A holdings company is company registered for the purpose of buying and owning shares in other companies. The other companies are known as subsidiaries. Usually the holding company does not produce goods or services, or take part in the daily operations of the business. Instead, it often owns assets that subsidiary companies use. A holdings company is also known as a ‘parent company’.
Registering a holding company
Registering a holding company in Zimbabwe is exactly the same as registering a standard Private Limited Company. You will have to provide the following information on an application form:
- 3-5 proposed company names
- Business objectivities
- Directors information
- Shareholders information
- Company addresses
- Company secretary details
The easiest, quickest and most affordable way to register a new company in Zimbabwe is through a licensed company registration agent such as ‘Companies’. ‘Companies‘ is one of Zimbabwe’s leading company registration agents, providing company registration for clients in and around Zimbabwe and overseas in just 7-9 working hours (subject to Companies Registry workload).
After you register a holdings company you will receive:
- Certificate of incorporation
- CR 5
- CR 6
- Memorandum and Articles of Association
Frequently asked questions
What do I register first; a subsidiary or holding company?
A holding company is created to own shares in other companies so you need to register a subsidiary first. Its the subsidiary that gives birth to the holdings company.