Incorporating in South Africa

Incorporating a South Africa entity is a legitimate corporate vehicle located in a rapidly-expanding part of the world.

Incorporating in South Africa requires little financial risk as there is no minimum capital requirement when incorporating a South Africa entity.

Incorporating in South Africa can be financially rewarding and investors can take advantage of a growing local economy.

Foreigners incorporating in South Africa can set up a company in South Africa with 100% ownership.

Investors incorporating a South Africa entity should note, a resident director is not required when incorporating in South Africa.

Investors incorporating in South Africa should note South Africa has the world's 73rd-freest economy, according to the Heritage Foundation's 2010 Index of Economic Freedom.

Incorporating in South Africa takes time, the process can be slow and cumbersome.

Healy Consultants offers consulting services including i) merger and acquisition advisory ii) business due diligence iii) internal audit support iv) business process re-engineering to support clients incorporating a South Africa entity.

Healy Consultants offers accounting and taxation services including i) corporate structuring ii) minimising withholding tax iii) tax returns and financial statements iv) payroll and investments to support clients incorporating a South Africa entity.

Healy Consultants can obtain corporate finance, trade finance and establish merchant accounts to support clients incorporating in South Africa.

After incorporating a South Africa entity, our clients engage Healy Consultants to open a corporate bank account for the South African company, enhancing the process of incorporating in South Africa. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Healy Consultants offers human resource support for clients incorporating a South Africa entity including i) South African employment and entrepreneur visas ii) staff recruitment in South Africa iii) payroll support and iv) local business address in South Africa for invoicing purposes, together with telephone, fax and email support.

Healy Consultants provides marketing services including i) business website building ii) search engine advertising iii) designing stationery and logos iv) market research v) media advertising.

Investors incorporating a South Africa entity should note, according to the 2011 Corruption Perceptions Index by Transparency International, South Africa is perceived as the world's 64th least corrupt country.

Healy Consultants offers IT support services for clients incorporating in South Africa including i) hardware purchasing and configuration ii) office network configuration iii) business website design and maintenance iv) server maintenance.

There are important tax considerations to consider when incorporating in South Africa. The basic corporate tax is 28%. In addition there is a secondary tax of 10% levied on South African resident companies on dividends declared and capital gains tax is 15%.

Healy Consultants can provide virtual office services to support incorporating a South Africa entity including i) providing office space in South Africa to clients ii) a business address in South Africa for invoicing purposes iii) phone, fax and email support and iv) global call centre support.

Investors incorporating in South Africa should note that it is relatively easy to open corporate bank accounts all over the world to support incorporating a South Africa entity.

When incorporating a South Africa entity, Healy Consultants offers international corporate bank account opening with world-class multi-currency internet banking to support clients starting a company in South Africa.

Although no resident director is required when incorporating a South Africa entity, setting up a company does require one key component. After incorporating in South Africa, foreign companies are required to appoint a South Africa-resident auditor.