How To Register A Company Name In Zambia
We do the company name screening in 200 countries contact us. The minimum share capital required to incorporate the PLC is US10000.
In terms of the Companies Act 2008 a for profit company eg.
How to register a company name in zambia. 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. - Well submit the proposed company name s for reservation with the Companies Commission. Like for an LLC one of the directors must however be resident in Zambia.
They are two ways. Cities with most corporate headquarters. The Companys Act Cap 388 governs the registration of companies in Zambia.
This is the quickest way to register a company. Visit PACRA offices and fill in the Name Clearance form called Application for registration re-registration of business name BN Form III. TPIN is a unique ten-digit computer-generated number allocated to a taxpayer upon registration with the Zambia Revenue Authority ZRA.
You can also start the registration process online where you need to. - The first available company name will be reserved. Name clearance documentation and all other processes you go through are.
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. The Zambian public limited company Public company Setting up a Zambia PLC requires at least 2 shareholders and 2 directors of any nationality. To register a sole proprietorship one needs to buy Business Name Form number 111 BN Form 111 which is a form designed for individuals registering businesses.
It is a prerequisite for any transaction with ZRA concerning taxes be it Domestic Taxes or Customs Services. Forms to be completed. When a company is registered without a reserved name its registration number automatically becomes the company name with South Africa as the suffix.
Tpin registration customs and excise domestic taxes land and property. Upon submission you will pay a non refundable fee of ZMW 500000 approximately US 51800. The groceries butcheries tailoring shops stationery shops hardware shops and others hang their business of registration certificates on the walls.
Private company may be registered with or without a company name while a not for. Outlines Step by Step Process of Registering a business in Zambia Online with PACRA. Land ownership procedure immigration.
- The company application with the approved name and supporting documents will be filed for registration. All bank account holders are also required to obtain a TPIN. Zambia business licensing information portal.
A business name is defined as the name or style under which any business is carried on whether in partnership or otherwise other than the true names of an individual. Any two or more persons can incorporate a company under the Companys Act. Registration is done at the Patents and Companies Registration Office.
For a body corporate. The Patents and Companies Registration Agency PACRA is a semi-autonomous executive agency of the Zambian Ministry of Commerce Trade and Industry. The persons will be required to submit the following documents.
Visas and permits. If you are planning to file for a trademark or to register a new company name in Zambia it is a good idea to do preliminary worldwide screening in order to reduce the cost of an exhaustive search. Application for name clearance in order to avoid use of an existing or similar name Application for incorporate.
To register a business name submit one of the following forms along with the registration fee 40 for paper filing20 for electronic filing to the CRO within one month of adopting the business name. Procedures for Registering A Business Name in Zambia. Name clearance local company business name tax clearance.
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 to be.
