Can A Non South African Register A Company
There has to be a minimum of three directors which are natural persons. If youre not a South African citizen you can still register a company.
A valid South African identity documentpassport not older than 3 months.
Can a non south african register a company. A foreign company can follow a number of routes to establish a new company in South Africa as set out below. This is the quickest way to register a company. In terms of the Companies Act 2008 a for profit company eg.
Take a look at the following blog post we did. Neither a business visa not an Independent Financial Permit are required if you have a South African partner. The most basic categorization is the division between companies for profit and non-profit companies.
A company is a legal person which has capacity and powers to act on its own. The name of a non-profit company. Link is external with the Companies and Intellectual Property Commission CIPC.
Companies for profit can further be sub-divided into. One of the realities of living in South Africa is the lack of good public transport. Profit companies may be incorporated under different types of companies under the Companies Act.
The board is comprised of executive and non-executive directors. State-owned companies private companies personal liability companies and public companies. Foreign Nationals in South Africa.
A separate legal entity is not incorporated when. With companies in South Africa CIPC does not allow a company to be registered as one of the directors on a Non Profit Company. Private company may be registered with or without a company name while a not for profit company must have a name.
Registering it however can be troublesome. You can register a company as a non-profit company or profit company. The board of directors normally manages a company except in relation to matters specifi cally conferred on other organs by the Companies Act or the articles.
You can register a non-profit company as a. South African residents are automatically loaded on to the National Transport Information System eNaTIS. Email us Tel.
Sub divisions of South African companies. South African companies have a unitary board structure. When a company is registered without a reserved name its registration number automatically becomes the company name with South Africa as the suffix.
Starting a business as a foreigner in South Africa with a South African partner requires you to have either a spousal visa or life partner visa which you can then endorse to set up and run a business. You must a physical street and postal address in South Africa. In most cases an SME can be either a sole proprietorship or a partnership.
A foreign company carrying on not-for-profit activities in South Africa as specified for six months or more must register as an external non-profit company with the Companies Commission Companies Act Section 23. You must not be disqualified as per the companies act to be a director of a company. Getting around means having your own transport so you decide to get yourself a car.
You must be a least 18 years old. A foreign company profit or non-profit may conduct business within South Africa in its own name through a branch office for which it may register itself as an external company within 20 business days of establishing its office. If one of your plans is registering a business in South Africa especially a small business in the form of a small-medium enterprise SME or a startup you will not have to register the entity like a company.
Branch of an offshore incorporated entity as an external company. New incorporation Incorporate a new private limited liability company through registration with the Companies and Intellectual Property Commission CIPC of a Memorandum of Incorporation MOI for the South African subsidiary. The law sees a company in the same light as a natural person.
Please note that we do not require any documents from you the only Company Registration requirements is your SA ID number and address. You would need to draw up an agreement or contract to go into partnership with a private company. 0861 27 3727 South African Registrations.
Home Register a New Company Companies Close Corporations Share Certificate. Standard non-profit company with members standard non-profit company without members customised non-profit company with members customised non-profit company without members.
