Business Registrations & Secretarial services

We assist  individuals in registering their business we don’t only end on company registration but we go a step further in assisting out business to registry also under various statutory organisations that govern certain industries that our operate or would like to operate in. To  date Netvest consultancy has registered several business The other services we offer include amendments of company documents and filing of annual returns

Corporate registration

Advantages of registering your business

Operating with a registered business comes with many advantages. Read on to find out the main advantages of registering a business.

A company has limited liability and it can sue and be sued in its own name. If the business’ assets are attached over debt this will not affect the owners’ personal assets

When you do business as an individual, your business dies with you. Registering a business ensures the continuity of your business beyond just you as a person.

Competing in business as an individual is not easy. The only way to level the playing field is to be a registered company. That way you can effectively compete with the big guys.

Both government and commercial tenders require company papers as one of the conditions for participation. That means only registered companies are able to get tenders.

Types of companies recognised in Zimbabwe

There are two types of companies recognised in Zimbabwe namely:

  1. Private Business Corporation
  2. Private Limited Company (PVT) LTD

Private Business Corporations

Key features
  • A Private Business Corporation (PBC) is a legal entity.
  • Its documentation includes a certificate of incorporation and a incorporation statement (CR28)
  • Audited financial statements are not required for Private Business Corporations.
  • Meetings are not compulsory and can be held on an ad hoc basis.
  • Private Business Corporations (PBCs) can become shareholders in other companies.
  • The shareholders or owners of a Private Business Corporation are called members.
  • All members may take part in the management of the Private Business Corporation. .
  • The members/ shareholders/ owners of a PBC are not personally liable for the debts of a Private Business Corporation.
  • The legal procedures for the registration and administration of a Private Business Corporation are kept relatively simple

Private Limited Company

Key features
  • A Private Limited Company (PLC) is a legal entity.
  • Key Documentation includes Certificate of Incorporation, Memorandum and Articles of Association, CR6 (directors particulars) and CR5 (registered address)
  • Audited financial statements are required for Private Limited Companies.
  • Meetings are compulsory and are held as general or extraordinary general meetings.
  • Private Limited Companies (PLCs) can become shareholders in other companies.
  • The shareholders or owners of a Private Limited Company are called members.
  • The members/ owners or shareholders of a PLC are not personally liable for the debts of a Private Limited Company

Pros & Cons

Private Business Corporation

Pros

Cons

Private Limited Company

Pros

Cons

Company secretarial services

When business are registered they are amendments that are sometimes needed to be done on later dates that ensure the smooth running of your business  for example change in directors, increase in share capital, change of registered address, at netvest we facilitate these amendments  and the following is company secretarial work that we do

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