Don’t let your business be caught out! PACRA have notified company owners that any company not compliant on the statutory requirement to have registered a minimum of K15,000 Nominal Capital, will be de-registered after 31st December 2019
Currently there are over 26,000 companies in Zambia at risk.
The requirement was prescribed under SI 53 of 2014 and SI 41 of 2017
Check your company status on the the PACRA website https://www.pacra.org.zm/ utilising the “Business Verification” block on the home page
The regulation does not require a company to physically make available the increase in a cash form, but the records at PACRA must be correctly updated
If you require assistance in getting process completed, please contact The Business Guru via the services page