Do natural-person shareholders need a declaration?

The declaration is triggered where shares are held by an entity. Natural-person shareholders are already captured with full particulars.

How is the percentage measured?

The percentage reflects the beneficial owner's holding in the vehicle entity through which the shares are held.

Does this apply to re-registrations?

Yes, to both new registrations and re-registrations.

Compliance

Beneficial Ownership Requirements in Zimbabwe

Where shares sit behind another entity, the people who ultimately own or control them must be named.

Last updated: 2026-08-06

Who is a beneficial owner

A beneficial owner is the natural person who ultimately owns or controls the company — directly, or indirectly through an entity shareholder, a chain of entities or another arrangement.

When a declaration is required

Whenever one or more shareholders is an entity rather than a natural person
On new company registrations
On company re-registrations
When shareholding changes bring a new entity shareholder in

Particulars required

Full name and identity details
Date of birth
Residential address
Contact details
The entity through which the interest is held
Class of shares owned and percentage holding in that entity

Keeping it current

Beneficial ownership is not a once-off exercise. When the ownership behind an entity shareholder changes, the declaration should be updated so the record stays accurate.

Frequently asked questions

Do natural-person shareholders need a declaration?: The declaration is triggered where shares are held by an entity. Natural-person shareholders are already captured with full particulars.
How is the percentage measured?: The percentage reflects the beneficial owner's holding in the vehicle entity through which the shares are held.
Does this apply to re-registrations?: Yes, to both new registrations and re-registrations.

Let Partzile handle the filing

Complete guided online forms and a compliance officer lodges everything with the Companies Registry.

Start your application Talk to a compliance officer

Partzile Compliance Hub is operated by Partzile (Pvt) Ltd, an independent private service provider. It is not the Companies and Intellectual Property Office, the Companies Registry or any organ of the Government of Zimbabwe. Information on this page is general information about company compliance processes and is not legal advice — for advice on your specific circumstances, consult a legal practitioner.