Immigration South Africa
Visa South Africa
South Africa Immigration
Permit South Africa

Visas

Intergate Immigration Service has an expert team of immigration consultants and certified Home Affairs practitioners. The team has the latest knowledge on immigration legislation and has well established researched information on expected relocation procedures and changes.

Foreign Exchange

Exchanging money can be a daunting experience. Our well-informed experts can save you avoidable charges. Incompass Financial Solutions will guide you through the exchange process. The experts will advise you on the best solutions, whether it is a lump sum of money or a staggered monthly transaction.

Property

SA Homebuyers has been established with the aim of providing a sophisticated property buyers service. Acting as an independent property consultant, the service provides an unashamed bias towards protecting the buyers interest and assists in securing you the right property, in the right area and at the best price.

Tax

Seeking tax advice is never high up on anyone's shopping list, however the perception that tax advice is a necessary evil is not always correct. Yes it is true that tax advice helps you to comply with legislation and ensures compliance but it can also offer the opportunity to structure your affairs in the most tax advantageous fashion.

Insurance

Whether it is house and home, car insurance, medical aid or commercial cover, Incompass Insurance offers a free and independent assessment on your specific insurance needs. Furthermore, Incompass Insurance is one of the biggest guest house insurance brokers in South Africa.

Banking

Opening up an appropriate bank account in South Africa often proves more difficult than you may think. We are able to provide our clients with advice on local banking, cash accounts for lump sums and Swiss banking.

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  Business Set Up  
Sole Proprietor
Private Company
Close Corporation
Sole Proprietor versus Close Corporation
Private Company versus Close Corporation
South African Branch
Company Formation
Company Formation - Set Up
Company Formation - Registration
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South African Company Formation / Business Set Up

Setting up a South Africa business, (Company Formation), whether as a sole proprietor or forming a Closed Corporation or a Pty Ltd, as the vehicle to incorporate your business are just some of the options open the business person when forming a company in South Africa.

Company formation requires the business owner to consider a number of options and professional advice should always be sort.

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Below we provide some useful information on company formation in South Africa.

Details of the three most popular types of business structures (sole proprietorships, close corporations and private companies) are detailed in these web pages. Please note that should you require a Section 21 company (non profit company) or are setting up a company which has foreign ownership, the decision and advice process is extremely complex. In this instance it is more essential than ever to seek professional advice.

This can be arranged simply by e-mailing us

Sole Proprietor

The sole proprietorship is the simplest and most common form of business, conducted by a single individual owner (the “sole proprietor”). Sole proprietors can conduct business under their own name by simply doing business, for example, as “Jane Jones”. A sole proprietor can also do business under a trade name such as “Jane’s Jet Skis” or “Supreme Skis”.

A sole proprietorship has no limited liability for the owner, and it is therefore important to note that the business owner’s liability includes his own personal assets.

Net profit of the sole proprietorship is viewed as personal income of the business owner and taxed in his personal name according to the income tax tables of South African Income Tax Law.

If a sole proprietor operates under a trade name or fictitious name, the sole proprietor is usually required to file a form (a “trade name certificate”) in the city / province where the business is located.

A sole proprietorship may have employees and is permitted to carry on most types of businesses.

More information is available here at company formation » Sole Proprietorships

Closed Corporations

What is a close corporation?
A close corporation (CC) is similar to a private company as it is a legal entity with its own legal personality, perpetual succession and a tax payer in its own right. The owners of a close corporation are called members. Membership is restricted to natural persons and, under certain conditions, to trusts. Such members do not hold shares but have a member’s interest in the entity. This member’s interest is expressed as a percentage. The minimum number of members is 1 and the maximum number of members allowed is 10. From a taxation perspective, the close corporation is treated in a similar manner as a company. This is a common form of business entity for smaller businesses.

Why Register for a CC?
Small businesses, whose members have a close relationship and want to start up with simple administration and legal procedures, usually register for a CC.

More information is available here at company formation » Closed Corporations

Private Company ((Pty) Limited)

This business entity is treated by law as a separate legal entity and has to register as a tax payer in its own right. It has a separate life from its owners and is required by the Companies Act No 61 of 1973 to perform rights and duties of its own. The owners of a private company are shareholders. A company may not have an interest in a close corporation. The Act restricts the number of shareholders in a private company to a maximum number of 50. The rights and obligations of the shareholders vis-a-vis each other and vis-a-vis the company are set out in a shareholders agreement. The name of a private company must end with the words '(Proprietary) Limited' or '(Pty) Ltd'.

More information is available here at company formation » Private Company

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