Business Registration - Zambia
Business Registration Checklist
🗸 Proposed Business Name(s)
🗸 Nature of Business
🗸 Location of Business
🗸 Phone or Mobile Number
🗸 Full Names of Applicants
🗸 Identification Number
🗸 Age and Sex
🗸 Residential Address
Estimated time to complete
Three (3) working days
Where to register?
Patents and Companies Registration Agency (PACRA)
Patents and Companies Registration Agency
Plot No. 8471
Haile Selassie Avenue, Longacres
P.O. Box 32020, Lusaka
Tel: +260 211 255151 / +260 211 255127
The Patents and Companies Registration Agency (PACRA) has the mandate for registering businesses in Zambia. This mandate is drawn from the Companies Act, No.10 of 2017 and the Registration of Business Names Act. Registering a business is important because it gives your investment legal status, which is critical to access services like loans from banks, as well as opportunities such as tenders. This potentially helps your business to become more competitive. Online user registration is provided for, but it requires prior registration with PACRA.
Process of registering a business
- Name Approval – A client can suggest up to maximum of three names for consideration
- After Name Approval, the client completes the appropriate registration form and pays registration fees
- The Registrar issues out a certificate as evidence that the business has been registered
Application for a business license
- PACRA does not issue business licenses. Its mandate is to issue a Certificate of Incorporation and Certificate of Registration. For information on business licenses, visit the Zambia Development Agency website.
When a company ceases to do business, it is required by law to notify the Registrar.
Closing a business name
A person wishing to close a business name is required to complete a Notice of Cessation of Business; and upon paying a prescribed fee, the business name is ceased.
Requirements for winding up
- Copy of Special Resolution by the members;
- Summary of Company’s Accounts
- Statutory Declaration by two or more of its Directors showing how its assets have been disposed off and affirming that it has no debts or liabilities;
- Once the above is done and upon paying the prescribed fee, the Registrar publishes a notice in the Government Gazette that the country will be wound up;
- Three months after the Notice appears in the Gazette, a company is struck off the company register.