Company registration in Africa

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Company registration South Africa is gaining popularity among foreign investors. This is due to a number of factors. Favorable conditions have been created here for attracting investments from around the world and stimulating commercial activities. The SBSB Fintech Lawyers team provides consulting on all issues of qualified Africa business incorporation and provides comprehensive legal support in a turnkey manner.

Why Entrepreneurs Choose Business Registration South Africa — Jurisdiction Features

The country is rightfully considered the economic flagship of the African continent. It is a member of the G20 and is not included in the “black” lists of offshore jurisdictions. It is a promising place to start or scale in the international market. Local authorities are loyal to non-residents, offering tax incentives, investment stimuli, and simplification of procedures for obtaining permits or licenses for launching IT projects, fintech startups, mining enterprises, and other sectors of the economy.

An important advantage of the jurisdiction is the possibility to register company online South Africa. For this purpose, the Companies and Intellectual Property Commission (CIPC) has developed a special platform called BizPortal.

In South Africa, the corporate tax rate is 27%, and there is no currency control. In South Africa, non-residents pay tax only on profits earned in the jurisdiction. Depending on the structure of the organization and the amount of profit, companies may be eligible for tax exemptions. 

For official activities in the jurisdiction, the following business structures are allowed to be chosen:

  • private company limited by shares (PTY Ltd);
  • personal liability company (Inc);
  • publicly traded companies (PLC);
  • representative office or branch.

It is also possible to establish a non-profit organization or enterprise in the Industrial Development Zones (IDZ). You can get more detailed information at a consultation on expert African company formation. Contact us, and SBSB lawyers will help you implement projects in any country!

South Africa Registration Company — Main Requirements

Establishing a company in South Africa involves meeting the following conditions:

  • there must be at least one founder and one CEO in the company;
  • at the end of the name, you must indicate the abbreviation of the chosen organizational-legal form;
  • accounting must reflect transactions for one financial year.

If you plan to start a business in South Africa, contact SBSB experts! You are guaranteed professional company registration in Africa in the shortest possible time and in strict accordance with the legal norms of the jurisdiction.

The mandatory document package includes:

  • data on CEOs and founders;
  • a special certificate of name reservation on the CIPC website;
  • confirmation of the legal address;
  • articles of association.

Company registration in Africa has several stages:

  • checking the uniqueness of the name;
  • payment of registration fees;
  • opening a bank account;
  • payment of the share capital.

The SBSB team provides corporate services and individualized assistance for company registration in Africa or other regions. Leave a request for a consultation, and our lawyers will answer all your questions of interest.

Timeframes for Setting Up a Company in South Africa

The deadlines vary depending on the sphere of activity, the structure of the establishment, and the need for additional permits. Due to the simple requirements, it takes from 14 days to register a new business in South Africa. You can get more detailed information from our lawyers.

Contact SBSB Fintech Lawyers to Register a Business in South Africa 

Since 2013, SBSB Fintech Lawyers experts have been helping clients successfully launch projects in different regions. Our team is ready to support you at every stage of opening a company in South Africa or in other jurisdictions most suitable for your project. Qualified experts offer comprehensive legal support — consultations, document preparation, bank account opening, and solving all organizational issues. The African company setup services include developing corporate documentation and opening corporate accounts.

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Ivan Nevzorov

Head of Fintech Department

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