South Africa, formally named as the Republic of South Africa, is a country placed at the southern edge of Africa and with the neighboring countries of Namibia, Botswana and Zimbabwe. The South Africa today is one of the most sophisticated and promising emerging markets globally and it is the economic powerhouse of Africa. One of the significant reasons for South Africa becoming one of the most popular trade and investment destinations in the world is due to the country guaranteeing that it can meet specific trade and investment requirements of prospective investors. South Africa has a host of investment incentives and industrial financing interventions that are aimed at encouraging commercial activity and its trade rules favor a further expansion in the country’s growing levels of international trade.
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|Type||Limited Liability Company/Branch office|
|Under South African law, foreigners can own||100%|
|Share Capital||ZAR 1|
|Memorandum and Articles of|
|Can the entity hire expatriate staff in|
|Tax Registration Certificate required||Yes|
|Statutory audit required||Yes|
|How long to open Corporate Bank Account||1 week|
|Timeframe to Incorporation||10-14 weeks|
|Access to South Africa|
double tax treaties