Joombaah A Comprehensive Guide to Zambia’s Investor’s Permit
A Comprehensive Guide to Zambia\u2019s Investor\u2019s Permit

Permit Information

  • PERMIT_POSTED_BY: admin
  • PERMIT_POSTED_ON: Nov 22, 2024
  • Views : 86
  • Category : Africa » Southern Africa » Zambia
  • Description : Learn about Zambia’s Investor’s Permit, its requirements, and the step-by-step application process. This guide outlines the essential details for new applications, renewals, and variations to ensure compliance and successful investment in Zambia.
  • Phone : +260 211 255282
  • Email : pro@zambiaimmigration.gov.zm
  • Website : https://www.zambiaimmigration.gov.zm/for-residents/#1549984416318-cefa5ce5-f6ba

Overview

  • A Comprehensive Guide to Zambia’s Investor’s Permit

    Introduction
    Zambia offers an Investor’s Permit to foreign nationals above 18 years of age who wish to establish a new business, invest in an existing one, or join a company. This permit is an essential step for those looking to operate legally and contribute to Zambia’s growing economy.

    Who Needs an Investor’s Permit?
    This permit is issued to individuals who:

    • Intend to start a business or invest in Zambia.
    • Have already established or invested in a business in Zambia.
    • Plan to join an existing company.

    Application Requirements

    For a New Application
    Applicants must provide:

    • Covering Letter: Addressed to the Director General of Immigration.
    • Certificate of Incorporation.
    • Certificate of Share Capital (where applicable).
    • Certificate of Minimum Capital.
    • Investment License: Issued by the Zambia Development Agency (if available).
    • List of Directors.
    • Proof of Investment: Evidence of a personal investment of at least USD 250,000 for new businesses or USD 150,000 for joining existing businesses (e.g., bank statements, money transfer records, ZRA Form CE20).
    • Proof of Ownership or Lease Agreement: In Zambia.
    • Valid Passport: Certified copy (bio-data page and last endorsement stamp for Zambia).
    • Two Passport-Sized Photographs: Recent.
    • Prescribed Fee.

    For Renewal or Extension
    To renew or extend an Investor’s Permit:

    • Covering Letter: Addressed to the Director General of Immigration.
    • VAT/ZRA Receipts: Or a valid Tax Clearance Certificate.
    • Audit Report: From a ZICA-registered firm.
    • Lease Agreement: If applicable.
    • Current Bank Statement.
    • Certified Passport Copy: Bio-data page and last endorsement stamp for Zambia.
    • Inspection Report: Conducted by the Immigration Department (post-application submission).
    • Prescribed Fee.

    For Variations

    1. Inclusion of Another Company:

      • Additional documents include proof of investment and new company certifications.

    2. Change or Addition of Nature of Business:

      • Relevant licenses and updated company certifications are required.

    3. Addition of Family Members:

      • Certified copies of marriage and birth certificates and passport bio-data pages are needed.

    Application Process

    1. Compile all required documents according to the purpose (new application, renewal, or variation).
    2. Submit the application to the Zambia Immigration Department.
    3. Await inspection reports or further directives as needed.
    4. Receive the permit upon approval.

    Joombaah’s Expertise

    Navigating the Investor’s Permit process can be complex. Joombaah offers professional assistance, helping investors prepare documentation, submit applications, and ensure compliance with Zambian immigration laws. Contact us today to streamline your Investor’s Permit application.