ZambiaWe provide an end to end business setup and consulting services across all sectors for foreign and local entrepreneurs looking to establish their business in Zambia. Our team can assist you to register a company and open a bank account without the need for you to travel to Zambia. Our main services include:
Regulatory licenses across all sectors
Provision of nominee directors and shareholders
Recruitment and employee hiring
Virtual/Physical Office space solutions
Employment and residency visas
The most common corporate structures preferred by foreign investors setting up in Zambia include i) the limited liability company (LLC/LTD) ii) the foreign branch office and iii) representative office. See detailed comparison below:
Advantages and disadvantages of Zambia company setup:
- An LLC requires only 2 shareholders and directors of any nationality and a minimum share capital of US$1,000.
- Foreign companies are also permitted to establish branch offices or representative offices without any restrictions.
- Foreign entrepreneurs can invest in any sector of the economy provided they meet the qualification prerequisites.
- Entrepreneurs looking to venture into the copper industry will find Zambia a prime location in Africa for copper mining and export or provision of services to players in this industry.
- Investing US$500k in a priority industry will see investors enjoying 5-year exemption from import duty on plant machinery and capital equipment.
- Availability of various incentives for companies investing in farming and agro-processing, manufacturing, mining and energy sectors.
- A Zambia LLC must have at least 50% of its directors ordinarily resident in Zambia.
- Foreign branches are subject to a 35% corporate income tax and a withholding tax of 20% for repatriation of profits abroad.
- The tax regime is complicated and corporate income tax is imposed varyingly from 10% to 40% depending on the sector and type of investment in the country.
- Business are not permitted to invoice in foreign currencies. All invoicing must be done in the local currency, Kwacha.
- Companies engaged in import and export through sea will face difficulties due to the landlocked nature of the country.
Important links:
Company incorporation steps in Zambia
- Choosing a company name: Girimba Consultants shall ensure the name is unique and complies with Zambia regulations and shall reserve the name with the registration office.
- Prepare incorporation documents: We shall draft the Memorandum and Articles of Association and other documents and have the Client append their signatures.
- Submission of documents to the Ministry of trade: Girimba Consultants shall submit the incorporation documents to the Ministry of trade Zambia .
- Certificate of Incorporation: The Certificate of Incorporation shall be Issued by the Botswana Trade Registry.
- Trade Licenses and Permits: Our Team shall obtain the requisite industry specific licenses and permits for the company.
- Registration for Social Security: Girimba Consultants shall register the Company with the Zambia Social Protection System for employee’s contributions and other agencies.
- Registration for Payroll Tax: Our Team will also register the Company with the Zambia Tax Administration.
- Opening a bank account: Our Team shall help our Client open a Bank Account with a top tier bank in Zambia .
Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.
Clarence S. Carlos
Regional Cordinator
Clarence is our regional cordinator and head of business setup secretariat.