Company registration in Zambia

Name of service Bronze Silver Gold Platinum
Company name check and reservation with the Patent and Companies Registration Agency (PACRA) Verifying the availability and reserving of your preferred company name in the registry
Provision of Name clearance certificate A name clearance certificate is a document that confirms that a proposed company name is available and can be registered. It is issued by the Patent and Companies Registration Agency (PACRA). A name clearance certificate is required for the registration of a new company in Zambia. It is also required for certain other purposes, such as applying for a trade license or opening a bank account
Registration of a company in the form of a private company limited by shares (PLA) Preparation and submission of all required documents to the relevant government authorities for company registration, ensuring a streamlined process for our clients
Payment of all necessary fees and charges for company registration Payment of all applicable government fees for successful company registration
Article on the Association Preparation of the memorandum of association, which defines the procedure for the creation of the company; the authorized capital of the company; the size and nominal value of the shares of the founders, as well as the order of payment
Memorandum of Association This document outlines the company's internal regulations, including details about the company's name, purpose, share capital, management structure, decision-making processes, and other important provisions
Assistance with authorized capital contribution Assistance in registering the authorized capital of your company for successful incorporation
Certificate of incorporation This certificate is an official document issued by the Patent and Companies Registration Agency (PACRA). It confirms the company's registration and includes information such as the company's name, registration number, legal form, registered address, shareholders, management structure, and other relevant details
Zambia Revenue Authority (ZRA Tax) registrations Gathering, processing and filing the necessary paperwork for registration with Zambia Revenue Authority (ZRA)
Obtainment of a tax identification number (TPIN) Collecting, preparing and filing the necessary documents for obtaining a TPIN number for your company
Obtainment of City Council business and health permit The City Council business permit allows you to operate a business within the city limits, and the health permit ensures that your business meets all applicable health and safety standards
Company seal Production of the company seal
Assistance in opening a corporate bank account in First National Bank or Zanaco Bank Collecting, processing and filing the necessary documents for opening a corporate account with a local bank
Provision of a local secretary for 1 (one) year Provision of a local secretary for your company. This means we provide you with a local contact person who will ensure communication between you and the authorities, banks or other parties in Zambia
Provision of 1 (one) local director for 1 (one) year As the company must have at least two directors, 50% of whom must be local residents we can provide you with a local director to fulfill this requirement
Free Consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need
Total cost
2900 USD 7900 USD 9500 USD 14900 USD
Provision of a legal address for 1 (one) year
300 USD 300 USD 300 USD 300 USD
Remote company registration with transfer of authority
750 USD 750 USD 750 USD 750 USD
Accounting services
500 USD 500 USD 500 USD 500 USD

Deal of the month

If you will register a company until 29th of February,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Zambia is one of the African countries that are growing fast. The jurisdiction has developed mining, agricultural, and tourism sectors. The country also encourages foreign investments. If you wish to create a company in Zambia or buy an existing one, these options are most common and promising.

Major Forms of Legal and Business Presence

If you would like to form a company in Zambia, the next registration options are available:

  • Private Company Limited by Shares – a business entity that can be incorporated by two or more persons whose liability is restricted to the amounts unpaid for their shares. This entity is not allowed to publicly offer its shares and transfer such freely to third parties. It should be noted that a maximum of 50 shareholders is allowed for this type of entity. The minimum amount of chartered capital for it constitutes K 15,000.
  • Public Company Limited by Shares – an entity that is allowed to offer its shares to the general public and transfer its shares freely. The holders of such shares don’t bear liability in excess of the funds invested in such shares. The minimum amount of chartered capital for it is K 1,000,000.00.

Registration Requirements and Steps

If you wish to open a company in Zambia, the following basic registration steps are necessary to pass:

  1. Defining your commercial priorities you wish to realize through a local entity.
  2. Choosing and checking a business name for a future company.
  3. Collecting details about the company's founders, beneficiaries, and officials.
  4. Selecting a registered address for an enterprise.
  5. Drafting statutory and registration documents.
  6. Submitting the required registration package to the registrar.
  7. Registration for tax and social security purposes.
  8. Opening a corporate bank account.
  9. Obtaining licenses and special permits (required for certain types of regulated activities only).

Legal and Regulatory Framework

The local framework is advantageous for non-residents and is not associated with restrictions, except for certain sectors of the economy and cases only. For instance, owning land in Zambia requires getting a respective license. Getting a license is also required for certain regulated types of activities, like banking, insurance, financial, and others.

The principal legal acts in the area of doing business are the Registration of Business Names Act and the Companies Act. Major legal authorities are the Patents and Companies Registration Agency, the Zambia Revenue Authority, the Zambia Development Agency, and the Securities and Exchange Commission of Zambia.

Tax System of Zambia

If you intend to buy a company in Zambia or incorporate a new one, the following tax highlights should be taken into consideration also:

  • Corporate income tax rate – 35%
  • Personal income tax rate – 37.5%
  • Valued-added tax rate – 16%
  • Withholding tax rates (for non-residents) – (i) dividends – 20% (ii) interests – 20% (iii) royalties – 20%
  • Capital gains tax – not applicable

Advantages of the Jurisdiction

An option of company registration in Zambia may be beneficial for your business in view of the next advantages this jurisdiction offers:

  • The process of company registration is straightforward.
  • Special economic zones are available in the country.
  • Foreign investors generally should pay comparatively low employment-related costs.
  • Tax exemptions and incentives are available to foreign businessmen.

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