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The requirements for company registration (PBC or PLC)

• 1 to 4 proposed names for your company, these need to be submitted in order of priority. So you start with the name you want the most and then list the rest ending with the one you want the very least.
• The core business that of the PBC or PLC. These will be the main objects of the company
• The full names and ID numbers of between 1 to 20 members for a PBC. These will serve as the shareholders and directors of the Private Business Corporation. This is equivalent to the CR14 on the Private Limited Company. In a PBC this goes on the Statement of Incorporation.
• The full names and ID numbers of at least 1 shareholder for a PLC. These will serve as the shareholders or owners of the Private Limited Company. In addition to the shareholders, a Private Limited Company requires at least 2 directors. These can be the same as the shareholders or they can be employees. The shareholders go in the Articles of Association and the directors go on the CR14.
• Each member’s interest or stake or share in the PBC or PLC. The total interest of all the members combined must be 100% in a PBC.
• Physical and postal address of the business. In a PBC this goes on the Statement of Incorporation and in a Private Limited Company it goes on the CR6.
• Each member of the PBC must sign the Incorporation Statement before the Registrar affixes his seal, stamp and signature. In a PLC the shareholders must sign and state the number of shares they are taking in the Articles of Association.
• A budget of $70 for the basic PBC registration up to $280 if you get optional member certificates, PBC by-laws, ZIMRA bank opening letter and ZIMRA ITF263 tax clearance certificate. A budget of $250 for the basic PLC registration up to $440 if you get optional member certificates, ZIMRA bank opening letter and ZIMRA ITF263 tax clearance certificate.