Tentmaker Reports

Zimbabwe Report

Entrepreneurial Missions Index


General Information


14,149,648 (67th most populous country in the world)

Indigenous Beliefs24%
Muslim and Other1%
Tribal Dialects


Mining, steel, wood products, cement, chemicals, fertilizer, clothing and footwear, foodstuffs, beverages

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Zimbabwe, visit https://www.cia.gov/library/publications/the-world-factbook/geos/zw.html.

Business Information

The World Bank ranks Zimbabwe as 172 out of 183 economies in terms of ease of doing business. The country ranks as 145 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Zimbabwe.

In order to start a business in Zimbabwe, one must follow these procedures:

  1. Register the company name with the Chief Registrar of Companies
  2. File memorandum and articles of association with the Registrar of Companies
  3. Register with the tax authorities for income tax, VAT, and PAYE
  4. Register with the National Social Security Authority for pension and Accident Prevention and Compensation Scheme
  5. Register with the Manpower Development Fund
  6. Pick up the form of license application notice from the City Health Department
  7. Advertise on a local newspaper the application for a trade and business license
  8. Submit an application form for issuance of new licenses to the Licensing Office in Harare Municipality
  9. Licensing officers visit the company site
  10. Obtain the trading license

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Zimbabwe, visit http://www.doingbusiness.org/.


To learn more...


Zimbabwe Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
1A General government consumption spending as a percentage of total consumption 0
Area 1-A Data 43.3
1B Transfers and subsidies as a percentage of GDP 7.7
Area 1-B Data 8.8
1C Government enterprises and investment 6
Area 1-C Data 29.9
1Di Top marginal income tax rate 3
Area 1-Di Data 46
1Dii Top marginal income and payroll tax rates 3
Area 1-Dii Data 46
1D Top marginal tax rate 3
1 Size of Government: Expenditures, Taxes, and Enterprises 4.2
2A Judicial independence (GCR) 1.7
2B Impartial courts (GCR) 1.8
2C Protection of property rights (GCR) 1.8
2D Military interference in rule of law and the political process (CRG) 4.2
2E Integrity of the legal system (CRG) 5
2F Legal enforcement of contracts (DB) 5.4
2G Regulatory restrictions on the sale of real property (DB) 4.4
2 Legal Structure and Security of Property Rights 3.5
3A Money growth 0
Area 3-A Data 224.1
3B Standard deviation of inflation 0
Area 3-B Data 10685.91
3C Inflation: Most recent year 0
Area 3-C Data 24411.03
3D Freedom to own foreign currency bank accounts 0
3 Access to Sound Money 0
4Ai Revenues from trade taxes (% of trade sector) 5.1
Area 4-A(i) Data 7.3
4Aii Mean tariff rate 6
Area 4-A(ii) Data 20
4Aiii Standard deviation of tariff rates 0
Area 4-A(iii) Data 32.6
4A Taxes on international trade 3.7
4Bi Non-tariff trade barriers (GCR) 4
4Bii Compliance cost of importing and exporting (DB) 1.2
4B Regulatory Trade Barriers 2.6
4C Size of the trade sector relative to expected 4.4
4D Black-market exchange rates 0
4Ei Foreign ownership/investment restrictions (GCR) 2.8
4Eii Capital Controls 0
4E International Capital Market Controls 1.4
4 Freedom to Trade Internationally 2.4
5Ai Ownership of banks 8
5Aii Foreign bank competition 9
5Aiii Private sector credit 6.4
5Aiv Interest rate controls/negative real interest rates 0
5A Credit Market Regulations 5.8
5Bi Minimum wage (DB) 0
5Bii Hiring and firing regulations (GCR) 2.4
5Biii Centralized collective bargaining (GCR) 2.9
5Biv Mandated cost of hiring (DB) 8.8
5Bv Mandated cost of worker dismissal (DB) 0
5Bvi Conscription 10
5B Labor Market Regulations 4
5Ci Price controls 0
5Cii Administrative requirements (GCR) 2.2
5Ciii Bureaucracy costs (GCR) 6.2
5Civ Starting a business (DB) 3.6
5Cv Extra payments/bribes (GCR) 4.1
5Cvi Licensing restrictions (DB) 0
5Cvii Cost of tax compliance (DB) 7.1
5C Business Regulations 3.3
5 Regulation of Credit, Labor, and Business 4.4
Rank c 141

Zimbabwe Summary


1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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