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Investment & Legal Framework
Customs Duty
There are three categories for import duties: 25%
mainly for finished products, 15% for intermediate
goods and
0 to 5% for raw materials
and capital goods.
REGISTRATION, LICENCES AND
PERMITS
Company Formation and Registration Information
The Company’s Act Cap 388 governs the registra-
tion of companies in Zambia. Registration is done
at the Patents and Companies Registration Office.
Any two or more persons can incorporate a com-
pany under the Company’s Act. The persons will
be required to submit the following documents:
• Application for name clearance, in order to avoid
use of an existing or similar name
• Application for incorporate by subscribing the
names of directors and secretaries of the com-
pany
• Articles of the company
• Statutory declaration as to compliance with the
Company’s Act
• Signed consent to act as director or secretary by
each person named in the company’s application
• Declaration of guarantee, if a company is limited
by guarantee.
The minimum share capital of a company in Zam-
Income Royalty and Withholding Tax
bia is K 5,000,000. The law requires that half the
directors of the company be residents of Zambia.
All companies are required to submit annual re-
turns with the Registrar of Companies within three
months after the end of the financial year or one
month after the Annual General Meeting if it is
held within three months after the financial year.
The Company’s Act allows foreign companies to
register with the Registrar of Companies within
28 days of setting up or acquiring an established
place of business. The documentation require-
ment may be obtained from the Office of the Reg-
istrar of Companies.
INVESTMENT LICENCE
The Zambia Development Act No. 11 of 2006 pro-
vides for investment incentives and investment
guarantees.
Applications for an Investment Licence should be
submitted to the Zambia Development Agency, a
statutory body mandated by government to foster
economic development through a whole-Zambia
strategic view that will increase investment and
trade levels across the whole country.
The major documents required to support an ap-
plication for an Investment Certificate include the
following documents: