Company Registration in Zimbabwe-Mushcomms Business Solutions

Mushcomms Business Solutions reduces the hassles of registering your company in Zimbabwe, by taking over the tiresome procedures and act on behalf of their clients. We register both local and foreign businesses all at affordable rates.

Through mushcomms you may have your company registered within seven working days provided all required information is submitted to us in due time. We have been in this business for years and our service is secondd to non, in Zimbabwe.

From all provinces of Zimbabwe, we can register your company and deliver it to your physical address. For foreign investors contact us, there are processes followed by foreign investors.

Below is the process as per the last post by World Bank Group. Go to our contact details and contact us, you will not cease talking about our excellent service delivery.

+26339265531/+263773264741

killmore.muts@gmail.com

killmore@mushcomms.com

388 R Mugabe Way

Masvingo Zimbabwe

Reserve the company name with the Chief Registrar of Companies Agency: Chief Registrar of Companies The reservation is valid for 30 days and can be extended for another 30 days for an additional fee.7 daysUSD 5

2File the memorandum and articles of association with the Registrar of Companies Agency: Registrar of Companies The law provides for model or boilerplate articles of incorporation. On the date of incorporation, the Registrar of Companies must be notified of the appointments of the company’s directors and secretaries. This is done by filing the particulars of the directors and secretaries and any changes therein or a list of directors and principal officers (Form CR 14). These documents must be accompanied by a duplicate original or a printed notarized copy. Registration Fee is US$ 5 for every US$ 100 or part thereof of the nominal/authorized capital of the company with a minimum fee of US$ 100. In practice, companies usually start up with a low amount of capital to avoid the exorbitant stamp duty. A company may also issue shares at a premium to circumvent the requirement.14 dayssee comments

3Register with the tax authorities for income tax, VAT, and PAYE Agency: Tax authorities Upon formation, a company must register at the regional Zimbabwe Revenue Authority Office. A copy of the company’s certificate of incorporation is required for the Collector's records, along with the memorandum and articles of association and a certified copy of the identification of the assigned public officer. The company will be issued a registration number, as well as the current tax tables and the pay-as-you-earn (PAYE) receipt books. The P8 and P6 Forms now must be generated by the applicant and are not freely available. The ITF 16 Form must be completed in consultation with the Income Tax Office. According to Zimbabwe’s Finance Act (as amended), companies must now budget to pay all their company tax within the trading year. The tax must be paid as follows: 10% by the 25th of March, 10% by the 25th of June, 40% by the 25th of September, and the balance of the estimated tax for the tax year by the 20th of December. Firms with a turnover of US $60,000 must register for VAT with the Zimbabwe Revenue Authority (ZIMRA). An application must be submitted for a Certificate of Registration (Form VAT 1), which, along with Forms VAT 2 and VAT 3, is found at ZIMRA Web site (www.zimra.co.zw). Firms with a turnover of less than US $60,000 may apply for voluntary VAT registration.14 daysno charge

* 4Register with the National Social Security Authority for pension and Accident Prevention and Compensation Scheme Agency: National Social Security Authority The employer and the employee must each contribute 3% of employee the gross monthly salary.14 days (simultaneous with procedure 3)no charge

* 5Register with the Manpower Development Fund Agency: Manpower Development Fund Employers must register with, and contribute 1% of their wage bill to, the state-run Manpower Development Fund. The fund allows employers to recover expenses when employees complete training.1 day (simultaneous with procedure 3)no charge

* 6Pick up the form of license application notice from the City Health Department Agency: City Health Department The entrepreneur then retrieves the license application notice form from the City Health Department.1 day, simultaneous with procedure 3USD 20

* 7Advertise the application for a trade and business license in a local newspaper Agency: Newspaper A trade and business license applicant must publicly announce the proposed application twice in a local newspaper. The form, Notice of intention to apply for the issuance of a new license, is available from the City Health Department. The first notice must be published no more than 6 weeks, but at least 4 weeks, before the application will be heard by the licensing authority. The second notice must appear 7 days after the first notice. Any objections to the application must be submitted in writing to the licensing authority within 7 days of the second notice.34 days on average, simultaneous with procedure 3USD 30

8Submit an application form for the issuance of new licenses to the Licensing Office in Harare Municipality Agency: Licensing Office in Harare Municipality Two copies of the application forms are submitted along with proof of both publications in a local newspaper of a notice of intention to operate a business. On receipt of the application, the Licensing Office requests a police report from the applicant, as well as a similar report from the person who will be in actual and effective control of the premises to which the application relates, if that person is not the same applicant. The Licensing Office also seeks a report from the Harare Town Planner to ensure that the application is consistent with the zoned use of the premises. Application for the license can start once the Registrar of Companies grants its approval of the company name. It is also possible to apply for a temporary license pending the grant of the full license, which can take up to a month or longer.34 daysUDS 530

* 9Receive inspection by the Licensing officers Agency: Licensing Office in Harare Municipality Officers inspect the company site to check if the workplace premises are suitable for the intended use. The verification criteria used by the officers are specified in the relevant bylaws.1 day, simultaneous with previous procedureno charge

* Takes place simultaneously with another procedure.