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South Africa

South Africa

Capital: Pretoria.
Official languages: Afrikaans, English, Zulu, etc.
Currency: rand.

Карта South Africa

Company registration provides the following benefits:

 

  • Access to the developed and capacious South African market, as well as the opportunity to enter African markets.
  • Government support for new and developing companies. Opportunity to receive benefits and grants.
  • Historically low inflation and relative financial stability.

The Republic of South Africa is a country located at the southern tip of the African continent. The country is washed by the waters of two oceans - the Atlantic and Indian.

 

South Africa's economy is the second largest in Africa. The key sectors of the economy are mining, agriculture, tourism, and services. The food, chemical, and metallurgical industries are developed.

 

In recent years, South Africa has been actively developing economic and political cooperation with the BRICS countries.

Features of taxation and reporting

Companies are required to file tax returns monthly or quarterly. It is necessary to maintain accounting records and prepare financial statements in accordance with IFRS annually.

There are penalties for firms not complying with reporting requirements.

  • The corporate income tax rate is 28%.
  • VAT is set at 15%.
  • Companies pay tax on dividends at a rate of 20%.
  • Social insurance and accident insurance contributions are paid from the wage fund.

Company registration

Time frame for company registration: 3-6 weeks.

The best option for business in South Africa is to register a Pty LTD (Proprietary Limited). This is one of the most convenient and easiest to register and manage legal forms, which is preferred by most businessmen.

Additional services: Opening a bank account – about 5 working days.

To register a company remotely, you will need to provide the following information:

  • Choosing a company name: three options are required.
  • Notarized copies of ID for all participants.
  • A document confirming the residence address of all participants (utility bills, bank statements indicating the address) with notarization.
  • Bank statement no older than 3 months from the date of application.

A quick guide to registering a company in South Africa:

To quickly register a LTD in South Africa, contact IT-OFFSHORE specialists. The cost of our services includes:

  • Preparation of documents (collection, filling, notarization, etc.).
  • Company registration.
  • Payment of all government fees.
  • Registration agent services for 1 year with the possibility of extension.
  • Translation services.
  • Delivery of registration documents to any address.
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The bottom line

Registration of a company in South Africa is not only a legislative process, but also a strategic step towards successful business. Awareness of all aspects and consistent compliance will enable entrepreneurs to enjoy the benefits of the Indian business sector. We recommend consulting with IT-OFFSHORE lawyers to avoid possible legal consequences and ensure compliance with laws.

 

We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.

Add the right parameters for your company:

€2740

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