Business entities in Swaziland

Business entities in Swaziland

Swaziland corporate structure and company set up requirementsHealy Consultants team of professionals will assist our Clients with incorporating the best optimal corporate structure befitting our Client’s preferred venture. There are various ways of doing business in Swaziland, the most common being the setting up of an LLC. Alternatively, foreign entrepreneurs can also incorporate a PLC, a Branch office or a Representative office.

The Swaziland limited liability company

  • The Swaziland LLC is commonly incorporated by entrepreneurs for setting up an SME. This entity can be setup with 1 director and 1 shareholder, both of whom can be non-resident foreign nationals. Furthermore, share capital of only US$1 will be required to complete the setup procedures;
  • An LLC will only be required to appoint an auditor if i) the number of shareholders in the company exceed 5 and ii) the share capital exceeds US$3.4 million;

The Swaziland public limited company

  • This Swaziland business setup is recommended when the promoters intend to publicly list the company. This entity can be setup with 7 shareholders and 2 directors, all of whom can be non-resident foreign nationals. Furthermore, share capital of only US$1 will be required to complete the setup procedures;
  • Unlike an LLC, a PLC is required to appoint an auditor within 30 days from receiving the approval to start the business operations;

The Swaziland branch

Swaziland Corporate law allows 100% ownership on branches of foreign companies incorporated in the Kingdom. The range of operations for this particular entity will be determined by the Swazi corporate laws. Additionally, the branch office will have an independent management team and a corporate bank account in Swaziland.

The Swaziland representative office

While the Swaziland representative office can be 100% foreign owned, it is not allowed to make any direct sales with Swaziland. Consequently, this entity can only engage in i) market research and ii) promoting the business of the parent company.

 LLCPLCBranch officeRep office
How long to set the company up?8 weeks12 weeks10 weeks8 weeks
How long to open company bank account?4 weeks4 weeks4 weeks4 weeks
Legal liability?LimitedLimitedUnlimitedUnlimited
Wholly foreign owned?YesYesYesYes
Minimum capital required?US$1US$1NANA
File annual tax return?YesYesYesNo
Tax registration certificate required?YesYesYesNo
Recommended corporate bank account?Standard BankFirst National BankNedBankSwaziBank
Does our Client need to travel?NoNoNoNo
Resident director required?NoNoNoNo
Resident shareholder required?NoNoNoNo
Minimum directors allowed?1211
Minimum shareholders?17NANA
Tax identification code (TIN) needed?YesYesYesNo
Swaziland resident company secretary required?NoNoNoNo
Corporate shareholders allowed?YesYesYesYes
Corporate director(s) allowed?NoYesNoNo
Swaziland corporate tax rate?28%28%28%0%
Annual financial statements required?YesYesYesNo
Statutory audit required?NoYesNoNo
Regulated by?Ministry of Commerce, Industry & TradeMinistry of Commerce, Industry & TradeMinistry of Commerce, Industry & TradeMinistry of Commerce, Industry & Trade
Allowed to issue sales invoices?YesYesYesNo
Allowed to sign contracts?YesYesYesNo
Allowed to import and export goods?YesYesYesNo
Can rent an office space in Swaziland?YesYesYesYes
Can buy Swaziland property?YesYesYesNo
Can own equity in other Swaziland companies?YesYesYesNo
Total Swaziland business setup costs in Yr. 1US$13,800US$16,800US$13,800US$13,000
Subsequent annual costs (incl. accounting and tax fee)US$4,200US$5,450US$4,200US$4,200
Sample engagement invoiceSwaziland LLC setup costSwaziland PLC invoiceSwaziland Branch office invoiceSwaziland RO invoice

Contact us

For additional information on our business setup services in Swaziland, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon