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Jurisdictions: South Africa
Basic information about the jurisdiction of South Africa
Legal form | Private Company (PTY Limited) |
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Law | Mixed: Dutch and English common law |
Shareholders | The company may have one shareholder, individual or legal entity, resident or non-resident of South Africa. The maximum number of shareholders is 50 people. |
Directors | The company may have one director, resident or non-resident of South Africa. |
Share capital | The minimum size for share capital is not established by law. |
Shares | Only registered shares are allowed to be issued, they cannot be transferred to third parties without the consent of all participants. |
Taxation | Corporate tax for PTY companies in South Africa is: Company resident - 7% Non-resident company - 28% |
Reporting | Company reporting is required. Required: annual report and audit. However, companies are not required to submit financial reports to the Companies Registry. |
* This information is informative, its use in practice requires additional advice on your individual business situation.