COMPANY REGISTRATION

Requirements for company for local and foreign company

1. At least 3 to 5 names proposed names

2. A type of business(private limited, Private , Business cooperation, Trust, Coperate….)

3. Physical and postal address for the business

4. Members interest/share

5.The full names and id numbers

6. Objectives of the company

Private limited company

– A private limited company is a type of business entity that is commonly used in many

– countries around the world. It is a separate legal entity from its owners, who are known as

– shareholders. The shareholders have limited liability, which means that they are only

– responsible for the company’s debts up to the amount of their investment in the company.

 – Private limited companies are typically smaller than public limited companies, which are

– listed on stock exchanges and can be publicly traded.

– One of the main advantages of a private limited company is that it provides its owners with

– limited liability protection. This means that if the company goes bankrupt, the shareholders

– will not be personally liable for its debts. Instead, their liability is limited to the amount of

their investment in the company.

– Documents you receive after registration

– Certificate of incorporation

– Summary entity document previously( cr5,cr6,articles and memorandum of association)

– Price $120

PRIVATE BUSINESS COPERATION

A private business cooperation is typically owned and operated by a small group of

individuals who keep their financial information private and it can also accommodate sole

traders.

The taxes a PBC is liable for are the same with a PLC. A PBC must register with ZIMRA and

pay Income Tax on any profits they make. They are also liable to pay VAT once they reach

the minimum VAT threshold and the members and employees are liable for PAYE.

Price $80