DID YOU KNOW THAT COMPANY RE-REGISTRATION DEADLINE IS 31 DECEMBER 2024
In the rapidly evolving business landscape of Zimbabwe, compliance with current laws and regulations is crucial for sustained growth and success. One significant regulatory requirement is the re-registration of companies as mandated by the Companies and Other Business Entities Act (Chapter 24:31).
Introduced on February 13, 2020, this act necessitates that all Zimbabwean registered companies and business corporations re-register. This article delves into the process, benefits, and implications of re-registering your business, providing a comprehensive guide for entrepreneurs and SMEs.
*Understanding company re-registration*
Company re-registration is the process of updating or renewing a company’s registration with the Companies Registry to ensure compliance with the latest legal requirements.
This process is not just a bureaucratic formality; it serves several vital purposes:
Updating the companies register: Re-registration helps establish a new, updated register of companies and private business corporations, ensuring that all active businesses are accurately recorded.
Removing defunct entities: It aims to eliminate non-operating business entities from the register. Companies that are inactive, not submitting annual returns, or appear defunct are identified and struck off the register.
Contact Us Today on wa.me/263772592232 for a professional and quicker service.
Dr K. Vere
Dr Kudzanai Vere is an internationally acclaimed transformational speaker in the areas of Entrepreneurship, Business Management, Organisation Development, Leadership Development, Personal Development and financial literacy. He’s the Director of Programs at Institute Of Entrepreneurs Zimbabwe, CEO of Kudfort Zimbabwe and a published author of four books. Dr Vere is a Sunday Mail Columnists on Entrepreneurship, a lecturer at WOMEN’S University in Africa and an External Examiner at Harare Institute Of Technology.
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