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How has Zimbabwe made starting a business easier—or not?

7/4/2014

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*This was taken from the Doing Business report for 2014. 

**DB2014  report data covers regulations measured from June 2012 through May 2013


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Practical guide to registering a business in Zimbabwe (Updated)

7/8/2013

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Fun Facts 
  • Did you know that  Zimbabwe currently ranks 182 out of 189 economies on the ease of starting a business according to a survey conducted by The World Bank in June 2015. (Source:  Doing Business 2016 Zimbabwe Profile)
  • The survey also showed that starting a business there requires 9 procedures and takes up to 90 days when you use formal channels.
  • Zimbabwe is ranked lowest in Southern Africa.
  • On a Southern African developing economies level, Zimbabwe is ranked below the average (Current average is 128)'
  • The last update to the registration process was in 2011. Zimbabwe eased business start-up by reducing registration fees and speeding up the name search process and company and tax registration.
"I really wish someone would wake up and say something here! I mean, we need to make it easier for people to start formal businesses that have many immediate benefits for the companies and for business owners and employees. Legal entities can outlive their founders. Resources are pooled as several shareholders join forces to start a company. Formally registered companies have access to services and institutions from courts to banks as well as to new markets. And their employees can benefit from protections provided by the law.Where governments make registration easy, more entrepreneurs start businesses in the formal sector, creating more good jobs and generating more revenue for the government."
The detailed procedure of how to register your business is provided below. Minimum one can pay for a small business is $105 if you decide to do it alone for a small business however you can expect to pay more depending of the size of your business as well as your industry as some industries have additional requirements. 

The alternative is to get lawyers or business consultants who will deal with the process for you and who will know the laws that apply directly to your business. This is actually my recommendation - pay extra for the business consultants/lawyers  because that way your business is set up properly from the get go.

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