Tuesday October 21st 2014

Insight Areas

Starting (or Registering) a Business in Zimbabwe

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Starting a business, or company, in Zimbabwe takes approximately 96 days as compared to about 46 days for the Sub-Saharan Africa region. This piece outlines the general technical procedures for starting a company in Zimbabwe, according to the Doingbusiness.org database by the World Bank. It includes details and requirements to be in good standing with all relevant agencies beyond the company registrar like social security agencies.

Use this as a guide while you complete the process and consult with agents carrying out work on your behalf.  Additional notes may be found here.

Technical Procedures

The steps involved in registering a company (Private Limited Liability Company) in Zimbabwe.

  1. Register the company name with the Chief Registrar of Companies.
  2. File memorandum and articles of association with the Registrar of Companies.
  3. Register with the tax authorities for income tax, VAT, and PAYE.
  4. Register with the National Social Security Authority for pension and Accident Prevention and Compensation Scheme.
  5. Register with the Manpower Development Fund.
  6. Pick up the form of license application notice from the City Health Department.
  7. Advertise in a local newspaper the application for a trade and business license.
  8. Submit an application form for issuance of new licenses to the Licensing Office in Harare Municipality.
  9. Have licensing officers visit the company site.
  10. Obtain the trading license.

Note: Just before you begin the process to incorporate a business, confirm details with knowledgeable entities.  Policies and procedures may alter between the time of this publication and when you start the process.  The World Bank provides a list of local partners that helped collect and document business-related procedures here.

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