1. |
Fordele |
- Not yet widely perceived as a tax haven
- Excellent communications
- Fee anniversary is 12 months from incorporation, not December 31st
|
2. |
Ulemper |
- Because of lack of public registers, ownership can be difficult to prove
- Not recommended for high profile trading operations
|
3. |
Selskabsform |
International Business Company
|
4. |
Selskabslovgivning |
International Business Companies Act, 1994 (Act 24 of 1994)
|
5. |
Selskabsnavne |
A plethora of name endings are available. Certain words are prohibited plus names suggesting the patronage of any Government or country or which are indecent / misleading / objectionable. Name approval takes less than 30 minutes. A name may be reserved for 30 days
|
6. |
Registreringstid |
Within 24 hours - often in under three hours
|
7. |
Kan der tilbydes "skuffeselskaber"?
|
Yes |
8. |
Minimum kapitalkrav |
US$5,000
|
9. |
Capital Duty |
Sliding Scale:
0 - US$5,000: US$100
US$5,001 - US$50,000: US$300
US$50,001 +: US$1,000
Share capital may be expressed in any currency
|
10. |
Minimum number of shareholders
|
One |
11. |
Are bearer shares/shares of no par value possible?
|
Yes / Yes |
12. |
Directors: minimum number / corporate directors allowed / location
|
One / Yes / No restriction |
13. |
Secretary: mandatory / corporate secretary allowed / location
|
No / Yes / No Restriction |
14. |
Is there a requirement for a Registered Office / Registered Agent?
|
Yes / Yes |
15. |
Is any information required by the authorities prior to incorporation or prior to tax status being granted?
|
None |
16. |
What information is available on the public file?
|
Memorandum & Articles of Association / Registered Office & Registered Agent |
17. |
What documents must be kept at the Registered Office?
|
Copies of Register of Members and Register of Director |
18. |
Corporate books and seal
|
The above registers. There is no seal requirement |
19. |
Are accounts required / filed?
|
No / No |
20. |
Is an annual return required?
|
No |
21. |
Where are meetings to be held?
|
No restrictions |
22. |
Annual fees payable to the government: Tax / Annual Return Filing Fee |
Sliding scale, depending on share capital:
0 - US$5,000: US$100
US$5,001 - US$50,000: US$300
US$50,001 +: US$1,000
|
23. |
Are there any exchange controls?
|
No |
24. |
Double tax treaties |
South Africa and China and Indonesia with 19 others in negotiation |
