South Africa Resident Company Formation
South Africa, officially the Republic of South Africa (RSA), occupies the southernmost position on the African continent. This vast nation is blessed with a coastline stretching 2,798 kilometers (1,739 mi) along the South Atlantic and Indian Oceans to the south, while its northern borders neighbor Namibia, Botswana, and Zimbabwe. To the east and northeast, South Africa shares its boundaries with Mozambique and Swaziland, and within its territorial embrace lies the kingdom of Lesotho.
South Africa stands as a land of superlatives, being the largest country in Southern Africa and ranking as the 25th-largest nation globally by land area. With an impressive population of nearly 56 million people, it secures the 24th spot among the world’s most populous nations. Notably, South Africa holds the unique distinction of being the southernmost country within the Old World or the Eastern Hemisphere. Its population is a tapestry of diversity, with approximately 80 percent of South Africans tracing their ancestry to Sub-Saharan Africa. This multitude comprises various ethnic groups speaking a rich tapestry of African languages, with nine of them holding official status. In addition to this, the remaining portion of South Africa’s population encompasses some of Africa’s most substantial communities of European (White), Asian (Indian), and multiracial ancestry.
The South Africa of today stands tall as one of the most sophisticated and promising emerging markets globally, proudly wearing the mantle of being the economic powerhouse of the African continent. One of the compelling reasons behind South Africa’s emergence as a favoured destination for trade and investment is its unwavering commitment to meet the specific trade and investment requirements of prospective investors, a commitment well served by the establishment of South Africa Resident Companies.
It’s crucial to underscore that South Africa Resident Companies hold no offshore status, as there is no offshore legislation governing such entities within South African jurisdiction.
South Africa’s proactive stance towards investment is exemplified by an array of investment incentives and industrial financing interventions designed to stimulate commercial activity. Furthermore, the country’s trade policies are strategically aligned to promote the growth of its vibrant international trade sector. South Africa Resident Companies, operating within this dynamic economic ecosystem, play a pivotal role in connecting global investors with the wealth of opportunities that abound in this thriving nation. Their establishment facilitates a bridge between the world and the boundless potential that South Africa, as a resident company, has to offer.
If you are interested in a South Africa Bank Account Opening, you can contact us any time.
Advantages of South Africa Resident Company Formation:
If you are interested in South Africa Resident Company Formation, you can contact us any time.
Summary of South Africa Resident Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Private Limited Company – Also known as Pty.Ltd. |
| Corporate Legislation | Companies Act 71 of 2008 |
| Taxation | Standard Corporation Tax – 28% Tax on Dividends – 15% Standard VAT rate – 15%, for sales to local customers. |
| Currency | South African Rand (ZAR) |
| Paid up capital requirement | Paid up capital required only 1 ZAR |
| Time zone | UTC +2 |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders can be 100% foreign | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Optional (can provided by Consil Formation) |
| Local Secretary required | No |
| Registered office required | Yes, local |
| Share Capital | |
| Standard Currency | ZAR. The Share Capital can be also in US$ |
| Standard Authorized Capital | 1 ZAR |
| Minimum paid up capital | 1 ZAR |
| Accounting Requirements | |
| Preparation of accounts | Required (can be completed by Consil Formation) |
| Requirement for audit | Yes (can be completed by Consil Formation) |
| Accounts public accessible | Yes |
| Requirement to file Annual Return | Yes (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your South Africa Resident Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.