Zimbabwe company registration

Zimbabwe company registration

DOING BUSINESS IN ZIMBABWE

Since 2003, Healy Consultants has assisted our Clients with business registration in Zimbabwe. Our services include i) Zimbabwe company incorporation ii) government license registration iii) business bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages and disadvantages

    Advantages of Zimbabwe company registration

      Register business in Zimbabwe
    1. Zimbabwe is one of the world’s poorest countries, suffering from monetary and political instability and high corruption. However, uncharacteristically high growth rates over the past few years have made Zimbabwe a more popular option for high-risk investors. Due to heavy government restrictions on foreign investment in most industries, a properly structured Zimbabwe company is a necessity for Zimbabwe to be a viable investment choice for entrepreneurs;
    2. Zimbabwe has been a member of the World Trade Organization since 1995 and thus, enjoys all of the benefits that membership provides;
    3. Zimbabwe is gifted with plentiful resources in both the mining and agricultural industries, with diamond and gold deposits being particularly large;
    4. Zimbabwe has seen growth rates from 4.2% to 4.5% in the past two years. While this is significantly higher than rates over the past decade, the economy seems set to continue showing similar growth rates, at least in the short term;
    5. A Zimbabwe Limited Liability Company (LLC) requires only 1 shareholder and 1 director;
    6. Zimbabwe company formation is inexpensive and does not have a minimum share value;
    7. It is easy to open global corporate bank accounts to support Zimbabwe business registration. Healy Consultants works with internationally recognized banks to provide corporate bank account services;
    8. Zimbabwe is developing new Export Processing Zones (EPZs). Benefits for companies incorporated in these zones will include i) a five-year tax holiday, ii) duty-free importation of raw materials and capital equipment for use in the EPZ, and iii) no tax liability from capital gains arising from the sale of property forming part of the investment in EPZs;
    9. English is one of the official language of Zimbabwe and is spoken by 41% of the population, mostly from business and administration environment. Therefore, foreign investors will be able to communicate with employees, customers and suppliers with not much trouble.

    Disadvantages of Zimbabwe company registration

    1. The government of Zimbabwe has implemented restrictions on foreign ownership of Zimbabwe companies. Although some industries still allow 100% foreign-ownership, several lucrative industries, such as the mining industry, restrict foreigners to a minority-ownership;
    2. The economy of Zimbabwe is relatively fragile. In 2009, Zimbabwe was forced to abandon its own currency due to constant hyperinflation;
    3. Zimbabwe company setup is complex and time consuming, requiring an average of 90 days to complete;
    4. Zimbabwe is negatively ranked 150/169 in terms of corruption, according to the 2015 Transparency International Index, a global measure of corruption amongst public officials and politicians;
    5. A Zimbabwe LLC is liable for a corporate tax rate of 25%, and may be liable for a VAT rate of 15% as well;
    6. Zimbabwe was negatively ranked as the 175th freest economy over 178 economies in the Heritage Foundation’s 2015 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial investment and labor markets. A complete lack of monetary stability and having one of the world’s worst financial sectors were listed as the main reasons behind the poor rank;
    7. Zimbabwe is negatively ranked as the 125th most competitive economy over 150 economies in the world in the World Competitiveness Report 2016;
    8. Zimbabwe is negatively ranked as the 155th easiest country to do business in, over 189 countries according to the 2016 Doing Business Survey. The World Bank lists dealing with construction permits and resolving insolvency as the main barriers to business.
  • Best uses for a Zimbabwean company

    Best uses for a Zimbabwean company

    1. Zimbabwe is a great place to form a company in the agricultural and mining industries.

Company registration

  • Time to incorporate: Two weeks
  • Cost to set up: US$15,500
  • Minimum capital: US$0
  • Physical office required: Yes

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: Yes

Key facts

  • Corporate tax rate: 25%
  • Corporate tax base: Worldwide
  • Shelf companies: Unavailable
  • Main company type: Limited company

Contact us

For additional information on our business registration services in Zimbabwe, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Zhang Yi, directly:
client relationship officer - Zhang Yi