Offshore company formation in South Africa for worldwide use. Incorporate your business today offshore in South Africa

Background

• South Africa is an independent country situated in the Southern Region of Africa.
• South Africa (SA) is well known for its human rights activist and erstwhile president Nelson Mandela.
• SA hosted the 1995 Rugby World Cup and the 1996 African Cup of Nations, as well as won the bid for the 2010 Soccer World Cup.
• SA won the 1995 and 2007 Rugby World Cup.
• South Africa maintains diplomatic relations through 254 embassies, consultates, accreditations and organisations in other countries, and through 209 such representations in South Africa. This means that using a South African offshore corporation or offshore company in your country carries with it a good background of international relations.
• SA is a member of SADC, AU, NEPAD, UN, United Nations Conference on Trade and Development (UNCTAD), The Commonwealth, The Non-Aligned Movement, and The World Trade Organization.
• SA has an agreement on Trade, Development and Cooperation with the European Union (EU).
• South Africa is well-represented at the annual World Economic Forum (WEF).
• SA registers / incorporates over 200 000 corporations and companies annually, many of which are used offshore by non-residents.

Offshore Benefits

• Tax Agreements with some 50 countries worldwide:   
• Running your offshore Company / Corporation in a country that has a tax agreement with South Africa means that you pay no (zero) South African tax; you report for tax in the country concerned. This gives you great flexibility in your tax planning. For example, if a South African company buys and sells goods in a customs zone in a free port, then the profits are not taxable and the transactions do not have to be reported to any tax authority.

If no tax agreement

• Running your offshore Company / Close Corporation (CC) in a country that does not have a tax agreement with South Africa, you only pay South African tax on profits: 28% less the tax payable in that country.

Examples:

• If your offshore Company / CC pays 20% tax on profits in your country, you pay 9% tax in South Africa.

• If your offshore Company / CC pays 28% tax on profits in your country, you pay no tax in South Africa.

Offshore Company Naming

• Words needing justification: "Holdings", "Group", "Investments", etc. We can advise you on how to use these words.
• Words needing further description: "Enterprise", "Enterprises", etc. We can advise you on how to use these words.
• Corporations end with "CC" e.g. Kembul CC; Companies end with "(Pty) Ltd" e.g. Bilkovo (Pty) Ltd.

Offshore Shareholding / Membership

• Corporation: at least one individual member - can be SA resident or non-resident.
• Company: at least one individual or corporate shareholder - can be SA resident or non-resident.

Offshore Directorship / Secretarial

• At least one individual director/member - can be SA resident or non-resident.
• Secretary: informal appointment - can be SA resident or non-resident.

Accounting for South African Offshore Companies

• No Annual Financial Statements and Tax Return in SA for offshore companies operating only from tax-agreement countries.
• Annual Financial Statements and Tax Return must be submitted in SA only for offshore companies operating from non-tax-agreement countries (and/or from South Africa).

Offshore Share Capital / Contribution

• Lowest: One SA Rand = R1.00. Standard = R100.00.

Offshore Company Documentation

• Certificate of Incorporation - Official Issue / Notarial Certificate.
• Tax form concerning tax reporting in your country / in South Africa.
• Several other related documents.
• Final offshore company / corporation document with Apostille de La Haye / Certificate of Authentication.

Offshore Supply Timing

• From shelf list - ready-made: +/-1 hour - email. Apostilled final: +/-14 weeks.
• With new name - supplied by you: +/-114 days - email. Apostilled final: +/-14 weeks.

Offshore Pricing
These rates are low in comparison to other offshore company suppliers.

• Offshore Incorporation fee: from US$699.00
• Offshore Annual Turnstile Service fee: from US$599.00 (first year free)
• Offshore Non-tax-agreement audit fees: US$1200.00 (includes ensuing year's Turnstile Service fee)