Company & Tax Registration
We can assist you with Company Registration, Vendor Number, Procurement Regulatory Authourity of Zimbabwe (PRAZ), Zimra Tax Clearance, NSSA Registration, & Bookeeping Services.
Private Limited Company
Private Business Corporation
A PBC can only have a maximum of 20 shareholders. Only individuals or natural persons are allowed to be sharaholders. Companies or organisations are not allowedto be sharaholders.
Procurement Regulatory Authority of Zimbabwe
Company Registration Zimbabwe
Private Limited Company (PLC) & Private Business Corporation (PBC)
Litfy Africa is a registered company that offers professional company & tax registration services. We have partners at the registrar of companies and results are guaranteed 100%. Furthmore quick rate of delivery and 100% success is guaranteed.
PLC is best suited for medium to large enterprise. It has a legal persona of its own separate from its owners. Can have a maximum of 50 directors. Shareholders are owners and they can appoint different directors. Organisations can also be shareholders. It is supposed to produce annual returns. It offers limited liability to owners.
PBC is mainly for small to medium businesses and sole traders. It can have a maximum of 20 directors and comprises of members. Does not need annual returns, financial returns and articles of association.
PLC & PBC Requirements
Note that PBC have only one object as compared to PLC.
Tax Consultancy in Zimbabwe
ZIMRA Registration, Tax Returns & Tax Clearance
ITF263 Tax clearance certificate
Tax Clearance Certificate is issued by the Zimbabwe Revenue Authority (ZIMRA). Income tax registration is mandatory for all companies doing business in Zimbabwe.Businesses are required to register for tax and comply with all the obligations imposed by the Income Tax Act [Chapter 23:06] (“Income Tax Act”).
A business cannot file tax returns without registering for tax.All clients, including individuals, companies, partnerships and cooperatives who want to venture into any business are required to register with ZIMRA.
Zimra Registration & Tax Clearance Certificate
Procurement Regulatory Authority of Zimbabwe (PRAZ)
If you need your company to be involved in public tenders, compete for big business and to supply the government and any agencies or institutions that the government controls (eg The City Council) you need to register with PRAZ for the category of goods/services under which that tender falls. PRAZ is responsible for controlling and regulating the procurement processes of government departments, ministries and parastatals.