South Africa

Resident Company

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Company Formation in South Africa

South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by 2,798 kilometers (1,739 mi) of coastline of Southern Africa stretching along the South Atlantic and Indian Oceans, to the north by the neighboring countries of Namibia, Botswana, and Zimbabwe and to the east and northeast by Mozambique and Swaziland and it surrounds the kingdom of Lesotho.

South Africa is the largest country in Southern Africa and the 25th-largest country in the world by land area and, with close to 56 million people, is the world’s 24th-most populous nation. It is the southernmost country on the mainland of the Old World or the Eastern Hemisphere. About 80 percent of South Africans are of Sub-Saharan African ancestry, divided among a variety of ethnic groups speaking different African languages, nine of which have official status. The remaining population consists of Africa’s largest communities of European (White), Asian (Indian), and multiracial ancestry.

The South Africa today is one of the most sophisticated and promising emerging markets globally and it is the economic powerhouse of Africa. One of the significant reasons for South Africa becoming one of the most popular trade and investment destinations in the world is due to the country guaranteeing that it can meet specific trade and investment requirements of prospective investors.

South Africa Limited Liability Companies are not considered as offshore companies as there is no offshore legislation in South Africa.

South Africa has a host of investment incentives and industrial financing interventions that are aimed at encouraging commercial activity and its trade rules favor a further expansion in the country’s growing levels of international trade.

Advantages of company incorporation in South Africa:

Has concluded more than 70 double taxation treaties worldwide. Some forms of income are exempt from tax or qualify for reduced rates under these tax treaties. These include royalties, dividends and capital gains.

Credibility and prestige for your worldwide partners, having your resident non-offshore company;

28% Standard Corporation tax rate. If properly structured, corporate tax can be very well optimized. Dividend withholding tax, which is a tax on the beneficial owner at the standard rate of 15%, is subject to numerous exemptions and a reduction in rate in terms of certain double taxation agreements;

There are no restrictions on foreign Directors or Shareholders;

Board Meetings can be held anywhere in the world;

Well-capitalized banking system, abundant natural resources, well-developed regulatory systems as well as research and development capabilities, and an established manufacturing base.

Nominee services are available;

Summary of South Africa Limited Company and main characteristics:

General Information
Type of companyPrivate Limited Company – Also known as Pty.Ltd.
Corporate LegislationCompanies Act 71 of 2008
TaxationStandard Corporation Tax – 28%
Tax on Dividends – 15%

Standard VAT rate – 15%, for sales to local customers.
CurrencySouth African Rand (ZAR)
Paid up capital requirementPaid up capital required only 1 ZAR
Time zoneUTC +2
Minimum no. required1
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders can be 100% foreign
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredOptional (can provided by Consil Formation)
Local Secretary requiredNo
Registered office requiredYes, local
Share Capital
Standard CurrencyZAR. The Share Capital can be also in US$
Standard Authorized Capital1 ZAR
Minimum paid up capital1 ZAR
Accounting Requirements
Preparation of accountsRequired (can be completed by Consil Formation)
Requirement for auditYes (can be completed by Consil Formation)
Accounts public accessibleYes
Requirement to file Annual ReturnYes (can be completed by Consil Formation)
Further Information
Bearer sharesNo
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Register your South Africa Limited Company

Company Formation – with all services included for the first year: € 6100;

Certificate of Incorporation;

Memorandum and Articles of Association;

Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;

Share Certificate(s);

Authorized Share Capital of 1 ZAR;

Local Registered Office Address;

Registered Agent;

Preparation & Filing of Annual Return;

Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year: 3400

Local Registered Office Address;

Registered Agent;

Preparation & Filing of Annual Return;

Personal manager assistance for the entire period.

Nominee Director – Individual or Corporate as per client’s request: € 850

Nominee Shareholder – Individual or Corporate as per client’s request: € 650

Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements: € 500

Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements: € 450

Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements: € 450

Legalization of Documents:

  • Document Notarization per document: € 500
  • Bundle of documents Notarization;
  • Document Apostillation per document;
  • Bundle of documents Apostillation.

Company Seal: € 100

Company Rubber Stamp: € 150

Bank Account opening service – Quotation based on each particular case;

Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review: € 75/hour

Accounting & Bookkeeping – Quotation based on each particular case.

Starting fee: