Zambia is an attractive jurisdiction for registering a company, particularly for entrepreneurs and investors seeking opportunities in Southern Africa. It boasts a stable political environment, a growing economy driven by mining, agriculture, and energy, and a welcoming attitude toward foreign investment. The country's strategic location, bordered by eight other nations, provides access to regional markets through trade agreements such as the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC).

Registering a company in Zambia is governed by the Companies Act of 2017, which simplifies the process and allows both locals and foreigners to establish various types of companies, including private, public, and branch entities. The Patents and Companies Registration Agency (PACRA) oversees company registrations and ensures compliance with corporate laws.

Foreign investors benefit from incentives such as tax holidays, customs duty exemptions, and access to government-supported industrial parks. The Zambia Development Agency (ZDA) plays a key role in facilitating investment, offering guidance and incentives to businesses that align with national economic goals.

schedule a call

Legal Opinion about Zambia as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama

CEO

“In general, Zambia is an ideal jurisdiction for entrepreneurs seeking to tap into Africa's emerging markets. Its business support policies, growing consumer base and strategic location make it an attractive choice for company incorporation and expansion. Manimama is ready to help you with business registration in Zambia”.

Send Request

Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

Company formation
Registered address for the 1st year
Annual accounting requirement bookkeeping

Order now

Annual Services

Company renewal and registered address
Annual Government Tax
Mandatory Financial Beneficiary Report

Order now

Other Services

Set of corporate documents (certified/apostille)
Nominal service for 1 year
Offshore banking

Order now

Key Numbers about Incorporations

minimum 2

director for a company

up to 4 weeks

timeline for a company registration

K 15,000

minimum share capital

30%

corporate income tax (CIT) rate

up to 37%

personal income tax (PIT) rate

16%

value added tax (VAT) rate

Send Request

Set up Your Company in Zambia in Several Steps

Step 1. Initial setup

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration

Choosing and reserving a unique company name in the PACRA
Facilitating the notarial process for the company's official registration
Incorporating the company's data into the PACRA (it can be done either in person or online)
Obtaining the Certificate of incorporation from the PACRA
Registration for tax and social security purposes
Obtaining any required business licenses and permits

Requirements for Company Formation in Zambia

Before deciding to set up a new company in Zambia, read the information below to understand the characteristics of a Private Company limited by shares (Ltd):

Shareholders: a minimum of 1 shareholder who can be an individual or a corporate entity. But the number of shareholders must not exceed 50. There are no residency requirements for shareholders.

Director: the company must appoint at least 2 directors or more directors. The number of directors, including the executive director, who should be resident in Zambia, shall not be less than half the number of directors appointed. They do not, however, need to be Zambian citizens.

Company secretary: a company must have a secretary; the secretary may be a corporate body; 2 or more persons may act jointly as the secretary of a company; the secretary of a company shall be (a) resident in Zambia, if an individual OR (b) incorporated in Zambia, if a corporate body.

Minimum share capital: nominal capital required is K 15,000 (~ $552).

Legal address: the company is required to have a registered office in Zambia for official correspondence.

Liability: the shareholders are not responsible for the company’s debts.

Accounting: the company is required to file annual returns, maintain proper accounting records.

Taxes in Zambia

Corporate income tax (CIT)

The standard CIT is 30%.
But companies operating in certain sectors have a different CIT:

income from farming and agro-processing is taxed at 10%;
income from other non-traditional exports is taxed at 15%;
telecommunications companies are taxed at 35%.

Personal income tax (PIT)

The rates are the following:

from K 0 to K 5,100 (~ $186) - 0%;
from K 5,101 (~ $186) to K 7,100 (~ $260) - 20%;
from K 7,101 (~ $260) to K 9,200 (~ $337) - 30%;
from K 9,201 (~ $337) and above - 37%.

Value-added tax (VAT)

The standard rate is 16%.
VAT is not levied on all sales of goods or supply of services.
The Value Added Tax Act of Zambia provides supplies of goods and services as either taxable or exempt.
From July 1, 2024, all VAT-registered taxpayers must issue electronic invoices through the Smart Invoice software solution implemented by the Zambia Revenue Authority.
Companies are required to register as VAT payers in Zambia if their annual turnover exceeds K 800,000 (~ $ 29,311) per year.

Double taxation avoidance agreements in Zambia: ‍Botswana, Canada, China, Denmark, Finland, France, Germany, India, Ireland, Italy, Japan, Kenya, Mauritius, Morocco, Netherlands, Norway, Seychelles, South Africa, Sweden, Switzerland, Tanzania, Uganda and the UAE.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Zambia:

Expertise in Regulations of Zambia

1. Manimama has an in-depth understanding of Zambia's legal and regulatory framework.
2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

1. We have established strong relationships with local authorities, banks, and service providers.
2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

1. We provide continuous support to ensure your business remains compliant with laws of Zambia.
2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently asked questions

What is the regulatory body for company registration in Zambia?

The Patents and Companies Registration Agency (PACRA) is responsible for company registration and related services.
Do I need a Zambian partner to start a business in Zambia?

No, foreign investors can fully own and operate a business in Zambia without requiring a local partner.
Do I need a physical office to register a company in Zambia?

Yes, a physical address is required during registration, as it will be the official address for the company.
Do I need to register with the Zambia Revenue Authority (ZRA)?

Yes, all companies must register with the ZRA to obtain a Taxpayer Identification Number (TPIN) and fulfill tax obligations.
Can I register a company online in Zambia?

Yes, PACRA offers online services for name reservation and company registration.
Are there annual compliance requirements for companies in Zambia?

Yes, companies must file annual returns with PACRA, maintain proper records, and comply with tax obligations.
What taxes must companies pay in Zambia?
Businesses must register for:
- Corporate income tax (10-30%)
- VAT (16%)
- Withholding tax (varies by category)

Semen Kaploushenko

KUNA, CBDO

“Thanks to Manimama OU's efforts, I was able to resolve my problem in no time”.

Vadym Grusha

Trustee Wallet, CEO

“The team of lawyers demonstrated a high level of professionalism and in-depth knowledge in their field”.

Yuriy Soshenko

WhiteBit, CLO

"The result exceeded my expectations and I am sincerely appreciative of the help I received”.

Manimama as the Best Solution for Your Company Formation in Zambia

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.
Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.
Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.
Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Zambia, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Zambia and pave the way for your business success.