Type of Government
Multi party democracy with a written constitution containing a bill of rights.
Forms of Business Organisation
- Private or public limited liability company
- Company limited by guarantee
- Unlimited company
- Foreign company branch
- Partnership
- Sole trader
Formation of a Business
Companies and foreign companies must be registered with the Registrar of Companies in Lusaka. Partnerships and sole traders trading under a name other than their own must register their business name. Various registrations are required for tax purposes, national provident fund and workmens compensation. Business licences are required for certain activities.
Taxation
Tax is levied on income from actual and deemed Zambian sources. The corporate and marginal personal tax rate is 35% but income from farming and the export of non- traditional exports is taxed at 15%. In addition there is:
