How To Open A Company With Pacra

05 Jan, 2021

Name clearance documentation and all other processes you go through are. Upon payment present your payment receipt and filled application form to the supervisor for approval at the PACRA desk.

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Outlines Step by Step Process of Registering a business in Zambia Online with PACRA.

How to open a company with pacra. Business is carried on whether in partnership or otherwise other than the true names of an individual. Make sure to list the names in order of preference. They are two ways.

The persons will be required to submit the following documents. Register a company using an enterprise number as the name. First you will need to do a name search have the name reserved for you and then get company name clearance.

You can have your company by tomorrow. The Patents and Companies Registration Agency PACRA is a semi-autonomous executive agency of the Ministry of Commerce Trade and Industry of Zambia. The Registration of Business Names Act makes mandatory for every individual or firm with a place of business in Zambia and carrying on business under a business name to be registered with.

Heres a detailed look at what you need to do. Sign up to my1Office and fill in the form Add additional services like legal address contact person accounting and Wise or Payoneer IBAN account Sign the application and pay. A maximum of three names for the companybusiness is proposed which you should submit for you to be cleared.

Fill in the Name Clearance Form or the Business Name Form III through the Case Officer at the PACRA desk. To do so you need to submit a maximum of three company names. Want to start a business but too intimidated by all the legal requirements for setting up a company.

0 claps 0. Upon submission you will pay a non refundable fee of ZMW 500000 approximately US 51800. To log in you must register as an online user.

0 claps 0. The Companys Act Cap 388 governs the registration of companies in Zambia. Use a name that has already been approved.

Applying for a name as part of the process. Its important to understand that your business must be registered properly and comply with. You can apply for company registration online or in-person through the Patents and Companies Registration Agency PACRA.

To start registration you first have to access the PACRA online portal opens in a new tab. If you are a company already registered in your home country You will approach PACRA the registrar of patents and business in Lusaka Zambia with all the documents of your company and collect relevant forms to be filled. Click on this option if you want to apply for a name as part of the process.

Any two or more persons can incorporate a company under the Companys Act. If youre an entrepreneur with a viable business idea and a solid business plan youll need to know how to register a company before you can start doing business. The Patents and Companies Registration Agency PACRA has commenced online business registration and filing of annual returns to enable people to easily register their firms.

Registration is done at the Patents and Companies Registration Office. Payment of necessary fees at the cashier. 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.

Company will only be added to the company registration queue after the proposed name has been approved. Company incorporation steps Our Zambian incorporation team will then submit all the required company incorporation documents and proceed to register the company with PACRA and obtains i certificate of incorporation and ii certificate of share capital. These names are considered for listing purposes.

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