Eternity Law International News Company registration in South Africa

Company registration in South Africa

Published:
December 23, 2020

South Africa is a jurisdiction that contributes to bringing business to the international level in the shortest possible time and offers favorable conditions for optimizing the tax burden. In this country, it is profitable to conduct a business related to the export and import of goods, since there is no tax duty on capital increases, to create holding companies and other firms.

Registration forms and requirements for companies in South Africa

You can register a company in South Africa in the form of a PLC. This type assumes that a minimum of 2 members are included in the company. In addition, you can select the PC form to create a company. Such a company can only consist of 1 person. Initial capital has a minimum value of RR100,000. During registration you need to pay 25% of this amount. Organizations have the right to issue shares, which can be transferred in case of obtaining consent from all shareholders.

Profits of registration a company in South Africa

South Africa has a good reputation for being a stable and loyal offshore zone, especially for non-residents. The legislation introduced special conditions under which the founders can create a company as quickly as possible and get the first profit as soon as possible. For foreign investors, South Africa is a profitable jurisdiction for several reasons:

  • Transparent tax policy. Non-resident companies registered in South Africa, but not operating directly within the jurisdiction, are exempt from income tax.
  • Several (45) relevant agreements have been signed by the state to avoid double taxation.
  • High level of infrastructure development and its stability. A huge financial potential is concentrated in South Africa, which, in turn, is a favorable environment for the development of commercial projects. The legal and banking spheres are well organized, which the government pays close attention to.
  • Possibility to use nominee services. Founders can significantly save time and money by resorting to the help of nominees, since in this case the founders of the company do not need to personally stay in the country, select an office, etc. All formalities related to the lease are undertaken by the resident denominations.

If you need to register a company in South Africa, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in South Africa. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

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