Advantages of registering your company  

Standout
By registering your firm, you make it appear as a serious competitor in the market. It shows that your business is steadfast, which reassures your clients that you are dependable and dedicated to longevity. Having the distinction of being a registered firm lends legitimacy to your enterprise, even if you are running it under your own name. Your company’s repute will rise dramatically with that official registration.

Name defence
It’s possible that you gave the name of your business a lot of consideration and time. You are contributing to the preservation of your company’s identity by registering your business name. This will lessen the likelihood that someone else will use your name or that a rival will attempt to use it for business purposes. It also aids with brand identity protection. You can also apply for a trademark to prevent someone from stealing or copying your distinctive slogan or logo.

Liability protection

Your personal assets and finances should ideally be kept apart from those of your firm. By registering, you give your company legal independence. In the event that your business incurs debt or has other liabilities—for instance, if you are ever sued—this can help safeguard your personal assets. Separating yourself will help shield your personal belongings from creditors and legal action.

 Legal benefits

You can stay in compliance with local, state, and federal laws by registering with the relevant organisations. In the event of a lawsuit, your firm will be seen as a legally running entity if it has been officially registered, proving that you are abiding by the relevant laws. 

Tax benefits

Selecting the kind of business you are running is up to you when you register your company. You can determine which business structure best fits your organisation by examining the several forms: corporation, limited liability company (LLC), partnership, and sole proprietorship. This gives you the freedom to choose your business model rather than having the government choose it for you.

When registered with the ZIMRA, your business will be assigned an Tax Identification number (TIN) which  establishes your business a legitimate legal entity with the appropriate tax status. The TIN is required for compliance with bookkeeping and accounting regulations. Following these regulations demonstrates that your business is paying taxes, that employees are covered under the appropriate insurance and that your company is properly reporting income to the government.

Business banking

If you decide to open a business banking account, such as the business savings and business checking choices ,you will have to provide proof that your company is officially registered. Establishing such an account is a wise business decision. One benefit is that it keeps your bookkeeping in compliance with the law. By keeping your personal and professional lives apart, it also safeguards you. Additional security for your firm is provided by business banking. For instance, you can apply for a line of credit to cover urgent demands or emergency situations. Opening a credit card account might assist you in making first purchases and help your business establish a credit history.

Access to capital

In the event that you choose to seek for loans, banks will demand that your company be registered. Additionally, you’ll discover that investors favour funding companies that have the appropriate registrations while looking for investment funds. If your business is reputable, obtaining funding will be simpler.

Once you decide to register your business and reap all these benefits, you’ll need to determine how and where to register. You may register as a sole proprietorship, partnership, corporation, or limited liability company (LLC). We break all that down and help you make the right decision .

Tax

Our expert team advises on matters from a business perspective, always commercially led and driven to create the most tax-efficient structures possible. Corporate tax is a complex area of constant change. We can help you stay up-to-date and fully compliant, while minimizing tax liabilities within efficient, commercially-driven structures.

Our corporate tax advice is drawn from a deep understanding of owner-managed businesses. We can also take care of your personal tax  issues, making us a one-stop shop for all your tax affairs.

Advantages of registering Value Added Tax  (VAT)

Legitimacy and Credibility

Having your firm registered for VAT gives it a more authentic and reliable appearance. This fosters a positive perception of your company among partners and customers by giving them reason to feel confident in your operations.

Business Expnsion

Often, registering for VAT is a requirement before doing business with bigger companies and governmental organisations. It gives your company the chance to deal with a wider spectrum of customers, which promotes growth and expansion.

Reclaiming Input VAT

The opportunity to recover VAT paid on business expenses is one of the main benefits of VAT registration (input VAT). This can drastically lower operating expenses overall, giving companies a worthwhile financial incentive.

Competitive Edge

Registering for VAT can help you compete more successfully in the market. Due to the implied commitment to compliance and financial stability, dealing with VAT-registered companies is preferred by many clients and business partners.

Avoiding Penalties and Legal Consequences

Serious fines may result from operating beyond the VAT threshold without registering. By ensuring compliance with tax laws, VAT registration protects your company from any legal repercussions and financial losses.

Improved Cash Flow Management

VAT-registered businesses can benefit from the VAT payment and refund system, contributing to more effective cash flow management. This is particularly valuable for businesses with fluctuating revenue streams.

What Does Company Secretarial Services Include?

Using our company secretarial services takes away the burden of aspects of your business that would normally fall to a company secretary. Our flexible offering can save you the cost of a full-time resource and keep your business streamlined.

We undertake all routine company secretarial work, including preparation of minutes, resolutions, updating of statutory registers and filing of forms at Companies House. We also incorporate companies and can arrange for them to be dissolved.

What sets us apart is that we also deal with more complex matters such as capital reconstructions, drafting of specialist articles of association, corporate governance and the reinstatement of companies that have been struck off.

We also provide an advisory and compliance service to ensure you’re compliant with all current legislation.

To put it briefly, we notify Companies House and prepare the necessary paperwork for company modifications. Modifications essentially consist of:

Change of address

Every company must maintain a registered office in the Zimbabwe, where all notifications and notices required by law can be sent. Following registration, a Company may change the registered office to any other address in Zimbabbwe and is obliged to notify, accordingly, the Registrar of Companies

Updating Directors and Secretary

The company’s officers are responsible by law for the management of the company, and the keeping of accounting books which are important for the preparation of financial statements.

After registering, a business may go ahead and make changes pertaining to its officers, including appointment, termination or resignation, and modifications involving an officer’s personal information (such as name and address changes).

Registering a transfer of shares
A business may go ahead and alter the quantity of shares that each member owns in addition to its membership. In this instance, the business must notify the Registrar of Companies of any changes to its share capital and membership register.

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Updating Articles and Memorandum of association
A company may alter its articles of association (which contain the operating regulations) and/or memorandum (which contains the firm’s objects) after it has been incorporated

You might want to amend your articles of association for a variety of reasons. If you intend to add staff shareholders, you may want to make sure they cannot outvote you, or you may wish to grant certain people more voting power. It can be necessary to impose limitations on who can sell or transfer shares, as well as on how dividends are distributed. We can help you with all of these concerns and identify the best course of action to achieve your goals.

Company Profile / Logo / Flyer design

As a client-focused business profile design firm, we create a corporate profile by bringing your content and design ideas to life. We go above and above to make the profile even more remarkable and captivating because we understand how important it is to you. We transform your business profile into a strong voice that speaks passionately about your offerings and highlights your position as the industry leader with the correct insights, resources, and artistic touches.

Business Bank account

Additionally, business banking benefits both your staff and clients. For instance, providing merchant services protects consumer privacy and ensures the security of purchases. Of course, it is also seen as more professional to provide your clients your business name rather than your name when making payments.

Cooperate bank account common Requirements

Certified company documents

Tin number /Valid tax clearance certificate

Certified copy of id for directors

Proof of residency