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Company Formation · Zimbabwe

Set up a company in Zimbabwe.

Senior advisory on incorporation, banking and compliance in Southern Africa’s critical-minerals economy. We handle Companies Registry filings, ZIMRA, NSSA, ZIDA Investment Licence and bank introductions — with a fixed quote in 48 hours.

25% Corp. Tax
15% VAT
USD Widely Used
3-5 Weeks to Live
Why Zimbabwe

Southern Africa’s critical-minerals frontier.

Zimbabwe holds world-leading reserves of platinum, lithium, chrome and gold. For businesses targeting the global energy transition, agriculture, tourism or SADC trade — and willing to navigate a recovering economy — Harare offers genuine opportunity at a credible entry cost.

01

Critical-minerals superpower

Largest known lithium reserves in Africa, second-largest platinum reserves globally, plus chrome, nickel, gold and diamonds. Central to the EV battery and clean-tech supply chains for the next two decades.

02

USD-friendly multi-currency economy

The US dollar is legal tender and widely used alongside the Zimbabwe Gold (ZWG). For international businesses, this materially simplifies banking, invoicing and dividend repatriation compared to peer markets.

03

Highly educated workforce

One of the highest literacy rates in Africa. English is the language of government, business and law. Strong base of engineers, accountants and technical professionals — many trained internationally.

04

ZIDA one-stop investment shop

The Zimbabwe Investment and Development Agency consolidates investment licensing, sectoral approvals and tax incentives into a single window. Materially faster than the previous fragmented regime.

05

SADC & COMESA member

Direct preferential access to over 600 million consumers across Southern and East African regional blocs. Bilateral Investment Promotion and Protection Agreements (BIPPAs) with major economies.

06

Indigenisation rules largely lifted

The 51% local-ownership requirements have been substantially repealed under the "Zimbabwe is Open for Business" policy. 100% foreign ownership now permitted in most sectors — with narrow exceptions in some mining categories.

Business Structures

Choose the right entity. First time.

Under the Companies and Other Business Entities Act 2019 (COBE), Zimbabwe recognises seven structures. For most foreign investors, the Private Limited Company is the right answer. Here are the options that matter, and when each one makes sense.

Most common · Recommended

Private Limited Company (Pvt Ltd)

Separate legal entity, limited liability, full operating capacity. The default for foreign investors trading in Zimbabwe.

  • Min. 1 shareholder, 1 director (post-COBE)
  • 100% foreign ownership in most sectors
  • No formal minimum share capital
  • Annual audit and filing required
For listed or larger ventures

Public Limited Company (PLC)

Shares can be offered to the public and listed on the Zimbabwe Stock Exchange (ZSE) or Victoria Falls Stock Exchange (VFEX, USD-denominated).

  • Min. 7 shareholders
  • Min. 2 directors
  • VFEX listing allows USD-denominated trading
  • Full audit and disclosure regime
For foreign parent entities

Branch of a Foreign Company

An extension of an overseas parent, registered in Zimbabwe. Useful where the parent wants to operate directly without forming a local subsidiary.

  • No separate legal personality
  • Parent liable for branch obligations
  • Annual filings of parent and branch accounts
  • Local representative required
Pre-market presence

Representative Office

For market research, liaison and promotional activity only. Cannot conduct revenue-generating business or sign contracts.

  • No commercial trading
  • Lower setup and compliance burden
  • Often the first step before a full Pvt Ltd
  • Limited tax exposure
Costs & Timeline

What it costs. How long it takes.

Indicative ranges for a foreign-owned Private Limited Company. Final fixed quote depends on structure, shareholders and ongoing support level — we confirm within 48 hours of a discovery call.

Formation Cost
From $2,400
All-in incorporation: Companies Registry filings, ZIMRA tax registration, MemArts, registered office, government fees included.
Ongoing Compliance
From $420 /month
Bookkeeping, monthly tax filings, annual audit coordination, statutory filings, payroll for up to 10 staff.
Time to Live
3-5 weeks
From signed engagement letter to certificate of incorporation, tax clearance and operational bank account opened.
Note: Mining (especially platinum and lithium), banking, telecoms and certain reserved sectors require sector-specific licences which add cost and time. We flag these on the discovery call.
Quick Estimator

Get an estimate in 30 seconds.

Three quick choices. We’ll show you an indicative cost range, monthly support fee and time to live — then send a fixed quote within 48 hours.

Step 1 · Structure

Which entity type do you need?

Private Limited Company
Public Limited Company
Branch of Foreign Co.
Representative Office
Step 2 · Setup

What does your shareholding look like?

100% foreign-owned
Joint venture with local partner
Local majority
Step 3 · Services

How much ongoing support do you need?

Formation only
Formation + accounting & compliance
Fully managed
Your indicative estimate
Setup Cost
Monthly Support
Time to Live
Registration Process

From signed engagement to live entity.

The full Zimbabwean registration sequence under COBE 2019. We handle every step — you sign two or three documents and review progress weekly.

Name reservation

Check availability and reserve the proposed company name through the Companies Registry. Two backup names recommended.

Authority: Companies Registry · Timeline: 2-3 days

Memorandum & Articles of Association

We draft the constitutional documents to match the agreed share structure, director arrangements and business objects under COBE 2019. Certified as needed.

Drafted by G&G · Timeline: 2-3 days

Incorporation filing

Submit the application package to the Companies Registry: MemArts, completed forms, ID for directors and shareholders, evidence of fees paid. Certificate of Incorporation issued on approval.

Authority: Companies Registry · Timeline: 7-14 working days

ZIMRA registration & tax clearance

Apply for the company’s Business Partner Number (BPN) with the Zimbabwe Revenue Authority, plus Tax Clearance Certificate (ITF 263). Required before any commercial activity or banking.

Authority: ZIMRA · Timeline: 5-7 working days

VAT & PAYE registration

Register for VAT (mandatory above the turnover threshold) and PAYE if employing staff. We file and respond to ZIMRA queries on your behalf.

Authority: ZIMRA · Timeline: 5-7 working days

NSSA registration

Register the company with the National Social Security Authority. Required before payroll runs. Standard contributions: 4.5% employer + 4.5% employee.

Authority: NSSA · Timeline: 5 working days

Bank account opening

Introductions to banks that actively onboard foreign-owned Zimbabwean entities. USD and ZWG accounts opened in parallel; nostro accounts available for international transfers.

G&G banking introductions · Timeline: 2-3 weeks (parallel)

ZIDA investment licence & sectoral permits

Where qualifying — we apply for an Investment Licence with the Zimbabwe Investment and Development Agency to unlock incentives. Sectoral licences (mining, banking, telecoms) coordinated in parallel.

Authority: ZIDA + sector regulator · Timeline: variable
Laws & Regulations

The legal framework that applies.

A summary of the Zimbabwean legislation that governs incorporation, tax, employment, data, environment and intellectual property. We track changes and brief clients ahead of filing deadlines.

Corporate Law

Formation & governance

  • Companies & Other Business Entities Act, 2019 (COBE) — formation and operation
  • ZIDA Act, 2019 — foreign investment framework
Tax Law

Corporate & transactional

  • Income Tax Act — corporate income taxation
  • VAT Act — value added tax
  • Capital Gains Tax Act — CGT regime
Employment Law

Workforce & benefits

  • Labour Act, 1985 — contracts and conditions
  • NSSA Act — pension contributions
  • Occupational Safety & Health Act — workplace standards
Data Protection

Privacy & technology

  • Data Protection Act, 2021 — personal data handling
  • Regulator: Postal & Telecommunications Regulatory Authority (POTRAZ)
Environmental Law

Sustainability & permits

  • Environmental Management Act, 2002 — protection and EIA
  • Regulator: Environmental Management Agency (EMA)
Intellectual Property

Patents, marks & copyright

  • Patents Act
  • Trade Marks Act
  • Copyright & Neighbouring Rights Act
Why Grant & Graham

We’ve actually done business in Zimbabwe.

Senior advisers only

Every Zimbabwe engagement is led by a practitioner who has incorporated, banked and operated in Southern Africa — not by a junior reading the Companies Registry website.

Mining & critical-minerals expertise

We understand the Mines & Minerals Act, the Special Economic Zones regime, and the difference between exclusive and non-exclusive prospecting rights. We tell you what the contract will actually deliver.

USD & multi-currency banking

We know which Zimbabwean banks open meaningful USD accounts for foreign-owned entities, which offer nostro facilities, and where the FX repatriation rules will actually pinch.

Honest advice on jurisdiction

If Zimbabwe isn’t the right answer for your business — if Mauritius, South Africa or Zambia would serve you better — we’ll tell you on the discovery call. No commission gets in the way of the right answer.

Frequently Asked

Common questions about incorporating in Zimbabwe.

Can a foreign national or company own 100% of a Zimbabwean Pvt Ltd?
Yes, in most sectors. The Indigenisation and Economic Empowerment Act — which previously required 51% local ownership — has been substantially repealed since 2018. 100% foreign ownership is now permitted in almost all sectors under the ZIDA Act 2019. Narrow exceptions remain in certain sub-sectors of platinum and diamond mining; we confirm position by sector on the discovery call.
Is there a minimum share capital requirement?
There is no statutory minimum share capital for a private company under the COBE Act 2019. In practice, we typically recommend a nominal authorised capital of USD 1,000 or its equivalent, which is comfortable for most operating businesses and supports banking introductions.
What is the corporate tax rate?
The standard corporate income tax rate is 25%, plus a 3% AIDS Levy on the tax payable (giving an effective rate of approximately 25.75%). Mining sector operations are subject to a 25% rate plus royalty regime. Special Economic Zones can deliver lower rates and tax holidays for qualifying investments.
Can I operate in USD?
Yes. The US dollar is legal tender in Zimbabwe and the majority of formal commercial activity is conducted in USD. Most banks offer USD current accounts, the Victoria Falls Stock Exchange (VFEX) is USD-denominated, and dividends can be paid and repatriated in USD subject to tax compliance. The local Zimbabwe Gold (ZWG) is also accepted and is required for certain regulated tax payments.
Do I need a local director?
No. Under COBE 2019, there is no requirement for a Zimbabwean-resident director. A private company can be formed with a single non-resident director. However, banking relationships and certain sector licences are materially easier with at least one local director or representative in place — we advise case by case.
How long does it take to incorporate in Zimbabwe?
From signed engagement to a usable company — certificate of incorporation, tax clearance issued, statutory filings done and operational bank account live — typically 3 to 5 weeks. Pure incorporation (just the certificate) takes around 7-14 working days. ZIDA Investment Licence applications and sectoral mining licences extend the timeline.
Will I need to file annual accounts and audits?
Yes. All Zimbabwean limited companies are required to file annual financial statements and have them audited by a registered Zimbabwean auditor (Public Accountants and Auditors Board member). Annual returns must be filed with the Companies Registry, and annual tax returns with ZIMRA. We coordinate all of this through our ongoing compliance retainer.
What about the Victoria Falls Stock Exchange (VFEX)?
VFEX is Zimbabwe’s USD-denominated stock exchange, established to attract international capital. VFEX-listed companies enjoy attractive concessions including 5% withholding tax on dividends (vs 15% for ZSE-listed), exemption from capital gains tax for non-resident investors, and approved external currency status. For internationally-oriented businesses considering a public listing, VFEX is worth serious consideration.
Start the Conversation

Ready to set up
in Zimbabwe?

Tell us in 25 minutes what you need. We’ll tell you honestly whether Zimbabwe is the right jurisdiction, which structure makes sense, and what it will cost — with a fixed quote in 48 hours.