The Zimbabwe Investment and Development Agency wishes to advise its valued investors, that according to our regulations, all renewal applications are supposed to be submitted at least 3 months before the expiry date of such licence according to section 10 (1) of the General Investments Regulations, of SI 227 0f 2023. An investor is given a grace period of 3 months after the licence expiry to apply for renewal of such Licence at the cost of US$3,000.

All applications submitted post 3 months of the expiry date, will be treated as new applications in that they will pay a fee of US$5,000 according to Section 10 (3) of the regulations.

In light of the above, the Agency is extending a grace period up to 31 July 2024 for all investors with licences that are above the 3 month post expiry date category to submit their Investment Licence applications at a fee of US$3,000. Thereafter all late licence renewal applications that will be submitted from 1 August 2024 will be at a fee of US$5,000 as per the regulations.