Step-by-Step Guide to Starting a Business in Zimbabwe
This guide outlines the procedures for both local and foreign entrepreneurs aiming to start a business in Zimbabwe. It includes the steps, applicable fees, taxes, average durations, and relevant government agency links.
1. Choose the Appropriate Business Structure
Select a business structure: Private Limited Company (PLC), Private Business Corporation (PBC), or a Branch Office. Foreign investors can own 100% of a business, but at least one director must be a Zimbabwean resident.
2. Reserve a Company Name
- Submit a Name Reservation Form (CR21) to the Registrar of Companies.
- Visit: Zimbabwe Companies Registry
- Fee: Approx. USD $5–$10
- Duration: 1–2 working days
- Validity: 30 days
3. Prepare and Submit Incorporation Documents
Documents include Memorandum & Articles of Association, CR6 (address), CR14 (directors), and share certificates.
4. Obtain Certificate of Incorporation
After approval, the Registrar issues a Certificate of Incorporation confirming the company’s legal status.
5. Register with the Zimbabwe Revenue Authority (ZIMRA)
6. Register for VAT and PAYE
- Required if annual turnover exceeds VAT threshold or if employing staff.
- Handled by: ZIMRA
- Duration: Approx. 1 week
7. Open a Corporate Bank Account
Submit your incorporation documents, Tax Clearance Certificate, and identification documents.
Duration: 1–2 weeks (varies by bank)
8. Register with the National Social Security Authority (NSSA)
If employing staff, registration with NSSA is mandatory.
Visit: National Social Security Authority (NSSA)
Duration: 1 week
9. Obtain Trading Licenses and Sector-Specific Permits
Depending on your sector (retail, manufacturing, mining, etc.), obtain permits from the relevant local authorities or ministries.
Example for Harare: City of Harare
Duration: 1–4 weeks
10. For Foreign Investors: Apply for a ZIDA Investor License
Estimated Costs & Duration
- Total Time: 3–6 weeks
- Company Registration: USD $100–$150
- ZIDA License (foreigners): USD $1,100
- Professional Services (optional): USD $150–$300
Useful Links
Disclaimer:
This guide is intended for informational purposes only. Processes, fees, and requirements may change. For the most accurate and up-to-date information, please consult official government sources or qualified business consultants.