Business entities in Swaziland in 2022

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Healy 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.

  LLC PLC Branch office Rep office
How long to set the company up? 8 weeks 12 weeks 10 weeks 8 weeks
How long to open company bank account? 4 weeks 4 weeks 4 weeks 4 weeks
Legal liability? Limited Limited Unlimited Unlimited
Wholly foreign owned? Yes Yes Yes Yes
Minimum capital required? US$1 US$1 NA NA
File annual tax return? Yes Yes Yes No
Tax registration certificate required? Yes Yes Yes No
Recommended corporate bank account? Standard Bank First National Bank NedBank SwaziBank
Does our Client need to travel? No No No No
Resident director required? No No No No
Resident shareholder required? No No No No
Minimum directors allowed? 1 2 1 1
Minimum shareholders? 1 7 NA NA
Tax identification code (TIN) needed? Yes Yes Yes No
Swaziland resident company secretary required? No No No No
Corporate shareholders allowed? Yes Yes Yes Yes
Corporate director(s) allowed? No Yes No No
Swaziland corporate tax rate? 28% 28% 28% 0%
Annual financial statements required? Yes Yes Yes No
Statutory audit required? No Yes No No
Regulated by? Ministry of Commerce, Industry & Trade Ministry of Commerce, Industry & Trade Ministry of Commerce, Industry & Trade Ministry of Commerce, Industry & Trade
Allowed to issue sales invoices? Yes Yes Yes No
Allowed to sign contracts? Yes Yes Yes No
Allowed to import and export goods? Yes Yes Yes No
Can rent an office space in Swaziland? Yes Yes Yes Yes
Can buy Swaziland property? Yes Yes Yes No
Can own equity in other Swaziland companies? Yes Yes Yes No
Total Swaziland business setup costs in Yr. 1 US$15,800 US$18,800 US$18,300 US$21,300
Subsequent annual costs (incl. accounting and tax fee) US$4,200 US$5,450 US$6,700 US$7,950
Sample engagement invoice View invoice PDF View invoice PDF View invoice PDF View invoice PDF

Contact us

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