Until recently, any crypto-currencies were not listed on these islands, but in light of the rapid development of the crypto-industry around the world, now this jurisdiction has become one of the most promising and popular places for obtaining a crypto-license. Below we will look at the main aspects of crypto-regulation and the procedure for obtaining…
In the dynamic monetary field of Singapore, achieving an Electronic Money Institution (EMI) permission is a pivotal step for enterprises aiming to operate in the digital payments sector. This comprehensive article explores the intricacies of acquiring an EMI permission in Singapore, including the adjustment substructure, application process, operational conditions, and strategic considerations for accordance and…
Malaysia is one of the first countries to introduce cryptographic regulation policies. Under such policy, crypto-currencies are classified as securities, and according to Minister of Finance, the Malaysian governmental authorities believe that crypto-currencies and blockchain-technologies have tremendous potential to stimulate economic progress. It is believed that digital assets and their underlying blockchain technology can help…
The Dubai Worldwide Financial Centre (DIFC) is a pivotal hub for global finance in the Middle East, providing a sophisticated and business-friendly circumstances designed to facilitate growth and invention in the economic sector. As one of the world’s premier monetary free zones, DIFC supplies a unique adjustment and legal substructure, attracting a broad array of…
Overview An Australian Financial Services License (AFSL) licensed company for sale, established in 2004 and holding a credit license, is available for sale. This company is authorized to conduct comprehensive financial services and is perfectly suited for immediate operational commencement. Company Details Registration Year: 2004 Bank Account: Maintained with St. George Bank Support: Assistance with…
Overview This Securities Dealer licensed company for sale in Seychelles and registered in 2023, is currently available for sale. It operates under full compliance with local regulations, presenting a clean and streamlined opportunity for immediate operational takeover. Company Details Location: Seychelles Registration Year: 2023 License Type: Securities Dealer License Staffing and Infrastructure Staff Composition: The…
This is a new investment opportunity – AFSL license in Australia for sale. Please check out the main details regarding this proposal below. AFSL license in Australia for sale: key considerations Active company licensed by Australian Securities & Investments Commission (ASIC) in 2023; Allowed activities (financial product advice, deal in a financial product, custodial or…
Corporate Overview Establishment Year: 2018 Capital Structure: CHF 100,000 Licensing: Licensed as a Portfolio management company in Geneva for sale by FINMA in 2022; previously operated under SRO status. Business Operations of Portfolio management company in Switzerland for sale Core Activities: Specializes in providing financial advice and asset management services. Additional Capabilities: Authorized to establish…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40What is included:
Cost: on request.
In South Africa, companies are divided by law into commercial and non-profit companies. The company must be registered as an external company. The most common forms of doing business are private companies and branches.
A company is a resident if it is registered in South Africa or effectively operates within the country. Which means that if any company has its current directors and effective management are located within – such company would be considered as a resident.
Residents are taxed on worldwide income; non-residents are taxed on income from South African sources and on capital gains caused by real estate transactions from foreign sources and income from selling the assets of a permanent establishment.
Branches are generally taxed in the same way as permanent establishments.
Income tax is levied on profits, which consist of income from the activities of the company, passive income and capital gains. Expenses incurred whilst generating income can be excluded from taxable income. The rate is usually 28% for companies and affiliates.
Companies must file their tax returns annually during the period determined by the South African Revenue Service (SARS). Preliminary tax payments should be made twice a year based on the assessment of the final tax amount.
The first should be done in the first half of the year and the second one – in the second half of the year. If advance tax payments are less than the final tax liability, additional payment must be made within six months after the end of the tax year.
VAT is levied on the services provided and goods sold. The standard rate is 15%.
VAT registration is obligatory for companies that have a turnover of goods and services with a zero VAT rate of 1 million ZAR per year.
All countries that receive services or sell goods in South Africa register should register their VAT payer status when this threshold is exceeded. In particular, those companies which have activities that meet special regulation in South Africa.
Please feel free to join our telegram channel in order to keep updated for the new offers for ready-made companies for sale.
Every day we have new jurisdiction to offer a ready-made turn-key solution! We work worldwide.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.