Zimbabwe
Corporate Guide

Are there any post-incorporation requirements that need to be satisfied in Zimbabwe? For example, registrations for tax purposes or business licences.

• A company must submit an annual return no later than 21 days after the date of the anniversary of its incorporation.
• If after the formation of a private company, any shareholder of a private company becomes the nominee shareholder for a beneficial owner who holds more than 20% of the shares of that company, the nominee shareholder shall within 30 days of becoming the nominee shareholder, disclose the particulars of such beneficial ownership to the company secretary, who shall transmit such particulars to the Registrar.
• A company must hold its first annual general meeting after 12 months from incorporation. Once a company has held its first annual general meeting, the company secretary must file a declaration of the meeting.
• Every company shall file with the Commissioner in charge of the department of the Zimbabwe Revenue Authority a copy of the memorandum and articles of association constituting the company within 30 days of its incorporation or registration for tax purposes.
• Where the company commences trading, it is considered 'active' for income tax purposes, and it must be registered with the Zimbabwe Revenue Authority within 30 days of any form of business activity taking place.
• The company must also register for any relevant business licences before commencing trading.