Registering a company in South Africa in 2020

Registering a company in South Africa in 2020

Are you in the “active search” of jurisdictions for opening a business abroad? Or you want to find new partners and customers in other continents? All this is possible, if you decide to register a company in South Africa.

The Republic of South Africa is a country, where the economy is developing dynamically. A jurisdiction views favourably to foreign businessmen. This is a low and flexible tax jurisdiction. It is a member of G20. By the way, this is the only African country, that is included in the G20.

YB Case specialists will help you to register a company with a full foreign ownership in South Africa and tell you in detail what is necessary for this.

A most popular legal form in the Republic of South Africa

Those, who want to register a company in South Africa, should know, that a most popular form is Limited Liability Company. A name of such companies should include “PTY Limited” or “Proprietary Limited”. You can register LLC in South Africa for export and import of products/services. This is beneficial and promising, especially for cooperation with EU countries, because in this case there is no question of value added tax.

The following legal entities are not taxable:
  • Companies from the Republic of South Africa, that do not conduct a business in South Africa;
  • Holding enterprises.

These companies only need to report that there is no business activity in South Africa.

How to register a company in South Africa: features, nuances, conditions

Mandatory conditions: at least one director and one shareholder.

A first step will be the selection and confirmation of a name, a second step is a preparation of documentation. You must also pay the mandatory fees and apply at CIPC. You may need to certify with apostille the package of documents.

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In order to set up a company in the Republic of South Africa, you need the following documents:
  • a copy of the foreign passport;
  • a confirmation of residence.
  • a certificate of registration and a Charter;
  • a foundation agreement;
  • other documents, that our lawyers will describe in more detail.
Benefits, that you will receive after registering a company in South Africa:
  • new markets;
  • new partners;
  • a stability and increase in income;
  • a low or even “zero” taxation;
  • a prospect of cooperation with any other jurisdictions and banks in the world.

Our company will answer all your questions about registering a South African company. We are ready to provide you with qualified support in opening a company with a full foreign ownership in South Africa or any other jurisdiction within a short time.

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