DOING BUSINESS & COMPANY REGISTRATION IN SOUTH AFRICA

South Africa at a Glance

South Africa is the Most Sophisticated and Developed Economy In Africa and has some high-class companies in finance, real estate and business services, manufacturing and wholesale and retail trade. South Africa is the ‘gateway to Africa’ for investors due to its comparative sophistication, ease of doing business, continental expertise and ability to act as a base for critical services (e.g. auditing) for doing business on the rest of the continent.

Strategically located at the tip of the African continent, South Africa is a key investment location, both for the market opportunities that lie within its borders and as a gateway to the rest of the continent, a market of about 1- billion people. it is the economic powerhouse of Africa and forms part of the BRICS group of countries with Brazil, Russia, India and China. It has a favorable demographic profile and its rapidly  expanding middle class has growing spending power.

Reasons why Investors prefer to Invest in South Africa Include the following;

  • The country has a wealth of natural resources and gets increasing attention from international markets.
  • World class infrastructure—South Africa is at the forefront of new green technology—creating jobs in the process.
  • Labour costs here are less than half that of European countries.
  • Healthy legal environment for business
  • South Africa has a large labour force consisting of skilled, semi-skilled and unskilled labor
  • South Africa has some of the most modern transport systems in Africa.

The Tax Regime in South Africa is Quite Straight forward with the Tax rate for personal Income ranging from 18 to 36 %, Corporation Tax is at 28% and Vat at 15%.

For over 1 decade now, East Africa Business Consultants Has assisted many clients with the following Key Company Set Up Services in South Africa;

  • Company registration in South Africa
  • Government Licenses Processing
  • Business Bank Account Opening
  • HR Recruitment and Management
  • Work Permit Processing
  • Apartment/Office/Warehouse Sourcing.

Company Registration in South Africa Summary Table

EntitySubsidiary CompanyBranch Company
How Long does the Company registration process Take?15 Days15 Days
How long Does it take to Open Bank Account? 5 Days5 Days
After how Long can you Invoice and Hire 20 Days20 Days
Minimum Number of Directors and Shareholders 2 –
Foreigner Can own the Company 100%YesYes
Can the entity hire expatriate staffYesYes
Tax Identification Registration requiredYesYes
Access to South Africa double Tax treatiesYesYes
Can bid for Government Contracts?YesYes
Can Secure Trade Finance?YesYes
Can Secure an Import and Export Licence?YesYes
Can Easily Convert into a PLC?YesNo
Can Secure Work permits for foreign Employees and Directors?YesYes
Multi Currency Bank Accounts Available?YesYes

 

Kindly Click Here To Contact Us For Additional information on Company Registration in South Africa or to Request for a Quotation.

 

 


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