can be made using our payment options, with an additional fee for courier services.
Details for name search can be sent as a text message/email/whatsapp.
Documents to be signed, can be sent through email/courier services, client signs and sends back using courier services.
Completed company registration documents can be sent using courier services to the owner.