How To Register A Company In Zambia Pdf

14 Jan, 2021

Registration of Business Names Act to be registered. The issuance and sealing of the Certificate of Registration marks the end of the process for registration.

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- Youll receive a confirmation email with a reference number for payment.

How to register a company in zambia pdf. 24 of 2011 imple-mented by the Patents and Companies Registration Agency PACRA. 0 NAME CLEARANCE 11 A company intending to apply to operate as a microfinance institution shall be. The Zambia Revenue Authority ZRA is an implementing agency of Government mandated to assess and collect tax and advise the state on aspects of tax policy.

ZAMBIA INSTITUTE OF ESTATE AGENTS ZIEA PAID UP FULL MEMBERS ASSOCIATE MEMBERS STUDENT MEMBERS AND CORPORATE MEMBERS FOR 2020. You will want to get some local advice as to how to best structure a 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.

Branch registers of foreign companies kept in Zambia 54. Submit your application online. For starters the law in Zambia is mixed common and customary law law.

The Zambian Companies Law allows 100 ownership of branches of foreign companies. Power of court to rectify register 51. The Companys Act Cap 388 governs the registration of companies in Zambia.

Register to be evidence PART IV SHARES AND SHARE CAPITAL. Box 30819 Kwacha House Annex Building Cairo Road Lusaka Zambia Tel. It typically takes about 7 weeks to incorporate a LTD in ZM.

You need to visit PACRA offices to register a company in Zambia. Development Bank of Zambia and National Savings and Credit Bank The licensing requirements may vary slightly depending on the category of financial institution. Registering a Company in Zambia.

To register a company in Zambia is a right for those who wish to associate and form themselves into a company pursuant to the Companies Act Cap 388 of the common Laws of Zambia. 389 c a business name whether of an individual or of a firm in which he is a partner under which he or the firm has at the commencement of this Act been registered for not less than three years under the Registration of Business. The Lusaka One Stop Shop PO.

Company may keep branch register 52. K83 for application of name clearance. The WHT rate for management and consultancy fees for non-residents is 20 and is the final tax.

Any two or more persons can incorporate a company under the Companys Act. 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. Duties in case of securities registered in branch register 53.

Registration is done at the Patents and Companies Registration Office. Company will only be added to the company registration queue after the proposed name has been approved. Four copies of articles of association.

If all proposed names fail then the company will still be registered using the companys enterprise number as the company name. This information can also be found at the Patents and Companies Registration Agency PACRA website. Companies with local shareholders benefit from an even more advantageous 7 rate.

The Patents and Companies Registration Agency PACRA is a semi-autonomous executive agency of the Zambian Ministry of Commerce Trade and Industry. Or their offices at Mwayi. At least two company directors.

- Select your company type above and complete the online application. A branch of a foreign company is considered as a foreign entity in Zambia. Business is carried on whether in partnership or otherwise other than the true names of an individual.

- To speed up your registration please use the reference number when making payment. No notice of trust 55. A It should be noted that Withholding 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.

A foreign company is required to have a local repre- sentative who can be a Zambian or a resident foreigner. In the Republic of Zambia business registration is governed by the Companies Act No. The persons will be required to submit the following documents.

You will be given some forms which you need to fill. To start the process of company registration in Zambia you will need the following. The abbreviation ZM is for Zambia and the most common company type in Zambia is a LTD.

The registration fee is enclosed. You will have to apply for another name and when its approved you will have to follow a company name change process. All businesses start with PACRA.

We the undersigned are consented to direct the affairs of the proposed co-operative society as required by subsection 2 of section thirty-eight of the Co-operative Societies Act until our successors are elected at the first annual general meeting held after registration of the co-operative society. Once the registration of a company is successfully done at the Patents and Companies Registration Agency PACRA one needs to register with ZRA for a tax payer identification number TPIN. Zambia Institute of Estate Agents was established under Act 21 of 2000 of the laws of Zambia with responsibility of regulating the practice and Business of Estate Agency in Zambia.

The Zambian branch office. The scope of operations for this entity will be defined by the branchs parent.

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