How To Register A Company Zambia
All bank account holders are also required to obtain a TPIN. I have compiled the form you need to complete the registration for you to review.
Name clearance documentation and all other processes you go through are.
How to register a company zambia. Registration is done at the Patents and Companies Registration Office. Hence one can register. It is a prerequisite for any transaction with ZRA concerning taxes be it Domestic Taxes or Customs Services.
NAME CLEARANCE LOCAL COMPANY BUSINESS NAME TAX CLEARANCE. Decide on a Corporate Structure. The abbreviation ZM is for Zambia and the most common company type in Zambia is a LTD.
If you are a company already registered in your home country You will approach PACRA the registrar of patents and business in Lusaka Zambia with all the documents of your company and collect relevant forms to be filled. You can register a business name alone as a sole proprietor or with partners. TPIN is a unique ten-digit computer-generated number allocated to a taxpayer upon registration with the Zambia Revenue Authority ZRA.
For starters the law in Zambia is mixed common and customary law law. One of the easiest and quickest ways to start running a business in Zambia is to register a business name. There must be at least one documentary agent a firm corporate body registered in Zambia or an individual who is a resident in Zambia.
Outlines Step by Step Process of Registering a business in Zambia Online with PACRA. Doing Business Company Registration in Zambia Zambia at a Glance. The minimum share capital required to incorporate the PLC is US10000.
They are two ways. Upon submission you will pay a non refundable fee of ZMW 500000 approximately US 51800. You will want to get some local advice as to how to best structure a company in Zambia.
Getting Started with a Florida Business. Like for an LLC one of the directors must however be resident in Zambia. Form a Profit or Non-Profit Corporation.
Any two or more persons can incorporate a company under the Companys Act. A business name is the name your business operates under. A certified copy of the Certificate of Incorporation from the country of origin must be attached to Form 46.
REGISTRATION OF A BUSINESS NAME UNLIMITED COMPANY After successful name clearance procedure one can register a business name at the PACRA offices by making payments at the cashiers office. The Business Names Act No. Did you Know that Zambia is a country endowed with minerals and the 2nd Largest Producer of Cobalt the 7th Largest Producer of Copper also the home of the Victoria Falls one of the Seven Natural Wonders of the World.
Profit Articles of Incorporation Non-Profit Articles of Incorporation. Patents and Company Registration Agency Browse More Licenses. For this particular process on how to start a business in Zambia one applicant has to visit the PACRA offices.
The process of TPIN registration has now been made easier because of the online registration platform available. Business Start Up Procedure. The maximum number of partners for a business operating as a business name is 10 individuals.
The Zambian public limited company Public company Setting up a Zambia PLC requires at least 2 shareholders and 2 directors of any nationality. It typically takes about 7 weeks to incorporate a LTD in ZM. The Patents and Companies Registration Agency PACRA is a semi-autonomous executive agency of the Zambian Ministry of Commerce Trade and Industry.
Research Starting a Business. Start a Business Step 1. REGISTRATION LICENSES AND PERMITS COMPANY FORMATION AND REGISTRATION The Companys Act Cap 388 governs the registration of companies in Zambia.
Identify Your Type of Business. You are issued with a form of which you have to complete the. It is important to note that the forms might be wedged with articles.
Business is carried on whether in partnership or otherwise other than the true names of an individual. 16 of 2011 of the Laws of Zambia governs registration of a business name. TPIN REGISTRATION CUSTOMS AND EXCISE.
It takes no longer than five minutes. Its principal functions are to operate a legal system for registration and protection of commercial and industrial property and to serve as a legal depository of the information tendered for registration. Find detailed requirements to operate a business in Zambia.
The Registration of Business Names Act makes mandatory for every individual or firm with a place of business in Zambia and carrying on business under a business name.
