Registering Your Business?

What You Need To Know

Company registration frequently asked questions

  1. 1 to 5 options of a Company name
  2. Main Objects of the Company
  3. Company Physical Address and Email Address
  4. Directors Details i.e Full name and surname. ID Numbers and Physical Address
  5. Shareholders Details i.e Full name and surname. ID Numbers, Physical Address and Shareholding structure.
  1. 1 to 5 options of a Company name
  2. Main Objects of the Company.
  3. Company Physical Address.
  4. Shareholders Details i.e Full name and surname. ID Numbers, Physical Address and Shareholding structure.

Want to register a company in Zimbabwe but wondering which company type to choose? Below are the differences between PBC and PLC company you need to know before starting your booming business

We will not talk about the most noticeable difference of company registration cost of since this is justified below.

  1. Company size

PBC company is ideal for Small Medium Enterprises/Start-ups (SMEs). On the other hand, a PLC is suitable for large businesses like multinational companies wishing to expand into Zimbabwe’s market. This does not limit you to register your business as a PLC even when your business is small or still starting.

  1. Number of shareholder(s)

A PBC restricts ownership from 1 to 20 shareholders and on the other hand, a PLC can incorporate 1 to a maximum of 50 shareholders.  Also, a company cannot be a member of a PBC.

  1. Cost of operation

In terms of registration costs, a PLC becomes more expensive than a PBC. At the end of each accounting period every Private limited company is obliged to pay annual returns to the Registrar of Companies. A PBC is not mandated to submit any Annual Returns to the Registrar of Companies.

  1. Document outcomes

Different types Certificates are awarded when you register as a PBC or PLC company.

With PBC you get a Statement & Certificate of Incorporation which summarizes all your company information on one paper. On the other hand, after registration, PLC documents are Certificate of Incorporation, CR6, CR5 and a copy of the Memorandum and Articles of Association.

The majority of companies registered in Zimbabwe are Private Limited Companies (PLC’s). This is the best form of Private Company which enables you to trade and is preferred by most Tender boards. Private Limited Companies provide limited liability protection i.e. the shareholders personal finances and property is protected should the company face any financial problems.

Alternatively, if you wish to start small and still benefit from limited liability, you may opt to register a Private Business Corporation.

It will take about 5 minutes to fill in our company registration online application form where you will fill in your new company’s information. We will conduct an online company name search to determine if any of your preferred company names are available for registration and the results will be available within 24 working hours. We will then prepare and forward the company documents to the registry for final registration which usually takes between 5-7 working days and might take more days depending on the workload at the company’s registry.

You will receive a certificate of incorporation, memorandum and articles of association, CR 5 (Former CR 6) – list of addresses and CR 6 (Former CR 14) list if directors and secretaries when you register a Private Limited Company. When you register a Private Business Corporation you will receive a certificate of incorporation and a statement of incorporation.

Yes. Sanctum Business Consultancy offers online company registration in Zimbabwe. Just fill in your company registration online form and we will contact you as soon as we receive the application.

We accept many forms of payment including bank transfer, swipe, EcoCash, One Money. For international payments we accept Western Union, World Remit and Mukuru.

You do not need a tax clearance start trading. However, the law requires that every company be tax complaint. Other companies will not do business with a company that does not have a tax clearance.

Ready to Register?