South Africa Company Formation

Live Chat by LivePerson

FEES SCHEDULE

Year 1 incorporation US$3,580 *

Annual fees from Year 2 US$2,280 *

Nominee shareholder/director fee
US$1,800 **

Company de-registration
US$2,450

* Includes government licence fees, registered office for 12 months, company secretary fees for 12 months

**Excludes US$1,100 refundable deposit.

South Africa company formation is a legitimate way for international business people to conduct business within the region and internationally. The following information will help to determine whether South Africa company formation is the optimum corporate structure to fulfill your international business objectives:

Advantages of South Africa Company Formation

South Africa company formation is cost-effective because of low government registration fees and the absence of a minimum capital requirement. For more information refer to our South Africa Company Set Up page.

100% foreign ownership of a South African company is permitted. A minimum of one shareholder and one director is required, and they may be the same person. The shareholder and director need not be resident in South Africa.

A South Africa close corporation is attractive for small businesses because it is faster and easier to incorporate. It is not required to register Articles of Association, and is comprised of members rather than shareholders or directors. Furthermore, the financial statements of a close corporation do not undergo an annual audit.

A South African company has access to double taxation agreements South Africa has signed with major trading nations, including Canada, France, Germany, India, Singapore, the UK and the US. For more information, refer to our Tax Planning in South Africa page.

South Africa has a Free Trade Agreement with the European Union (EU) which provides 95% of South Africa’s exports with duty-free access to the EU in the industrial goods and agriculture sectors.

Following South Africa company formation, Healy Consultants can open a corporate bank account with one of the world's leading retail banks, including HSBC, Standard Chartered and Citibank. For a wider overview of our services and capabilities, visit our Other services to support South Africa incorporation page.

Disadvantages of South Africa Company Formation

A South African company is liable to a corporate tax on profits of 29% and capital gains tax of 15%.

South Africa suffers from a negative international perception, reflected in its 55th place ranking in the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. Moreover, South Africa is negatively ranked as the world's 73rd freest economy in the Heritage Organisation’s 2010 Index of Economic Freedom a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.

A South African limited liability company is required to submit audited annual financial statements to the government.

Following South Africa company formation, details of shareholders and directors can be obtained from the office of the registrar.

According to the World Bank's Doing Business 2010 Survey, South Africa is the world's 34th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. It is also the world's 45th most competitive economy, according to the World Economic Forum's Global Competitiveness Report 2009-2010.

Contact Us
For more information on South Africa company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
Back to Middle East and Africa Company Incorporation page.
Back to Home page.

Buy Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com