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South Africa – Private Company
  • South Africa (South Africa) is located on the bottom edge of the African continent. South Africa is the most economically developed country in Africa, with a good infrastructure and communications, as well as a high level of financial, accounting and consulting services. In this regard, South Africa is often referred to as the "gateway to the African market", like Hong Kong, referred to as the "gateway to the Chinese market." The country is well-known in the world as its diamond industry. Until 1961, South Africa was a colony of Great Britain, and has the status of an independent republic in 1961.
  • One of the major enterprises in South Africa is a Private Company. Creating and managing this type of legislation regulates companies Companies Act of 2008.

GENERAL INFORMATIONTotal area – 1,220,000 sq km
Population – 47,900,000
Location - click here to see the map of offshore jurisdictions
Political status – republic
Capital – Pretoria
Official language – 11 languages, including English
Official currency – South African Rand (ZAR)
Time zone – GMT + 2
Company typePrivate Limited – (Pty) Ltd.
Directors/OfficersSouth African Pty companies require a minimum of 1 Director, who must be a natural person. No restrictions regarding a residence country of Directors.
Each South African Pty company must file a Register of its Directors with the South Africa Companies and Intellectual Property Office.
ShareholdersSouth African Pty companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each South African Pty company must file a Register of its shareholders with the South Africa Companies and Intellectual Property Office.
SecretaryThere is no statutory requirement for a Company Secretary to be appointed.
Authorised share capital Standard authorised capital = 100 shares with no par value.
There is no statutory requirement for capital to be fully or partly paid on incorporation.
Company Names The name of a South African Pty company must end with the words Proprietary Limited or abbreviature "(Pty) Ltd".
Company names containing restricted words such as "Bank", "Insurance", "Trust" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual ReturnAn Annual Return must be submitted every 12 months after the date of registration.
Filing of Financial StatementsA Financial Statement must be submitted every year.
Corporate TaxationTax rate for South Africa resident companies is 28%.
Tax TreatiesSouth Africa has concluded Double Tax treaties with more than 30 countries.
Timeframe for incorporation 8/12 working days. A complete set of company documents can be delivered in 5/6 weeks.
Takeover of management & secretarial services for an existing South Africa Pty. CompanyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in South Africa.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesWe are happy to register new company in this jurisdiction in accordance with client instructions.
Price of South Africa Pty. CompanyEUR 2,080, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 1,490 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year.
Also, there are additional fees for preparing of financial statement, depending on complicity of the statement.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments:
  • South Africa Company - tool having a certain individuality, since, in practice, South African companies are not used very often. At the same time, it should be noted that the legislation that would exempt the company from the tax in South Africa is not, so the activities of South African companies are usually based on the principle of agency-thrift.