How To Register A Small Business In Zambia
Applicants should fill in form 46 at a fee of.
How to register a small business in zambia. Its principal functions are to operate a legal system for registration and protection of commercial and industrial property and to serve as a legal depository of the information tendered for registration. Top 10 small business investment opportunities in. The zambia revenue authority zra is an implementing agency of government mandated to assess and collect tax and advise the state on aspects of tax policy. Ease of doing business in zambia region sub saharan africa income category lower middle income population 17 351 822 city covered lusaka 85 db rank db score 66 9 rankings on doing business topics zambia 117 67 129 149 4 72 17 155 130 79 starting a business dealing with construction permits getting electricity registering property getting. This is to encourage entrepreneurs and investors to explore the various business sectors in the country.
Then the following sectors are the hottest right now and would remain hot for years to come. Once the registration of a company is successfully done at the patents and companies registration agency pacra one needs to register with zra for a tax payer identification number tpin no the tpin number is then used to register for the various taxes applicable to the specific type and nature of the registered business. Free advice on setting up a basic business structure is readily available from institutions such as citizens economic empowerment commission ceec or zambia chamber for small and medium business associations zacsmba. The patents and companies registration agency pacra is a semi autonomous executive agency of the zambian ministry of commerce trade and industry. To register a sole proprietorship one needs to buy business name form number 111 which is a form designed for individuals registering businesses.