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.
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.