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Compare types of companies
Private Limited Company
|
Private Business Corporation
|
Cooperative Company(Co-op) |
Has a legal persona of its own | Has a legal persona of its own | Has a legal persona of its own |
Has perpetual succession | Has perpetual succession | Has perpetual succession |
Limited to a maximum of 20 directors
|
Limited to a maximum of 50 directors | |
Shareholders are owners and can be different from Directors
|
Members (Directors) are the same as shareholders or owners | |
Both companies and individuals can be shareholders | Companies cannot be shareholders or hold a member’s interest; only individuals can be shareholders | Companies cannot be shareholders or hold a member’s interest; only individuals can be shareholders |
Output is a certificate, memorandum, articles, CR6 and CR14
|
Output is incorporation statement and bylaws | |
Registered articles of association
|
Articles of association are not required | |
Annual returns are compulsory
|
Does not require annual return to be lodged | Does not require annual return to be lodged |
Has share capital
|
Has member’s contributions | |
Has an auditor
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Has an accounting officer | |
Annual general meeting is required
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Annual general meeting not required | |
Shareholders hold shares
|
Members hold member’s interest | |
Can acquire its own shares under certain circumstances
|
Can purchase a member’s interest | |
Directors are responsible for the day to day management of the Company | Members are responsible for the day to day management of the Company |
A committee nominated by the members is responsible for the day to day running of the Company |
Offers limited liability to its owners
|
Offers limited liability to its owners | Can either offer or not offer limited liabilities to the members of the Company |
Audited financial statements
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No financial statements needed | |
Prohibition on a company to provide financial assistance for the acquisition of its own shares
|
No prohibition on a PBC to provide financial assistance for the acquisition of a member’s interest |
Zimbabwe Companies Registry had the most competitive company registration packages. Their pricing is fair and what you receive on each registration package is clearly spelt out.
Hubert MasangoPACKAGES
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Company
Zimbabwe Companies Registry website is owned by Companies Made Easy a Numeri Inc company a company registered in Zimbabwe at Pockets Building, 50 Jason Moyo Avenue, 2nd Floor, Room 208 & 209, Harare, Harare, Zimbabwe. Companies Made Eas offers company registration and related services in Zimbabwe.
Tel: +263 (0242) 753 168
Mob: +263 715 142 498
Mob: +263 786 580 543
E-mail: info@zimbabwecompaniesregistry.org
Company No: 15985/2019
BP No: 185 8695 41
Copyright 2023 © Numeri Inc.
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