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To register a micro-finance company in Zimbabwe requires several steps. These include incorporating the company in Zimbabwe, opening a company bank account, acquiring tax clearance and getting a micro-finance licence from the Reserve Bank of Zimbabwe.


1. Register the company as a Private Limited Company

The first stage is to register a company. The company needs to be registered as a Private Limited Company to be able to meet the requirements of the RBZ.


2. Apply for a bank account and tax clearance certificate

The next stage is to open a bank account for your recently registered micro-finance company. Once you have a bank account you will need to get a tax clearance certificate.


3. Apply for a micro-finance licence with the RBZ

  • Submit certified copies of certificate of incorporation, memorandum, and articles of association to RBZ.
  • Use names from the Registrar of Companies.
  • NGOs and Trusts should register separate companies to conduct microfinance business.
  • RBZ will not accept applications from companies limited by guarantee.
  • Such companies should convert to share capital companies and register as microfinance institutions.
  • Microfinance companies should operate from formal business premises.
  • The RBZ requires micro-finance companies to have¬† minimum share capital of US$20,000.00. This should reflect both on the company papers and the bank balance of the company.
  • Proof of the sources of the funds should be submitted.
  • Submit a tax clearance certificate.
  • Submit a recent bank statement covering the past three months.
  • Corporate Shareholders (with at least 5% shareholding) should submit copies of audited financial statements for the past two years and Tax Clearance Certificate.

Do you want to register a micro-finance company in Zimbabwe?

We can help you with the process from start to finish