South Africa

Company registration in South Africa
Name of service	Package Economy	Package Standard	Package Full	Package Plus	Package Exclusive
Company registration	+	+	+	+	+
Registration certificate	+	+	+	+	+
Registration of directors and shareholders	+	+	+	+	+
Share certificate	+	+	+	+	+
Registered office and agent	+	+	+	+	+
Stamp of the company	+	+	+	+	+
Apostille of documents	–	+	+	+	+
Nominee director for 1 year	–	–	+	+	+
Nominee shareholder for 1 year	–	–	+	+	+
Issue of The Power of Attorney to one person	–	–	+	+	+
Corporate Account in Rietumu bank	–	–	–	+	+
Personal account in Latvian bank	–	–	–	–	+
Total cost	1628 EUR	1893 EUR	2335 EUR	2335 EUR	2335 EUR
Annual service fee	1628 EUR	1249 EUR	1673 EUR	1673 EUR	1673 EUR
	Order	Order	Order	Order	Order

General information

Republic of South Africa is the southern African country. A special feature of the state is the

largest proportion of white and Asian population in Africa. The republic is rich in natural

resources, has a fairly stable and growing economy, and is the only African country represented

in the G20. The territory of the present Republic of South Africa was first colonized in the mid-

17 th century by the Dutch. In the 18 th century as a result of colonial wars territory came under the

control of the British, by whom it is formally controlled until 1961, when the republic declared

its independence and left the British Commonwealth.

One of the major turning points in the history of the Republic of South Africa can be regarded as

coming to power of the National Party in 1948, which has become a symbol of apartheid and

oppression of black people in the country. End of era is associated with the names of Nelson

Mandela and President Frederik de Klerk. Although the overall situation of oppression, life level

of black people remained at a high standard relatively to other African countries, undertaken

measures in the last 20 years began a gradual correction of the situation and have given impetus

to economic growth.

The most convenient forms of company for international business are:

Public company (PLC), private company (PC) and, in some cases, an international holding

company (IHC)

The authorized capital for a public company is set at 100 thousand rand. The company may

begin commercial activities after pay up of the capital.

There are no restrictions on the legal form and \ or the nationality of directors. PLC must have at

least two directors. Shareholders do not have any restrictions. If among the directors are non-

residents, a “public official” must be assigned who is South African resident.

Information on the beneficiaries is not disclosed.

The standard rate of income tax for companies in Republic South Africa is 29%. The audit is

required in case of excess of income over a certain amount. Even if the company does business

outside South Africa, filing a tax return is obligatory.

The company must keep accounting records and store them in registered office of the Company.

Report must be filled in annually.