Online Trust Registration - ChimukaMafunga Commercial Attorneys

Online Registration Experience

First Name

Surname

Email Address

Phone Number

Proposed name of the Trust

Rationale/reasons for setting up the Trust

Trust period/termination conditions/perpetual Proposals

Type of Trust

Revocable living Trust (state when it becomes revocable) Irrevocable Living Trust Testamentary Trust (upload the Will that indicates formation of the trust) Discretionary Trust

Special Requirements and any other information you want us to incorporate in the trust.

Initial settled property

Origin of Assets to be settled – Source of income

Other Sources of income

Name

Family Name

Former Name

Occupation

ID or Passport Number

Nationality

Date of Birth

Address

Email Address

Phone Number

Special Instructions regarding this Beneficiary

1. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

2. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

3. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

4. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

5. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

6. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

7. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

8. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

9. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

10. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

11. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

12. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

13. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

14. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

15. Name of Individual or Legal entity

Category

Settlor/Founder Beneficiary Trustee

Upload ID and proof of Residence

Financial Year End

Other (Specify)

Bank Account Opening

Obtain a ZIMRA bank advice note for opening bank account

Declaration of the Settlor

1. I/We the undersigned being the Settlor(s) of the proposed Trust confirm that I/we understand and acknowledge that Chimuka Mafunga Commercial Attorneys (‘CMCA’) may be requested to disclose our identity and provide information and release documentation relating to the verification of my/our identity(ies), address(es) and good standing and those of the Trust beneficiaries to the Banker, Stockbroker, Discretionary Investment Portfolio Manager (as the case may be and in order to satisfy their own “Know Your Client” requirements of the Trust and I/we hereby confirm that I/we consent to the disclosure of such information in respect of myself /ourselves and my/our minor children for the purposes of opening such bank, stockbroking or investment account (as the case may be) provided that is in the pursuance of business or operational activities of the trust.

2. I/we understand that separate authority may be required from third parties for the release of their own personal information and that such cases will be dealt with on an individual basis.

3. I/we confirm that I have neither been offered nor have I received legal and tax advise from CMCA.

4. I/we confirm that I have taken appropriate legal and tax advice with regard to the establishment of the Trust and acknowledge that it is my/our responsibility to obtain legal and tax advice before transferring any assets to the Trust and to review such advice on a regular basis to ensure it is appropriate to my/our personal circumstances.

5. I/we hereby confirm that I have not, and none of the named beneficiaries nor any Trust holding, a beneficial interest has, in any part of the world been declared bankrupt/insolvent or has a director or otherwise concerned in the management of any company or trust which has been subject to insolvent liquidation or been the subject of judicial enquiry or has been disqualified from acting as a director in any jurisdiction.

6. I/we as Settlor(s), declare that I am/we are solvent and not intent to defeat foreseeable creditors

7. I/we the undersigned being the Settlor(s)of the proposed Trust declare that the particulars and information provided in this form are accurate and complete to the best of my/our knowledge and belief. I/we understand that receipt of this order form by CMCA does not imply acceptance and that the Trust will be established only after the business acceptance policies and procedures put in place by CMCA have been satisfied.

8. I/we hereby authorise CMCA to release information to the person(s) contained in 3.0 above.

9. I/we hereby confirm that I/we are the sole owner(s) of the assets to be transferred to the Trust and that such assets are free from encumbrances and are not subject to any third party claims or rights.

10. I/we confirm that I/we have read and will abide by the Mandate and Terms of Business or such other new Terms of Business as may, from time to time be communicated to me/us by CMCA.

11. I/we agree to the fees set out and understand that future fees will be charged in accordance to the Schedule. Completed by Settlor(s)

Signature

ID or Passport Number

Date

Signature

ID or Passport Number

Date

Email Indemnity Required

Yes No

Release information to third parties

Please indicate if you require information to be released to third parties such as your accountant/legal advisor/investment advisor. We will prepare an authority letter for your signature from the details you provide. This authority will remain in force until cancelled.

Title

Full Name

Address

Telephone no.

Email Address

Client engagement procedures and Guidance Notes

Our overriding statutory duty regarding the prevention of terrorism, drug trafficking and money laundering means we are committed to undertaking full and thorough due diligence of both our clients’ identities and the nature of their businesses. We are obliged by law to obtain the following information relating to all beneficial owners, directors, shareholders, bank account signatories, grantees of powers of attorney and all parties connected in any way to the company:

• Proof of Identity
• Source of Wealth
• Proof of Residential Address
• Bankers References
• Curriculum Vitae

Proof of Identity
1. To establish the identity and signature of all Parties mentioned in your application clients must provide a copy of ONE of the following:
• A certified copy of a current valid Passport or National ID number

Proof of Residential Address
An original or certified copy of a recent bank statement or utility bill which should not be older than 3 months and whereby the name of the client and his physical address are clearly shown.
An original affidavit from someone who has his name on a utility bill of your physical address will suffice by CMCA as an alternative.
- If unable to supply please contact us

Bank Reference
We require a bank reference from each individual/signatory or officer of the proposed entity. Please note the reference shall not be older than 3 months and shall contain the following information;
• The reference should be on the Bank’s Letterhead
• State the Full Name and Residential Address of the Individual
• Length of relationship with the client (over 24 months required)
• Conduct of the account over the banking relationship (confirmation that the account has been conducted satisfactorily till date)
• Name/Position of Banking Officer

Phone

Email Address

Date

Bank Address

The reference should be directed to the Partners of CMCA - If unable to supply please Contact us

Source of Wealth
A statement is required from the principal(s) providing a brief description as to the origins of his/her wealth and the period over which the wealth was generated.

Curriculum Vitae
In order to understand our clients’ background and to assist in the opening of bank accounts we require information about our clients’ work experience, education and qualifications.

Delivery of Original Documentation
These may be emailed to us for review but the originals must be sent to us by courier, mail or hand delivery. All documents must be in English or if not then a translation from an independent accredited translator should be attached.

Please Read Our Online Registration Service Terms and Conditions and Privacy Policy the Check the below Acceptance Clause

I declare that I have read and understood the Terms and Conditions as well as the Organisation's Privacy Policy. I also acknowledge that the Information supplied in this application to be correct and I am liable to charges that may arise as a result of an error contained thereof or misleading Information supplied in this document!

Company Registration FAQs

Why should I register a company?

Incorporating a company has many benefits including but not limited to the following:

(i) a company has separate legal entity, and therefore you are not liable personally for debts as you would be as a sole trader,

(ii) as you only pay corporation tax on taxable profits at a fixed rate, you are not susceptible to paying higher rates of income tax as you would on your personal income,

(iii) you are also eligible to claim more respite in terms of tax-deductible costs that can help lower the amount of your corporation taxable income each year,

(iv) the ability to raise capital and encourage investment into your business,

(v) as your company has a more established profile, investors are more likely to have confidence than when dealing with a sole trader,

(vi) a company has perpetual succession, it exists beyond a natural person, and

(vii) operating under a limited status can often improve your credibility and create a more professional impression, which can lead to more business and higher profits in the long run.

What type of a company do you recommend me to register?

A private limited company.

What information/ documentation do you require from me?

(i) 1 to 5 proposed names for your company (in order of preference),

(ii) the main objectives of the company,

(iii) the full names, ID numbers and addresses of at least one shareholder, two directors and company secretary (with copies of the ID’s), and

(iv) physical and postal address of the business.

Do I get a tax clearance after registering a company?

Tax Registration and ITF263 (Tax Clearance registration) is another process which takes from two to ten days.

What are the payment methods you accept for Registration Fees?

We accept funds transferred or deposited into our trust account details below:
Account Name: ChimukaMafunga Commercial Attorneys Trust
Bank: NMB Bank
Branch: Excellence Centre
Account Number: 350051198

How will I be kept informed about my case?

We have numerous ways of updating our clients including the conventional email, mobile message or call. We also have a portal in which our clients can login and obtain further details on the matters we are handling for them. In addition, we have developed an App which allows users to also obtain updates on their matters.