South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is the 18th largest in the world; and a modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region.
South Africa is the highest-ranked African country and third-placed among the BRICS economies in the World Economic Forum’s (WEF’s) 2012 Global Competitiveness Index
Over the past decade, substantial increases in government social service spending have helped reduce poverty, but now the government has begun to place a greater emphasis on infrastructure, employment and economic growth
South Africa’s success in reforming its economic policies is probably best reflected by its GDP figures, which reflected unprecedented 62 quarters of uninterrupted economic growth between 1993 and 2007 when GDP rose by 5.1%
The country is politically stable and has a well-capitalised banking system, abundant natural resources, well-developed regulatory systems as well as research and development capabilities, and an established manufacturing base.
REQUIREMENT TO OPEN A COMPANY
Minimum 1 Director and 1 Shareholder (any nationality)
No Minimum Capital Requirement
Registered Local office address is required
In order to be appointed as the Director of a South African company the individual needs to procure a business permit from SARS
Completed and Signed registration forms.
Details of the owners and directors,
Proof of Identity of the directors and the shareholders
Proof of residential address
Certified copies of Articles and Memorandum of Association
Notice of Incorporation
Preparation of the company By-laws and other necessary documents.
Registration of the Company at CIPC
Services for Registered office address
Opening of Bank Account
Registration for Income Tax, PAYE, UIF and VAT
It takes about 1-2 weeks to incorporate a company in South Africa.