Private Business Corporation (for SMEs)

Requirements for registration of a private business corporation

A PBC has a few limitations compared to a Company

• The number of members is limited to twenty
• Its objects are limited to what you state when applying
• Some foreign countries do not recognise the local PBC if you intend to contract formally with foreign businesses or get banking facilities outside Zimbabwe

Otherwise a PBC is cheaper and has much less paperwork than a company

The following are the requirements for registration:

1)    Desired name

2)    Names, addresses and ID numbers of at least one member

3)    Address of the business

4)    Object of the business

5)    Capital contributions of each member (cash, assets being contributed into the business)

6)    Name of accountant (one of the members has to have an accounting or bookkeeping qualification  or we can be your accountants)

7)    The fee is $100

To register, send a list of your preferred names, or request a list of available names, by emailing chichonip@smebusinesslink.com, or call +263 777 774 007.

Or visit us at : Admiral Business Systems (Pvt) Ltd , Office No 308, 3rd Floor Merchant House

Robson Manyika / 2nd Street, Harare , Zimbabwe

Phone Phillip Chichoni 0777 774 007, or Christine on 0772 854 301

Email: chichonip@smebusinesslink.com