For starters, the law in Zimbabwe is mixed (civil and common law) law. You will want to get some local advice as to how to best structure a company in Zimbabwe. One is permitted to electronically sign documents.
The letters ZW is for Zimbabwe and the most common company type in Zimbabwe is a LLC, PLC.
The time to setup is usually 2 weeks to setup a LLC, PLC in ZW. The minimal capitalization is 0, This means you don't have any minimum share capital. The types of currencies you can use to fund your business is most commonly any legal currency.
Redomiciliation is not common.
There must be at least 1 shareholder. This makes it possible for you to own a LLC, PLC in ZW by yourself. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is allowed, up to 50% of the total shareholding.
A LLC, PLC is only required to have one director. Speaking of shareholders, corporate directors are not permitted. Directors are disclosed publicly. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for an office which can receive any lawsuit papers on behalf of the business. Furthermore, a company secretary is a requirement.
There is a legal obligation to file accounts on a yearly basis. Consequently, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Zimbabwe, Zimbabwe Government. Shareholders are disclosed in the Zimbabwe Government.
Typically companies take 2 weeks to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Zimbabwe is a bad option and have given it a score of 32 as an IO score, using the Incorporations.IO proprietary formula.
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