Register Your Zimbabwean Business Today!
Centuria Advisory Services is the leader in company registration services in Zimbabwe. We offer efficient and excellent Company Secretarial Services at affordable rates. We have registered over five thousand companies to date and we are registering more every week. Our turnaround time is comparable to none. If you need fast and reliable company registration services, look no further, we are here for you.
Private Limited Company - (PVT) LTD
Features
- Has a legal persona of its own apart from its owners
- 2 Minimum Directors and 1 Minimum Shareholders
- Can have a maximum of 50 directors
- Both companies and individuals can be shareholders in a PLC
- Annual returns are compulsory
- Directors are responsible for the day to day management of the company
Private Business Corporation (PBC)
Features
- Can be owned and managed by one person or multiple people.
- Personal liability of shareholders is limited to the value of their shares.
- hareholders can keep all company profits for their personal use.
- Can be owned and managed by one person or multiple people.
- Personal liability of shareholders is limited to the value of their shares.
- Company can sell shares to raise capital.
Why Register A Company With Us:
- When you register a company with us we offer FREE ACCOUNTING ADVICE.
- We are the most affordable and reliable…
- Online registration process. Quick, and easy process.
- We offer a holistic service, to get your company on it’s feet. Our business registration services include ZIMRA requirements advice, Free Bank Advisse used to open bank account, bank account opening assistance and many other business requirements so you will need us in future, rather start at the right place and have peace of mind.
Major differences between a PBC and a Pvt Ltd
| Private Business Corporation | Private Limited Company |
| Mainly meant for small to medium businesses | Mainly meant for medium to large businesses |
| Can accommodate sole traders | Only accommodates 2 or more people |
| Has a legal persona of its own apart from its owners | Has a legal persona of its own apart from its owners |
| Has perpetual succession | Has perpetual succession |
| Can have a maximum of 20 directors | Can have a maximum of 50 directors |
| Members are the same as shareholders or owners | Shareholders are owners and can be different from the directors |
| Companies cannot be shareholders or hold a member’s interest in a PBC, only individuals can be members | Both companies and individuals can be shareholders in a PLC |
| Comprised of members | Comprised of directors and shareholders |
| Has an incorporation statement and bylaws | Has a certificate, memorandum, articles, CR6 and CR14 |
| Articles of association are not required | Registered articles of association |
| Does not require annual return to be lodged | Annual returns are compulsory |
| Has member’s contributions | Has share capital |
| Has an accounting officer | Has an auditor |
| Annual general meeting not required | Annual general meeting is required |
| Members hold member’s interest | Shareholders hold shares |
| Can purchase a member’s interest | Can acquire its own shares under certain circumstances |
| Members are responsible for the day to day management of the PBC | Directors are responsible for the day to day management of the company |
| No register of members is required | Register of members is required |
| Offers limited liability to its owners | Offers limited liability to its owners |
| No financial statements needed | Audited financial statements |
| No prohibition on a PBC to provide financial assistance for the acquisition of a member’s interest | Prohibition on a company to provide financial assistance for the acquisition of its own shares |