Swaziland company registration

DOING BUSINESS IN SWAZILAND IN 2022

pay fee by instalmentsbusiness setup without travelGuaranteed solutions

Since 2003, Healy Consultants Group PLC has assisted our Clients with Swaziland business registration. Our services include i) Country company incorporation ii) government license registration iii) business bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.

Compare different Swaziland entities Tax resident LLC Fast business setup solution Free zone LLC Representative office Branch office
Also known as Private company Nominee LLC Industrial area company RO Branch
Best use of company? All products and services Close Client deal now Manuf/ export trading Marketing/ research Specific projects
How soon can you invoice Clients/sign sales contracts? 6 weeks 4 weeks 3 months Cannot trade 6 weeks
How soon can you hire staff? 6 weeks 4 weeks 6 weeks 6 weeks 6 weeks
How soon can you sign a lease agreement? 1 week 1 week 1 week 1 week 1 week
How long to supply corporate bank account numbers? 6 weeks 4 weeks 6 weeks 6 weeks 6 weeks
How long to supply company registration/tax numbers? 6 weeks 4 weeks 6 weeks 6 weeks 6 weeks
Corporate tax rate on annual net profits? 27.5% 27.5% 27.5% Cannot trade 27.5%
Limited liability entity? Yes Yes Yes No No
Government grants available? Yes Yes Yes No Yes
Government approval required for foreign owners? Yes Yes Yes Yes Yes
Res. director/partner/ legal rep. required? No No No Yes Yes
Minimum paid up share capital? US$8 US$8 US$8 None None
Can bid for Government contracts? Yes Yes Yes No Yes
Corporate bank account location? Swazi Bank Standard Bank First National Bank Nedbank Swaziland Building Society
Can secure trade finance? Yes Yes Yes No Yes
VAT payable on sales to local customers? 15% 15% 15% Cannot trade 15%
Average total business set up engagement costs? US$15,800 US$35,500 US$15,650 US$21,300 US$18,300
Average total engagement period? 3 months 2 months 3 months 3 months 3 months

Swaziland company registration summary

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages and disadvantages

    Advantages of Swaziland company registration

    Register a business in Swaziland

    1. A Swaziland limited liability company can be incorporated within 2 months, with a minimum of two shareholders and one director of any nationality and residency. The minimum paid up share capital required can be as low as US$1 and our Client will not need to travel to complete the incorporation engagement;
    2. Dividends received by a resident company will be exempt from corporate income tax in Swaziland. Furthermore, there are no capital gains taxes or withholding taxes in Swaziland which makes registering companies in Swaziland highly attractive;
    3. English is Swaziland’s second official language, and is widely spoken by the population. Therefore, foreign investors will have no difficulty communicating with employees, customers and suppliers. Business documents are generally available in English, therefore translation costs and time can be saved when conducting business;
    4. Foreign investors enjoy numerous financial incentives on new businesses from the Swazi government including i) reduced corporate tax of 10% ii) a 10 year exemption from withholding tax on approved investment projects and iii) duty free importation of capital goods and raw materials;
    5. Although corporate tax rate is high at 27.5%, Swaziland businesses benefit from i) a VAT rate of only 15% ii) Social Security contributions of only 5% of gross salary and iii) no payroll tax. Total tax paid hence represent only 36% of their annual profits, to be compared with a 53% average among other African countries;
    6. Foreign investors also enjoy a number of guarantees from the Swazi government such as i) 100% foreign ownership of investments ii) equal treatment with the local companies iii) allowance to employ expatriate staff iv) guarantee against government interference or expropriation;
    7. Healy Consultants recommend our Clients to register either a PLC or a LLC instead of a Branch office in Swaziland. Branch office are indeed subject to an additional “branch tax” levied at a 15% rate on all profits earned;
    8. All the manufacturing and export-oriented companies are entitled to benefit from Swaziland’s numerous free trade and preferential trade agreements with its fellow African nations such as Common Market for Eastern and Southern Africa (COMESA), The Southern Africa Development Community (SADC) and the Southern African Customs Union (SACU). Moreover, the country is a signatory of the General Agreement on Tariffs and Trade (GATT) as well.

    Disadvantages of Swaziland company registration

    1. Our Clients will sell their products on the Swazi market, which suffer from i) low population of 1 million and ii) an average purchasing power below US$2 a day;
    2. Swaziland’s corporate tax rate is punitive, at a standard rate of 27.5% on all corporate profits;
    3. Our Clients incorporating a company in Swaziland will face frustrating delays. It indeed takes 2 months on average to setup a Swazi company and is poorly ranked as the world’s 121st best country to start a business;
    4. Swaziland has signed just a mere 3 double taxation treaties, which generally fail to reduce the tax burden of foreign entrepreneurs;
    5. Corruption in Swaziland is widespread especially in the public sector. The inefficiency of the Swazi court system always leads to investors opting for out of court settlements during disputes;
    6. Our Clients often find they need professional assistance to comply with Swaziland’s dual legal system (customary laws/Roman-Dutch laws). Healy Consultants will be pleased to assist with this difficult task;
    7. Foreign employers seeking to hire skilled professionals in Swaziland are going to face difficulty. This is majorly due to a huge gap in between the available skills in the Swaziland market and the desirable skill required by a foreign employer.
  • Best uses for a Swaziland company

    1. Swaziland is an excellent base from which to sell products to South Africa, which boasts i) a large consumer market, worth US$350 billion and ii) 52 million consumers, with the 4th highest purchasing in Africa.

Tell us what you need - we’ll send you a customised proposal in 5 hours!

Contact us

For additional information on our company registration services in Swaziland / Eswatini, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon