19/06/2020
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Types of Companies that can be registered in Zimbabwe
1. PBC - Private Business Corporation
* It is suitable for sole traders, start-ups & small to medium enterprises.
* can be formed by 1 member to 20 members only .
* It doesn't have much paperwork compared to PVT LTD & much cheaper as well.
* Only two objectives can be registered that a business can do.
* The out come regidsterd document is called STATEMENT OF INCOPORATION
* It operates the same as the PVT LTD it's just a smaller version of a PVT LTD company , can participate in an Tender , can obtain a Bank Account & a Tax clearance certificate.
2. (PVT) LTD - (Private) Limited
* It is suitable for medium to large enterprises
* Can be formed by 2 to 50 directors
* It have too much paperwork compared to PBC whereby there will need to graft your Memorandum of Association, Articles of Association, CR5, CR6
* There is no limit on company objectives
* A certificate of incorporation is obtained once registration is completed
* Tax clearance certificate, Bank Account, can therefore be applied for
3. TRUST - DEED OF TRUST
* It is suitable for Non-profit Making Organisations , NGOs, Churches
* It has a founder & board of trustees
* Paperwork defer depending on organisational objectives
* A Deed of trust is obtained once registration is completed
* Tax clearance certificate, Bank Account, can therefore be applied for.