South Africa

South Africa is an exciting and growing economy which encourages foreign investment. Companies doing business in South Africa benefit from vast natural resources, modern infrastructure and well-developed financial services. Top sectors include finance, real estate and retail.

IBCF Services in South Africa

Entity Formations and Foreign Registrations

In 2011 the New Companies Act was enacted, allowing six types of companies: private company, sole proprietor, public company, partnership, business trust and non-profit organization. Close Corporations (CC) can no longer be registered, but pre-2011 close corporations can operate as is. Private companies and sole proprietors tend to be the more popular types of entities, but that will of course depend on your business’s needs.

IBCF can serve as your company’s local representative in South Africa, as well as offer annual compliance services to keep your entity in compliance with both the Companies and Intellectual Property Commission (CIPC) as well as with the South African Revenue Services (SARS).

Registered Agent/Registered Office

IBCF can serve as your company’s local representative in South Africa, as well as offer annual compliance services to keep your entity in compliance with both the Companies and Intellectual Property Commission (CIPC) as well as with the South African Revenue Services (SARS).

Document Retrievals (i.e Good Standing, Certified Copy)

We can provide clients with a Good Standing Certificate, directly issued by the from the SARS office.  In addition, our office can assist with obtaining Certified Copies of publicly available documents for third party use from the CIPC office.  The company files in South African are not electronic, so personal visits to the registries are required.

Apostilles/Legalizations

South Africa is party to The Hague Convention allowing any registry certified or notarized document the ability to be Apostilled for use in a country also party to The Hague.  For countries that require further certification at the nearest Consulate of Embassy, IBCF can handle it all!

Due Diligence Searches (i.e Lien, Judgment, Bankruptcy)

IBCF is able to offer various due diligence checks on entities in South Africa for many international transactions.

 

A company search can be conducted at the CIPC office for information which can include, but not limited to, Company Name, Company Registration number, Registered Address, Company Type, plus much more.

 

Searches can be conducted at the South African Deeds Office (which is essentially the immovable property registration office in South Africa) to determine whether interdicts or judgments have been granted over a particular property. It is also possible to conduct searches at the Deeds Office to determine whether interdicts or judgments have been granted against a particular company relating to immovable property owned by that company.

Compliance

IBCF can serve as your company’s local representative in South Africa, as well as offer annual compliance services to keep your entity in compliance with both the Companies and Intellectual Property Commission (CIPC) as well as with the South African Revenue Services (SARS).

Doing business in a foreign jurisdiction is time consuming enough, let alone the corporate governance and reporting that goes with it.

Partnering with IBCF as your single point of contact can assure you that your critical corporate compliance requirements are handled in a timely, expeditious and cost conscious manner.

An overview of our corporate compliance offerings include:

• Manage yearly jurisdictional compliance requirements and information
• Preparation and filing of statutory filings with corporate registry
• Maintenance of corporate information on compliance specific platform
• Due date tracking capabilities
• Maintain company shareholders and minutes
• Prepare board and/or shareholder resolutions
• Prepare and file audit documents related to corporate changes
• Prepare and file director, officer and shareholder changes
• Prepare meeting documents
• Registered Agent/Registered Office
*Availability of Services are subject to change

For additional information and pricing about our corporate compliance offerings, please contact us and a compliance specialist will contact you shortly.

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