The Importance Of Submitting Annual Returns in Zimbabwe

All Private Limited Companies in Zimbabwe by law have to file annual returns once every year within the required time frame as regulated by the Companies Act.


By filing the Annual Returns in Zimbabwe with the Registrar of Companies, the company confirms whether they are still in business or trading, or if it will be in business in the near future. An Annual Return is a statutory return in terms of the Companies Act and is a summary of the most relevant information pertaining to a company.

The prescribed filing fees for annual returns are legislated, and as such cannot be waived by the Registrar of companies. When a company fails to submit its annual returns for a long time, the Registrar of Companies will assume the company is no longer trading and may start the deregistration of the company.
The Importance Of Submitting Annual Returns in Zimbabwe
 Annual Returns in Zimbabwe
Once a company has been deregistered, the Registrar of companies removes the company from its active records. Legally, the company will now cease to exist and the company name will become available to the general public for registration.

Once the company is in the deregistration process due to the non-payment of annual returns, it is possible for the deregistration process to be cancelled if all outstanding annual returns are paid up to date.

If however, the company is in final deregistration, then the company can apply for reinstatement upon the filing of the required documentation. If the application is successful and all reinstatement criteria are met, the Registrar of Companies will change the status of the company to “in reinstatement process”, at a prescribed fee.

To keep your company in good standing with the Registrar of Companies and to avoid any penalties, possible deregistration, or the aggravation of trying to reinstate the company, every company is advised to lodge their annual returns timeously within the stipulated timeframe.

Avoiding Penalties:

Ways to avoid incurring penalty fees include:
  1. Being aware of your company’s Annual Return Date.
  2. Ensuring that your company’s financial statements are prepared well (Know your authorised & issued share capital)
  3. Seeking assistance from a company secretarial firm such as M&J Consultancy so the annual return is taken care of and reminders are sent to the company

To conclude, filing your Annual Returns is of the utmost importance. If you are not sure of the whole process, then get in touch with us for a detailed guide and walkthrough.

Disclaimer: The contents of this website are for general information purposes only. They do not constitute our legal or professional advice. Readers are advised not to act on the basis of the information contained herein alone. Every situation depends on its own facts and circumstances. We accept no responsibility for any loss or damage of whatsoever nature which may arise from reliance on any of the information published herein without consulting a professional legal practitioner.

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