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.
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;
|Entity||Subsidiary Company||Branch Company|
|How Long does the Company registration process Take?||15 Days||15 Days|
|How long Does it take to Open Bank Account?||5 Days||5 Days|
|After how Long can you Invoice and Hire||20 Days||20 Days|
|Minimum Number of Directors and Shareholders||2||–|
|Foreigner Can own the Company 100%||Yes||Yes|
|Can the entity hire expatriate staff||Yes||Yes|
|Tax Identification Registration required||Yes||Yes|
|Access to South Africa double Tax treaties||Yes||Yes|
|Can bid for Government Contracts?||Yes||Yes|
|Can Secure Trade Finance?||Yes||Yes|
|Can Secure an Import and Export Licence?||Yes||Yes|
|Can Easily Convert into a PLC?||Yes||No|
|Can Secure Work permits for foreign Employees and Directors?||Yes||Yes|
|Multi Currency Bank Accounts Available?||Yes||Yes|
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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