Investment framework and opportunities in Zambia
Procedures Relative to Foreign Investment
- Freedom of Establishment
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In general, Zambian law does not restrict foreign investors in any sector of the economy, although there are some limitations. For example, all land in Zambia is state land, thus there is no private land in the country (titles of land owned by foreigners are for 99 year state leases and ownership is not conferred); moreover, all internationally licensed firms operating a domestic cellular telephone network are obliged to offer 10% of shares on the Lusaka Stock Exchange prior to entering the market.
Foreign and domestic private entities have a right to establish and own businesses, as well as engage in all forms of remunerative activities, though investment board approval is required to transfer an investment license for a given enterprise to a new owner.
- Acquisition of Holdings
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An approval from the investment board is required to transfer an investment license for a given enterprise to a new owner.
- Obligation to Declare
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All investment proposals have to be screened by the ZDA board, who normally reaches a decision within 30 days. In case of refusal, applicants have the right to appeal the investment board's decisions.
- Competent Organisation For the Declaration
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Patents and Companies Registration Agency (PACRA)
- Requests For Specific Authorisations
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Immigration Headquarters are responsible for issuance of investors permits to deserving foreign investors.
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Latest Update: April 2024
Zambia: Investing in Zambia
