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Setting up a business in South Africa has several advantages and the main ones are:
Company registration – from 2590 EURDetailed information
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.
IQ Decision 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.
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.
These companies only need to report that there is no business activity in South Africa.
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.
IQ Decision lawyers will answer all your questions about registering a South African company. We are ready to provide you with legal aid in opening a company with a full foreign ownership in South Africa or any other jurisdiction within a short time.
The information outlined in the article is actual at the time of its publication.
Please refer to our specialists for checking possible solutions for your business.
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