Investor’s Notice: License Renewal Procedure and Grace Period Extension
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.
