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Many companies lose money because they do not fully understand Reverse Value Added Tax (RVAT) obligations and claims.
Effective 26 December 2025 What’s Changing The Bank of Zambia has directed that all domestic transactions must be settled in Kwacha (ZMW). Payments for goods and services within Zambia must be made in Contracts or invoices expressed in USD, Euro, or other foreign currencies must be settled in Kwacha, using the market exchange rate. If parties cannot agree on the rate, the official Bank of Zambia Kwacha/US Dollar mid-rate will apply. [embeddoc url="https://cgcso.co.zm/wp-content/uploads/2026/01/Client-Brief_BoZ-Currency-directive-2026.pdf"] Contact Us: Phone: +260 211 296011 / 12 / 13 | +260 960 628385 | +260 770 628385 | +260 953 083688 Email: cgcso@cgcso.co.zm...
Continue readingBy Beatrice, Legal Clerk at Corpus Globe Corporate Solutions (CGCSo)
In an era of rapid regulatory change, cross-border commerce, and increasingly complex corporate governance, the Articles of Association (the “Articles”) often sit quietly in the background, overlooked but essential.
By Jimmy, Legal Clerk at Corpus Globe Corporate Solutions (CGCSo)
A trust is essentially a legal relationship that exists between a settlor, a trustee and a beneficiary. These parties can either be individuals or legal entities.
By Adrian, Compliance and Governance Officer at Corpus Globe Corporate Solutions (CGCSo)
The Companies Act No. 10 of 2017 (the “Act”) affirms that while the day-to-day affairs of a company are managed under the supervision of its board of directors, ultimate authority rests with the shareholders, the true owners of the business.
Operating without a liquor license can lead to hefty fines, legal complications, or even closure.
By Marian, Immigration Specialist at Corpus Globe Corporate Solutions (CGCSo)
Securing an Employment Permit (EP) is one of the most crucial steps for foreign nationals who wish to work legally in Zambia. But what happens when an EP application is rejected?