In this post, we will talk about “How much it is to register a company in Zimbabwe”. previously, we talked about “how to register a company in Morocco”
Cost of Registrations in Zimbabwe
- 1 Cost of Registrations in Zimbabwe
- 2 COST OF REGISTERING YOUR COMPANY BY YOUR SELF
- 3 COST OF REGISTRATION USING A REGISTERED AGENT
- 4 Process of registration of Company in Zimbabwe
- 5 Stages required for Registration of Company in Zimbabwe
- 6 Stage 1: The name search
- 7 Some reasons for rejected names
- 8 Stage 2: The incorporation and registration stage
- 9 The procedure for registration as a PLC (Private Limited Company)
COST OF REGISTERING YOUR COMPANY BY YOUR SELF
Private Business Corporation PBC I form cost you between $0.50 and 1.
Name search cost only $5
Private Business Corporation PBC II form Cost $2
For registration, proper is $25.
The same process applies to the PLC (Public Limited Corporation) registration.
COST OF REGISTRATION USING A REGISTERED AGENT
PBC can cost from $65 upward.
PLC $235 or less but could be higher, agent fees vary.
Process of registration of Company in Zimbabwe
The process of company registration in Zimbabwe is separate into 2 phases. The process is usually the same regardless of whether you are registering a PBC (Private Business Corporation) or a PLC (Private Limited Company). There are the name inquiry and reservation stage, and after that, there is the incorporation and registration stage. You can register your company yourself or enlist the service of an agent.
Stages required for Registration of Company in Zimbabwe
Stage 1: The name search
The request usually made to the Registrar of Companies office (likewise called the DCIP – Department of Companies and Intellectual Property) for an inquiry to made in the Register of Companies. The following stages are appropriate at the name search stage.
The reason for an application for reservation of name is to get the authority of the Registrar to utilize a specific name.
In case the Registrar supports your application to hold a name, he will save that name for you for a time of up to two months to empower you to register your organization. He won’t enable some other individual to utilize that name amid that period.
You are encouraged to give four names in your application so that if one name isn’t acknowledged, another might be. You should list the names arranged by your preference.
The Registrar will give you information in the form of a written notice of whether any of your names were acknowledged or whether rejected. This procedure takes 3 to 6 working days.
Some reasons for rejected names
The organization name might be too near or similar to a registered organization
The organization name might come off to be too offensive, impious or revolting to any individual or class of individuals.
The organization name might be too beguile or deceive people, in general, e.g., an organization called the Ministry of Electronics.
The name shows support of the Government or some other specialist or association.
The organization name you presented may rejected for some other reasons
Stage 2: The incorporation and registration stage
The procedure for registration as a PBC (Private Business Corporation)
After the name has been secured documentation for registration of the PBC must be submitted to the Registrar of Companies, the next procedure includes the appointment of individuals (shareholders and directors) of the PBC. Every member has doled out a level of proprietorship in the PBC. The aggregate rate for all individuals must indicate 100%.
The Registrar will then registers the PBC and relegate to it a registration number. With his seal, stamp, and signature to the PBC Incorporation Statement to mean the authenticity of the document. The PBC is likewise put into the Company registry and ends up accessible in the Registrar’s database. This procedure takes 3 to 6 working days.
The procedure for registration as a PLC (Private Limited Company)
After your name saved, the memorandum and articles of association of association are at this moment signed by the shareholders along with the CR6 and CR14 which is signed by either a secretary or director of the company in question are submitted to the Registrar of Companies. Every investor must sign in their handwriting and indicate the number of offers they allotted.
The Registrar will register the PLC and allot to it a registration number. A certificate of Incorporation issued to the company likewise. The Registrar will put his seal, stamp and his signature to the Certificate of Incorporation, Memorandum and Articles of Association and the CR6 and CR14 to mean their legitimacy and authenticity. The PLC is likewise put into the Company registry and winds up accessible in the Registrar’s database. This procedure takes 3 to 6 working days.
This post comprises a full details about ” how much it is to register a company in Zimbabwe”. Moreover, you can also check “How to check if the company is registered with SARS”