Starting a business in Zimbabwe

Legal Forms of Companies

Private Limited Company (PLC)

Number of partners: Maximum 50 members
Capital (max/min): no minimum capital required
Shareholders and liability: Limited liability of shareholders depending on their share

Limited Liability Company

Number of partners: at least one shareholder and one director
Capital (max/min): no minimum capital required
Shareholders and liability: Limited liability of shareholders depending on their share

Sole proprietorship

Number of partners: One individual
Capital (max/min): no minimum capital required
Shareholders and liability: Unique, unlimited liability

Company Limited by Guarantee

Number of partners: Generally restricted to 20 members
Capital (max/min): no minimum capital required
Shareholders and liability: each member must sign a declaration of guarantee, specifying the amount he undertakes to contribute. If the assets of the company are insufficient to cover its liabilities, the liability of its members is limited to the amount guaranteed

Business Setup Procedures

Source: Doing Business - Latest available data.