Company Formation in South Africa
Africa
Overview
South Africa is an optimal destination for international business, especially for export/import activities and forming holdings, largely due to the absence of capital gains tax for non-residents conducting business outside the country. It offers a transparent tax system and allows for the use of nominee services, providing a flexible and profitable environment for non-residents. The country boasts a highly developed and stable infrastructure, including a sophisticated legal services market and banking sector.
Our Process
Step 1: Choose Company Type and Name
Decide between a PLC (requiring minimum two participants) or PC (requiring minimum one founder) and reserve your unique company name.
Step 2: Prepare Documents and Capital
Prepare all necessary incorporation documents and ensure the minimum share capital of ZAR 100,000 is available, with at least 25% paid upon registration.
Step 3: Company Registration
Submit all documents for official registration with the relevant South African authorities.
Step 4: Corporate Bank Account Opening
Facilitate the opening of a corporate bank account with a local or international bank in South Africa.
Key Requirements
- Minimum 1 shareholder (for PC) or 2 shareholders (for PLC)
- Minimum share capital of ZAR 100,000 (25% paid up at registration)
- Registered local address
- Company secretary (common practice)