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Registration, Licenses and Permits

The document outlines registration requirements for companies in Zambia including submitting an application for name clearance, articles of the company, statutory declaration of compliance, consent from directors and secretaries, and declaration of guarantee if a limited company. It also discusses requirements for an investment license such as proof of finance and business plan. Finally, it lists permits required for certain sectors including self-employment and employment permits, and documents needed to apply such as photos, bank statements, certificates of incorporation and investment.

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32 views2 pages

Registration, Licenses and Permits

The document outlines registration requirements for companies in Zambia including submitting an application for name clearance, articles of the company, statutory declaration of compliance, consent from directors and secretaries, and declaration of guarantee if a limited company. It also discusses requirements for an investment license such as proof of finance and business plan. Finally, it lists permits required for certain sectors including self-employment and employment permits, and documents needed to apply such as photos, bank statements, certificates of incorporation and investment.

Uploaded by

Demus
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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REGISTRATION, LICENSES AND PERMITS

COMPANY FORMATION AND REGISTRATION

The Company’s Act Cap 388 governs the registration of companies in Zambia.
Registration is done at the Patents and Companies Registration Office. Any two
or more persons can incorporate a company under the Company’s Act. The
persons will be required to submit the following documents:

• Application for name clearance, in order to avoid use of an existing or


similar name
• Application for incorporate by subscribing the names of directors and
secretaries of the company
• Articles of the company
• Statutory declaration as to compliance with the Company’s Act
• Signed consent to act as director or secretary by each person named in the
company’s application
• Declaration of guarantee, if a company is limited by guarantee.

The minimum share capital of a company is K5,000,000. The law requires that
half the directors of the company be resident in Zambia.

All companies are required to submit annual returns with the Registrar of
Companies within three months after the end of the financial year or one month
after the Annual General Meeting if it is held within three months after the
financial year.

The Company’s Act allows foreign companies to register with the Registrar of
Companies within 28 days of setting up or acquiring an established place of
business. The documentation requirement may be obtained from the Office of
the Registrar of Companies.

THE INVESTMENT LICENSE

The Zambia Development Act No. 11 of 2006 provides for investment incentives
and investment guarantees.

Applications for an Investment License should be submitted to the Zambia


Development Agency, a statutory body mandated by government to foster
economic development through a whole Zambia strategic view that will increase
investment and trade levels across the whole country.

1
The major documents required to support an application for an Investment
Certificate include the following documents:

• Copy of Certificate of Incorporation, issued by the Registrar of Companies


• Certificate of Share capital
• Official list of shareholders / directors
• Proof of finance (certificate of deposit at bank or latest bank statement)
• Detailed Business Plan
• Proof of having secured a place / land to operate from (Lease Agreements
or Title Deed or Letter of Offer)

Applications for an Investment License in some sectors of the Economy require


proof that application for subsidiary permits from relevant institutions or
ministries have been lodged.

SECTOR LICENCES/PERMITS
ALL SECTORS

Self-employment permit
Immigration Headquarters are responsible for issuance of Self-Employment
Permits to deserving foreign investors. An application for the permit should be
supported by the following documents:

• Two passport-sized photos


• Bank statement
• Valid copy of the company’s certificate of incorporation
• Copy of the Investment Certificate issued by the Zambia Development
Agency

Employment permit
Immigration Headquarters, upon submission of the following documents, may
issue employment permits:

• Certified copy of the applicant’s highest education status and any other
additional qualifications and certificate of employment from previous
employers.
• Letterhead from the prospective employer explaining steps taken to
employ Zambian citizens to fill the vacancy.

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