What to do in months one through twelve after incorporation, so your first annual return, tax filing and clearance renewal all arrive without drama.
Months 1–2: Get operational
Complete ZIMRA registration, open the bank account, register with NSSA if hiring, and set up bookkeeping. Adopt the discipline of separating company and personal money from the first transaction.
Sign contracts in the company's name, and update every customer with the correct legal entity for invoicing.
Months 3–6: Build the evidence base
Produce a company profile, obtain your first tax clearance, and register with PRAZ if you intend to bid publicly. Start collecting written references from early customers.
Reconcile the bank monthly and produce simple management accounts quarterly. This is what makes you fundable later.
- Monthly PAYE, NSSA and VAT obligations where applicable
- Quarterly provisional tax payments
- Quarterly management accounts and reconciliation
Months 7–9: Tidy the record
Review the Registrar record against reality. Have directors changed? Has the address moved? Has ownership shifted? File any outstanding changes now rather than at year end.
Confirm your beneficial ownership register is accurate and matches what your bank holds.
Months 10–12: Close the loop
Prepare the annual return and beneficial ownership confirmation, finalise your tax computation, and diarise the tax clearance renewal.
Then plan year two: set targets, review pricing, and decide whether the structure you chose still fits where the business is going.
- Annual return filed with the Registrar
- Income tax return submitted
- Tax clearance renewed before expiry
- Licences and permits renewed
The habit that matters most
Companies that treat compliance as a monthly rhythm never face a crisis. Companies that treat it as an annual scramble eventually lose a contract, a facility or a clearance over it.
Amashad maintains the calendar for the entities we register, and handles the filings when they fall due.
Frequently asked questions
When is my first annual return due?
It follows your incorporation anniversary cycle — confirm the date at registration and diarise it immediately.
What if I did not trade in year one?
You still file annual returns and nil tax returns.
Can Amashad handle all of this?
Yes — registration, ZIMRA, NSSA, clearances, annual returns and beneficial ownership updates.
This guide is general information, not legal or tax advice. Zimbabwe's principal company law is the Companies and Other Business Entities Act [Chapter 24:31], available at ZimLII.
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