| LLC | PLC | Rep Office | Branch Office | |
|---|---|---|---|---|
| Company Setup Time | 10 days | 8 weeks | 5 weeks | 6 weeks |
| Bank Account Opening | 6 weeks | 6 weeks | 6 weeks | 6 weeks |
| Government Grants Available | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | No | No |
| Legal Liability | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
The Zimbabwe Limited Liability Company
- The LLC is an option used to start small and medium enterprises in Zimbabwe. The minimum requirement for an LLC is the election of at least a single director and shareholder. These can be occupied by national or international citizens. The Zimbabwe Companies Act does not have strict initial capital requirements for an LLC. Therefore, the investors are free to elect the share capital during registration procedures.
- The Office of the Registrar does not require annual external audit reports.
The Zimbabwe Publicly Limited Company
- The shares of a publicly limited company should be publicly traded on the Stock exchange of Zimbabwe. While incorporating a PLC can declare any percentage its share capital. A company with share capital USD 100 would have an incorporation fee of USD 5. The fees will be charged proportionate to the capital size of the entity, however there is a minimum fee of USD 100. A PLC is required to have at least one director and a minimum of two shareholders.
- A PLC is required to appoint an auditor and submit annual financial reports.
The Zimbabwe Branch
- International organizations can incorporate a branch office to start business activities in Zimbabwe. The Parent company should incorporate the entirety of operational scope. Similarly, an autonomous management team and bank account for the corporate entity should be established for the branch office.
The Zimbabwe Representative Office
- A representative office may be wholly owned by an international entity. The office is not permitted to make direct sales in Zimbabwe. The office may engage in;
- Market Survey and market research
- Marketing or promotion of the parent company.