Published
Sep 4, 2023
Updates:
Sep 16, 2024
Zambia
Price:
Delivery:
Legal forms:
Payment methods:
3 months
ZCC, ZRA, ZEC
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Zambia
$
3000
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Location
Capital
Official languages
Population
Currency
ISO 4217
Lusaka
Zambia
English
20,569,737
ZMW
Zambian Kwacha
Delivery
-
Certificate of incorporation
-
Articles of association
-
Meeting minutes
-
Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Zambia
FAQ for company formation in Zambia:
Q: What are the types of companies that can be formed in Zambia?
A: Companies that can be formed in Zambia are private companies, public companies, and foreign companies.
Q: What is the minimum number of shareholders required to form a private limited company in Zambia?
A: The minimum number of shareholders required to form a private limited company in Zambia is one.
Q: What is the minimum share capital requirement to form a private limited company in Zambia?
A: The minimum share capital requirement to form a private limited company in Zambia is K5,000.
Q: What are the steps involved in registering a company in Zambia?
A: The steps involved in registering a company in Zambia include reserving a company name, drafting company documents, submitting the documents to the Patents and Companies Registration Agency (PACRA), and paying the required registration fees.
Q: What are the documents required for company registration in Zambia?
A: The documents required for company registration in Zambia include a company name reservation certificate, memorandum and articles of association, and form 1 and 7.
Q: How long does it take to register a company in Zambia?
A: It takes approximately 10 to 14 working days to register a company in Zambia.
Q: Is it possible to register a company online in Zambia?
A: Yes, it is possible to register a company online in Zambia through the PACRA e-Registration portal.
Q: What are the taxes that a company in Zambia is required to pay?
A: A company in Zambia is required to pay corporate income tax, value-added tax, and other taxes depending on the nature of its operations.
Q: Is it mandatory to have a physical office in Zambia to register a company?
A: Yes, it is mandatory to have a physical office in Zambia to register a company.
Zambia has seen a steady improvement in its economy over the past few years. According to the World Bank, the country’s GDP grew by an average of 4.2% between 2015 and 2019. This growth was driven by increased investment in infrastructure, agriculture, and mining. In 2019, the country’s GDP was estimated to be $25.2 billion, with a per capita GDP of $1,845.
The country’s unemployment rate has also seen a steady decline over the past few years, dropping from 11.2% in 2015 to 8.2% in 2019. This is largely due to the government’s efforts to create more jobs through public works programs and other initiatives.
Inflation has also been kept in check, with the annual rate dropping from 8.2% in 2015 to 6.2% in 2019. This has helped to keep prices stable and has allowed the country to maintain a healthy balance of payments.
Overall, Zambia’s economy has seen steady growth over the past few years, and the government’s efforts to create jobs and keep inflation in check have been largely successful. With continued investment in infrastructure and other sectors, the country is well-positioned to continue its economic growth in the years to come.
In Zambia, both individuals and corporations are subject to taxation. The tax system is administered by the Zambia Revenue Authority (ZRA).
For individuals, the tax system is progressive, with higher earners paying a higher percentage of their income in taxes. The tax year runs from 1st January to 31st December. Individuals are required to file an annual tax return by 30th June of the following year. The tax rates for individuals range from 0% to 37.5%, depending on income.
For corporations, the standard corporate income tax rate is 35%. However, there are certain incentives available to encourage investment and economic growth. For example, new businesses in specific sectors may be eligible for a reduced tax rate of 15% for the first 5 years of operation. The tax year for corporations is the same as for individuals, running from 1st January to 31st December. Corporations are required to file an annual tax return by 30th June of the following year.
Tax payments can be made either in advance or in arrears, with advance payments required on a quarterly basis. In addition, value-added tax (VAT) is levied on most goods and services at a rate of 16%. VAT returns must be filed on a monthly basis. The ZRA offers an online platform for tax registration, filing, and payment, as well as various other tax-related services.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
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