{"id":693,"date":"2018-07-31T21:22:24","date_gmt":"2018-07-31T21:22:24","guid":{"rendered":"https:\/\/ifa-consulting.com\/?page_id=693"},"modified":"2018-07-31T21:22:24","modified_gmt":"2018-07-31T21:22:24","slug":"south-africa","status":"publish","type":"page","link":"https:\/\/ifa-consulting.com\/en\/services\/overseas-and-offshore-company-formation\/south-africa\/","title":{"rendered":"South Africa"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Company registration in\u00a0South Africa<\/h4>\n<\/th>\n

<\/th>\n<\/tr>\n
Name of service<\/th>\nPackage<\/p>\n

Economy<\/th>\n

Package<\/p>\n

Standard<\/th>\n

Package<\/p>\n

Full<\/th>\n

Package<\/p>\n

Plus<\/th>\n

Package<\/p>\n

Exclusive<\/th>\n

<\/th>\n<\/th>\n<\/tr>\n
Company registration<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n\u00a0 \u00a0 +<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Registration certificate<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Registration of directors and shareholders<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Share certificate<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Registered office and agent<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Stamp of the company<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Apostille of documents<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Nominee director for 1 year<\/td>\n–<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Nominee shareholder\u00a0for 1 year<\/td>\n–<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Issue of The Power of Attorney to one person<\/td>\n–<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Corporate Account in Rietumu bank<\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n+<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Personal account in Latvian bank<\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n–<\/td>\n+<\/td>\n<\/td>\n<\/tr>\n
Total cost<\/td>\n1628 EUR<\/td>\n1893 EUR<\/td>\n2335 EUR<\/td>\n2335 EUR<\/td>\n2335 EUR<\/td>\n<\/td>\n<\/tr>\n
Annual service fee<\/td>\n1628 EUR<\/td>\n1249 EUR<\/td>\n1673 EUR<\/td>\n1673 EUR<\/td>\n1673 EUR<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n
Order<\/div>\n<\/td>\n
\n
Order<\/div>\n<\/td>\n
\n
Order<\/div>\n<\/td>\n
\n
Order<\/div>\n<\/td>\n
\n
Order<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

General information<\/h2>\n
Republic of South Africa is the southern African country. A special feature of the state is the<\/div>\n
<\/div>\n
largest proportion of white and Asian population in Africa. The republic is rich in natural<\/div>\n
<\/div>\n
resources, has a fairly stable and growing economy, and is the only African country represented<\/div>\n
<\/div>\n
in the G20. The territory of the present Republic of South Africa was first colonized in the mid-<\/div>\n
<\/div>\n
17 th century by the Dutch. In the 18 th century as a result of colonial wars territory came under the<\/div>\n
<\/div>\n
control of the British, by whom it is formally controlled until 1961, when the republic declared<\/div>\n
<\/div>\n
its independence and left the British Commonwealth.<\/div>\n
<\/div>\n
One of the major turning points in the history of the Republic of South Africa can be regarded as<\/div>\n
<\/div>\n
coming to power of the National Party in 1948, which has become a symbol of apartheid and<\/div>\n
<\/div>\n
oppression of black people in the country. End of era is associated with the names of Nelson<\/div>\n
<\/div>\n
Mandela and President Frederik de Klerk. Although the overall situation of oppression, life level<\/div>\n
<\/div>\n
of black people remained at a high standard relatively to other African countries, undertaken<\/div>\n
<\/div>\n
measures in the last 20 years began a gradual correction of the situation and have given impetus<\/div>\n
<\/div>\n
to economic growth.<\/div>\n

The most common business entities<\/h2>\n
The most convenient forms of company for international business are:<\/div>\n
<\/div>\n
Public company (PLC), private company (PC) and, in some cases, an international holding<\/div>\n
<\/div>\n
company (IHC)<\/div>\n

Registered capital<\/h2>\n
The authorized capital for a public company is set at 100 thousand rand. The company may<\/div>\n
<\/div>\n
begin commercial activities after pay up of the capital.<\/div>\n
<\/div>\n

The main requirements to the directors and shareholders<\/h2>\n
There are no restrictions on the legal form and \\ or the nationality of directors. PLC must have at<\/div>\n
<\/div>\n
least two directors. Shareholders do not have any restrictions. If among the directors are non-<\/div>\n
<\/div>\n
residents, a \u201cpublic official\u201d must be assigned who is South African resident.<\/div>\n
<\/div>\n
\n

Disclosure of the company\u2019s beneficial to the government bodies<\/h2>\n

Information on the beneficiaries is not disclosed.<\/p>\n<\/div>\n

<\/div>\n

Taxation<\/h2>\n
The standard rate of income tax for companies in Republic South Africa is 29%. The audit is<\/div>\n
<\/div>\n
required in case of excess of income over a certain amount. Even if the company does business<\/div>\n
<\/div>\n
outside South Africa, filing a tax return is obligatory.<\/div>\n
<\/div>\n

Accountancy<\/h2>\n
The company must keep accounting records and store them in registered office of the Company.<\/div>\n
<\/div>\n
Report must be filled in annually.<\/div>\n","protected":false},"excerpt":{"rendered":"

Company registration in\u00a0South Africa Name of service Package Economy Package Standard Package Full Package Plus Package Exclusive Company registration + + + \u00a0 \u00a0 + + Registration certificate + + + + + Registration of directors and shareholders + + + + + Share certificate + + + + + Registered office and agent +…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":530,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages\/693"}],"collection":[{"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/comments?post=693"}],"version-history":[{"count":1,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages\/693\/revisions"}],"predecessor-version":[{"id":694,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages\/693\/revisions\/694"}],"up":[{"embeddable":true,"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/pages\/530"}],"wp:attachment":[{"href":"https:\/\/ifa-consulting.com\/en\/wp-json\/wp\/v2\/media?parent=693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}