Company Registration

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)

Features

Document Basic Purpose
Certificate of Incorporation Confirm of Registration
Memorandum of Association Line of business
Articles of Association Share Capital and internal affairs of the company
CR6 Company address
CR14 Details of the directors and Company Secretary; Full Names, ID Numbers, addresses

Directorship

There must be between 2-50 directors and a company secretary should also be appointed

Signatures

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

Accounting Officer

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)

Features

A certificate of Incorporation with attached information on;

  • Address
  • Line of business
  • Director/s’ details – Full Name, ID Number
  • Capital contribution and percentage ownership for each director

Directorship

There must be between 1-20 members

Signatures

Each member must sign against his/her name.

Accounting Officer

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.

Amendments

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)

Registration Process

  • 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;

Private (Limited)

  • 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.