Are you one of those who dream of owning your own small business in Zambia? You’ll be your own boss, and the captain of your destiny—–maybe even a captain of an industry. Is it hard? Without a doubt. Is it challenging? Absolutely. Do you have to be wealthy and well-educated with a lengthy resumé? Not at all! Can you do it? As the magic 8-ball says, “All signs point to yes!” So how do you do it, and make it work? Plan, plan, plan! There are some tried and true ways head down the path of creating your own business, and there is no time like the present to get started!
Now let’s be honest. The Zambian government is not going to provide jobs for everyone. If you are solely depending on the government to improve your livelihood, GOODLUCK!.
Starting a small business in Zambia is not as hard as you think. Gone are the days of having thousands of dollars in the bank before starting a worthwhile business adventure. Thumbs up to all the small businesses in Zambia that are sprouting up everyday.
Unemployment amongst Zambian youth is causing chaos. Zambian youths are being taken advantage of by political parties to do their dirty jobs because of the high unemployment rates.
Before we start getting in depth, I would love you first of all to get acquainted with the legal procedure in Zambia of how you can have your business up and running the legal way.
Are you ready? Let’s go.
1. Come up with your business name and check if the name is available at PACRA (Patents And Companies Registration Agency). You can check online and it costs K10.
2. Register the company at PACRA. For prices check here.
3. Register with the local Zambia Revenue Authority (ZRA) office, direct tax division to obtain a corporate tax number. Registering with ZRA is free.
4. Register with National Pension Scheme Authority for social security. Free of charge aswell.
5. Pay business levy to Lusaka City Council which cost K450.
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