Operating a Business

flag Zimbabwe Zimbabwe: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labour | Social Partners

 

Setting Up a Company

Private Limited Company (PLC)
Number of partners: Maximum 50 members
Capital (max/min): no minimum capital required
Shareholders and liability: Limited liability of shareholders depending on their share
Limited Liability Company
Number of partners: at least one shareholder and one director
Capital (max/min): no minimum capital required
Shareholders and liability: Limited liability of shareholders depending on their share
Sole proprietorship
Number of partners: One individual
Capital (max/min): no minimum capital required
Shareholders and liability: Unique, unlimited liability
Company Limited by Guarantee
Number of partners: Generally restricted to 20 members
Capital (max/min): no minimum capital required
Shareholders and liability: each member must sign a declaration of guarantee, specifying the amount he undertakes to contribute. If the assets of the company are insufficient to cover its liabilities, the liability of its members is limited to the amount guaranteed
The Competent Organisation
Registrar of Companies
 
Setting Up a Company Zimbabwe Sub-Saharan Africa
Procedures (number) 9.0 7.5
Time (days) 27.0 21.3

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Zimbabwe.

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The Active Population in Figures

201820192020
Labour Force 6,908,6007,037,0396,985,536

Source: International Labour Organization, ILOSTAT database

 
201720182019
Total activity rate 84.01%83.97%83.98%
Men activity rate 89.90%89.73%89.60%
Women activity rate 78.94%79.00%79.11%

Source: International Labour Organization, ILOSTAT database

 
For Further Statistics
Bureau of Statistics
For Further Information About the Labour Market
ILO Working Paper, Study of the International Labor Organization

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Working Conditions

Legal Weekly Duration
The law does not provide for standard working hours per week, but it stipulates that employees are entitled to 24 consecutive hours of rest per week. The maximum work hours per week are negotiated between the unions and employees in each sector. It is forbidden to work more than 12 consecutive hours.
Retirement Age
60 years
Working Contracts
A work contract does not have to be written. If the working time is not mentioned, it is considered permanent. Casual work is considered permanent the day on which the period of work exceeds a total of six weeks during four consecutive months.
Labour Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to businesses.

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Cost of Labour

Minimum Wage
Minimum wage varies according to the sector: US$296/month in the public sector, US$238 in the mining sector, US$65 for agricultural laborers.
Average Wage
An average wage is around US$253 per month.
Social Contributions
Social Security Contributions Paid By Employers: 3.5%
Social Security Contributions Paid By Employees: 3.5%

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Social Partners

Social Dialogue and Involvement of Social Partners
Collective bargaining takes place through the National Employment Council in each industry, which is composed of representatives of workers, employers and the government. The right to form or join a union, to strike or bargain collectively is generally not respected; the government habitually harasses trade unions and their leaders, and makes efforts to prevent and suppress demonstrations.
Unions
Zimbabwe Congress of Trade Unions (ZCTU)
Commercial Farmers Union of Zimbabwe
Unionisation Rate
The rate of unionization is 13.9% according to the ILO.
Labour Regulation Bodies
Ministry of Public Service, Labour and Social Protection

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Latest Update: July 2022