Declaration of beneficial ownership

Our customer reviews

Rated 5.0/5.0

32 Reviews

Frequently asked questions

When will my documents be ready?

The documents will be ready in 9-12 working days depending on the workload at the registry. This delay is usually caused by file searches which are done only on designated days.

Who is a beneficial owner of a company?

A beneficial owner in relation to a company means an individual who ultimately owns or controls the rights to or benefits from property or a person who exercises ultimate effective control over a legal person, and, more specifically, refers to a natural person who—
(a) directly or indirectly holds more than twenty percent of the company’s shares; or
(b) directly or indirectly holds more than twenty percent of the company’s voting rights; or
(c) directly or indirectly holds the right to appoint or remove a majority of the company’s directors; or
(d) otherwise exercises or has the right to exercise significant influence or control;

Is it mandatory to maintain a register of beneficial owners of the company?

Yes it is mandatory. Every company is required to maintain an accurate and up-to-date register of the beneficial owner or owners of the company, to be known as the register of beneficial owners which register shall be kept, within Zimbabwe, and at the same office at which the register of members is kept.

When should I declare a beneficial owner?

A beneficial owner should be declared within 30 days of an individual becoming a beneficial owner.

Is the information of a beneficial owner available to the public?

The information is not available to the public. The particulars disclosed are confidential to the Chief Registrar unless on special grounds.

What information should I provide Company Formations to declare a beneficial own?

The beneficial owner’s

• Full name
• Physical and Postal Address
• Email and National ID or Passport Number and
• Company name and/or company number

Register your company now!!!

15% OFF
+ get FREE share certificates for every shareholder
+ FREE company registers
+ FREE Company Formations e-book and a
FREE Virgin Start-up business plan template to kickstart your business.

From US$110.00

ENDS SOON

9-12 working days company registration turnaround time.