A Private Limited Company is the most common company structure in Zimbabwe. It has limited liability which means shareholders are only responsible for the companies debts up to the number of shares they own in the company. A Private Limited Company requires at least 2 (two) directors and a maximum of 50 (fifty) and also limits the number of shareholders to 50 (fifty).

No. You can register a company as a non Zimbabwean resident from most locations in the world. However, you will require to have at least one director who is ordinarily a resident of Zimbabwe and a Zimbabwean address. Have a look at our Non-Residents Package.

• A Private Limited Company allows another company or organisation to own shares in the business.
• The Private Limited Company is the most popular form of business incorporation in Zimbabwe.
• A Private Limited Company makes it easy to separate between members/ owners or shareholders and directors/ employees.
• The members/ owners or shareholders have limited liability.
• Transfer of ownership is easy.
• A Private Limited Company can employ an unlimited number of employees.
• A Private Limited Company is not limited in terms of how much revenue it can make.

• A Private Limited Company can be de-registered by the Registrar of Companies if it does not submit annual returns for more than 2 years.
• Has slightly more legal requirements than a PBC.
• A Private Limited Company pays annual returns at the Registrar of Companies. PBCs now pay this also under the new Act.
• A Private Limited Company is slightly more expensive to register and run

• A Private Limited Company (PLC) is a legal entity.
• Audited financial statements are required for Private Limited Companies.
• Meetings are compulsory and are held as general or extraordinary general meetings.
• Private Limited Companies (PLCs) can become shareholders in other companies.
• The shareholders or owners of a Private Limited Company are called members.
• The members/ owners or shareholders of a PLC are not personally liable for the debts of a Private Limited Company.

The Companies and Other Business Entities Act (Chapter 24:31) allows for the registration of 5 different types of companies namely:

• Private companies (the most common type).
• Public companies (those listed on the Zimbabwe Stock exchange).
• Companies limited by guarantee (mostly used for Non-Profit companies, this form of company does not have shares).
• Co-operative companies (formed with the purpose of providing service to its members).
• Foreign companies (mostly used for a company registered outside Zimbabwe that wants to trade in Zimbabwe)

The PLC Premium Package  is the best. It affords you everything that is by law required to be acquired for one to be legally compliant. This gives you peace of mind.

An annual return must be filed at the Companies Registry at least once every 12 months. This service is renewable annually, ensuring you do not miss a filing date in the future

• The members of a Private Limited Company (PLC) are the registered owners or shareholders of the company and are listed in the Memorandum and Articles of Association.
• Any changes in respect of the members of the Private Limited Company (PLC) must be notified to the Department of Companies & Intellectual Property (DCIP).
• Non Zimbabweans may be members of a Private Limited Company (PLC), provided that they have at least one director who is resident in Zimbabwe.
• A Private Limited Company can have a minimum of one (1) member and a maximum of fifty (50) members. However there are no limitations in respect of the number of employees in a Private Limited Company.
• If a member of a Private Limited Company (PLC) is under 18, the registration document must be signed by a parent or guardian on their behalf.