Zimbabwe

Zimbabwe f

Official name:          Zimbabwe

Official languages:  Shona, English, Ndebele

Government:            Semi-presidential system, Republic

Zimbabwe g

OUR SERVICES;                      

  • Consultation (in person, online, phone)
  • Helping to prepare your documents
  • Start to finish your company registration process
  • Immigration services

Zimbabwe

Zimbabwe is a landlocked country in South Africa with a population of about 15 million and an area of ​​390,757 square kilometers. Zimbabwe is bordered to the south by South Africa, to the southwest by Botswana, to the northwest by Zambia, and to the east by Mozambique.
Zimbabwe’s agricultural products include tobacco, sugarcane, cotton, wheat and corn, as well as natural resources including coal, gold, asbestos and nickel.
Zimbabwe, with its widespread political and economic corruption and attempts to intervene in the military conflicts of neighboring countries, has gradually caused inflation of several hundred million percent in the country and has caused poverty for 68% of the population.
The country’s exports include platinum, cotton, tobacco, gold, iron alloys and textiles, which are exported to South Africa, the Democratic Republic of the Congo, Botswana and the United States.
The country’s imports include machinery and equipment, factory products, pharmaceuticals and fuel imported from South Africa, Zambia and the United States.

General Questions 

What is the best type of company for all products and services to operate?
Tax Resident Company (Pvt)

How much is a corporate tax in Zimbabwe?
25%

How much is VAT in Zimbabwe?
15%

How much does it cost to register a company in Zimbabwe?
$ 17700 USD

What is the minimum capital required to register a company?
$ 1 USD

Do company executives should travel to Zimbabwe to complete the company registration?
No need.

How long does it take to register a company?
3 months

Is it necessary to have an office physically to register a company?
Yes.

The benefit of company registration in Zimbabwe

  • Company registration in Zimbabwe can be done with one manager and one shareholder.
  • Zimbabwe has been a member of the World Trade Organization since 1995.
  • Money, political instability and severe corruption in Zimbabwe.
  • Zimbabwe has abundant mineral resources such as gold and diamonds and agricultural resources.
  • No need for initial capital to register a company.
  • High government incentives for investment companies such as 5-year tax exemption and customs duty exemption for import of equipment and raw materials.
  • About half of Zimbabweans speak English. Therefore, foreign investors will be able to communicate with employees, customers and suppliers without any problems.

The disadvantage of company registration in Zimbabwe

  • Investment restrictions in mines.
  • Setting up a company in Zimbabwe is complicated and time consuming.
  • Bureaucracy and widespread corruption between government officials and politicians.
  • Relatively high corporate income and VAT rates.
  • Lack of complete monetary stability in Zimbabwe.
  • Negative ranking of 127 competitive economies out of 150 among the countries of the world.
  • Zimbabwe is ranked 140th out of 189 countries in terms of ease of doing business.

Type of company registration

Private company (Pvt)
Public company (Ltd)
Sole proprietorship
Partnership

The company registration process

  • Apply to register a company.
  • Specify multiple unique names for the company and approve one name for the company.
  • Preparation and adjustment of the company’s articles of association with the specifications of the approved name, names of shareholders and amount of shares, names of managers, determination of the type of company, goals of the company, address and telephone number of the company.
  • Company registration in the Companies Registration Office.
  • Opening a bank account for the company and transferring the company’s capital to the bank account.
  • Preparation of company seal.
  • Register the company in the tax office and obtain a special code for the company.
  • Registration of the company in the social security office for personnel.