Registration of a company in South-Africa

Name of service Bronze Silver Gold Platinum Brilliant
Company name verification and reservation Verifying the availability and reserving of your preferred company name in the registry.
Company registration with the South African Revenue Service (SARS) Preparation of documents and support in company registration with the South African Revenue Service (SARS)
Company registration (Pty Ltd) including government fees Preparation and submission of all required documents and fees to the relevant government authorities for company registration, ensuring a streamlined process for our clients.
Statutory documents of the company Preparing a comprehensive package of incorporation documents for any form of company ownership.
Number Assistance with a Tax Identification number registration Collecting, preparing and filing the necessary documents for obtaining a Tax Identification Number number at SARS
Company seal Production of the company seal
Services of a local tax representative for 1 (one) year Providing a local tax representative for a South African resident to register with the local tax office and open a local bank account
Services of a local public servant for one (1) year Providing a local civil servant, resident in South Africa, to successfully register a company and open a local bank account
Assistance in opening a corporate bank account in local bank (Standart Bank) Collection, execution and submission of the necessary package of documents for opening a corporate account of the company in a local bank
Assistance in obtaining an import-export license Support in the selection and obtaining the necessary license for the company's business activities outside South Africa.
Assistance with a VAT number obtainment Assistance in obtaining a VAT number for your company, which is necessary for accounting and payment of value added tax in accordance with tax requirements
Local director for one (1) year Provision of a local South African resident director to sign company contracts or open an account with a local bank
Free consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need.
Total cost
1400 USD 4500 USD 5900 USD 7600 USD 9900 USD
Provision of a legal address for 1 (one) year
1200 USD 1200 USD 1200 USD 1200 USD 1200 USD
Remote company registration with transfer of authority
300 USD 300 USD 300 USD 300 USD 300 USD
Accounting services
160 USD 160 USD 160 USD 160 USD 160 USD

Special offer

If you will register a company until December 31,
opening a bank account is for FREE

Send a request
6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Bringing business to the international arena and optimization of taxation are important steps on the way to carry out highly profitable activities. They may be implemented by means of registration of a company in the Republic of South Africa. The country is suitable for conducting export-import activities, the creation of holding companies and other firms. If you are preliminary interested in this jurisdiction, you can establish your business presence here in one of the next forms.

Major Forms of Legal and Business Presence

Realizing an opportunity of establishing your business presence in South Africa is possible in one of the next forms:
  • Proprietary Limited Company – a company that may be incorporated by one shareholder at least who is not liable for the results of the company's performance.
  • Public Limited Company – an enterprise that can involve extra financing from the public by distributing its shares provided that members are also not personally liable for the results of the entity’s operation.
  • Close Corporation – a more simplified form of arranging business compared with the proprietary company where participants are also not liable for the results of the enterprise’s operation. The maximum number of members is 10 for this option.
  • Branch – an option for an overseas company to conduct the same types of commercial activities in South Africa as abroad.
  • Representative Office – an option designated to investigate local business opportunities and promote an overseas company without conducting any commercial transactions in South Africa.

Registration Requirements and Steps

If you think of incorporation a private company in South Africa, you may do this by following these typical stages:
  1. Determining objectives and the types of business activities you are going to carry out.
  2. Selecting, checking, and reserving a commercial name for a prospective entity.
  3. Arranging the details about founders, beneficiary owners, and possible management of the enterprise.
  4. Preparing and formalizing the Memorandum and Articles of Association.
  5. Forming and lodging the package of registration documents.
  6. Registration completion in terms of tax and social security.
  7. Opening a corporate bank account.
  8. Getting extra required licenses and permits.

Legal and Regulatory Framework

The local legal system represents a mix of Dutch civil law, common law, and customary law. The Companies Act is a primary legal act governing the process of establishing and managing enterprises in the Republic of South Africa. The Companies and Intellectual Property Commission is the primary regulatory body in terms of arranging business registration and operation. The Republic of South Africa occupies a good position in the list of countries that are favorable to conduct non-resident business. Loyal legislation opens up various opportunities using which the founders can develop activities and increase profitability.

Advantages of the Jurisdiction

If you are considering an opportunity of the company incorporation in South Africa, these advantages may be potentially reachable to you:
  • Transparent system of taxation with the agreements on avoidance of double taxation signed with 45 countries.
  • Stability and developed infrastructure. In the African continent, South Africa is the richest country with a stable economy. There is a big financial potential and conditions for the development of the profitable activity.
  • Using nominal services. The state allows the use of the services of nominal representatives. It significantly saves time and money.

Tax System of the Republic of South Africa

If you are going to register a company in South Africa, these valuable tax highlights may be of great help:
  • Corporate income tax – 28%
  • Personal income tax – 45 %
  • Value-added tax – 15%
  • Withholding tax (for non-residents) – (I) dividends – 20%, (ii) interests – 15%, (iii) royalties – 15%
  • Capital gains tax – (i) 22.4%, (ii) individual – 18%

How Prifinance Specialists May Assist You

If you are considering an opportunity for company incorporation in South Africa, Prifinance specialists can help you with making all necessary arrangements, completing the incorporation process, and arranging bank account opening. Contact us shortly for more precise assessments and consultations.

Cooperation

Our clients

PRIFINANCE COMPANY
PRIFINANCE COMPANY
4.7
Based on 56 reviews
powered by Google
review us on
I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
Юрий ВалерьевичЮрий Валерьевич
07:50 21 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Анастасия ОдокиенкоАнастасия Одокиенко
11:09 26 Jan 24
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
js_loader
© 2024, PRIFINANCE