Declaration of beneficial ownership

Let Register Your Company help you with your declaration of beneficial ownership

Declaration of beneficial ownership – summary

In Zimbabwe, companies are supposed to declare a beneficial owner.

According to the Companies and Other Business Entities Act (Chapter 32:24), a beneficial owner is defined as,
“a natural person 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 per centum of the company’s shares; or

(b) directly or indirectly holds more than twenty per centum 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”.

For help and advice on declaring a beneficial owner, please call, WhatsApp or text us on +263 786 507 158 or +263 (0242) 753 168 or email us at

Declaration of beneficial owner – how it works

Completion of the declaration of beneficial ownership form

The declaration of beneficial ownership form is the form used by the Companies Registry to record the beneficial owner of a company. Register Your Company completes this document and submit it on your behalf.

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Declaration of Beneficial Owership Frequently Asked Questions

When will my documents be ready?

Upon receiving your order, we will prepare the name change documents and you sign. When we have received the documentation from you, we will submit it to the Companies Registry – they normally take a 5-7 working days to make the change on their register.

Why should I declare a beneficial owner?

It is a mandatory requirement stated in Zimbabwe’s Companies and Other Business Entities Act.

What information should I provide to declare a beneficial owner?

The beneficial owner’s

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

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