South Africa (or the RSA) is a country in the southernmost part of the African continent. The key sectors of the South African economy include: agriculture, mining, winemaking & tourism.
Thanks to the stability of the South African economy, this jurisdiction attracts foreign investors from all over the world. If you’re looking to enter the African market, registering a company in South Africa would be the best choice for you.
Individuals seeking to register a company in South Africa can do it in one of the following organizational & legal forms:
- private company;
- public company.
Registering a South African company requires compliance with the following criteria:
- having a director (no less than 2);
- having shareholders (no less than 1);
- having the minimum share capital of six thousand two hundred euros;
- registering a unique company name;
- renting or buying office space;
- preparing a standard set of documents (notarized & translated into the required language).
Normally, establishing a company in South Africa takes up to 5 weeks.
The corporate tax in South Africa is 28%.
Reporting
Those seeking to open a company in South Africa are required to maintain & submit financial statements on an annual basis.They must also conduct an audit every year. Considering registering a company in South Africa? Need advice on company registration in South Africa? Why not contact IQ Decision UK?
