How To Register A New Company In Zambia
The process of TPIN registration has now been made easier because of the online registration platform available. The documentation requirement may be obtained from the Office of the Registrar of Companies.
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Name clearance documentation and all other processes you go through are.
How to register a new company 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. Like for an LLC one of the directors must however be. The Zambian public limited company Public company Setting up a Zambia PLC requires at least 2 shareholders and 2 directors of any nationality.
Private company may be registered with or without a company name while a not for profit company must have a name. In terms of the Companies Act 2008 a for profit company eg. At least one and not more than nine local directors must be appointed as directors of a foreign company.
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. All bank account holders are also required to obtain a TPIN. Tax is deductible from a payee who is not in business in Zambia but renders a service to a person carrying on business in Zambia.
Hence one can register. Find detailed requirements to operate a business in Zambia. It typically takes about 7 weeks to incorporate a LTD in ZM.
The following documents need to be submitted along with the foregoing. The following are the requirements for registering a foreign company in Zambia. You can also start the registration process online where you need to.
One Stop Shop contact information is listed at the bottom of this section. - The company income tax number will also be sent to you via email and SMS. Patents and Company Registration Agency Browse More Licenses.
TPIN is a unique ten-digit computer-generated number allocated to a taxpayer upon registration with the Zambia Revenue Authority ZRA. A new taxpayer will be required to register as stated above and they will use their estimated turnover on the registration. When a company is registered without a reserved name its registration number automatically becomes the company name with South Africa as the suffix.
Licenses are examined within three working days. The Companys Act allows foreign companies to register with the Registrar of Companies within 28 days of setting up or acquiring an established place of business. - The company application with the approved name and supporting documents will be filed for registration.
Procedures for Registering A Business Name in Zambia. NAME CLEARANCE LOCAL COMPANY BUSINESS NAME TAX CLEARANCE. THE INVESTMENT LICENSE The Zambia Development Act No.
It will be necessary to register for all eligible tax types at initial registration. Business Start Up Procedure. TPIN REGISTRATION CUSTOMS AND EXCISE.
The company registration certificate will be emailed to you - Youll receive the COR143 company registration certificate via email from us. The minimum share capital required to incorporate the PLC is US10000. Business is carried on whether in partnership or otherwise other than the true names of an individual.
This business entity has. The abbreviation ZM is for Zambia and the most common company type in Zambia is a LTD. Visit PACRA offices and fill in the Name Clearance form called Application for registration re-registration of business name BN Form III.
REGISTRATION Registration with the Securities Exchange Commission The first step would be for the company to convert to a public company and then to file in a registration statement accompanied with an application letter sent through a Designated Advisor DA. You will want to get some local advice as to how to best structure a company in Zambia. It is a prerequisite for any transaction with ZRA concerning taxes be it Domestic Taxes or Customs Services.
Outlines Step by Step Process of Registering a business in Zambia Online with PACRA. 11 of 2006 provides for investment incentives and investment. Version Download 29383 Total Views 11810 Stock File Size 112 MB File Type Create Date June 14 2017 Last Updated February 15 2019 Download NAPSA - Employer and Employee registration.
If you are coming to set up a new business in Zambia you will be required to have a local address and at least one local Zambian representative in your share structure and he or she must have either an equal or higher share percentageThen will go ahead and register with Zambia revenue authority and NAPSA. It will cost ZMW 70700 or USD 7326 and will take two days. For starters the law in Zambia is mixed common and customary law law.
The Patents and Companies Registration Agency PACRA is a semi-autonomous executive agency of the Zambian Ministry of Commerce Trade and Industry.
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