Immigration South Africa
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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
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South Africa Business Formation

Types of Business Organisations

Once you have decided to start an own business you have to choose what type of business entity to use.
The following overview should give you a first impression of the different possibilities.

For further information contact us, our expert team will gladly assist you!

Sole Proprietorship
A sole proprietorship is a business that is owned by one individual only. It is the simplest form of business organisation. The business has no existence apart from the owner. The owner undertakes the risks of the business for all assets, whether used in the business or personally owned.

Partnership
A partnership exists between two or more persons. Each person contributes money, property or skill, and expects to share in the profits and losses of the business. A partnership must file an annual information return, but it does not pay income tax.

Close Corporation
The Close Corporation (CC) is ideally suited to small businesses because it is more simplified and flexible than a company. In contrast to a company, the CC act has been so designed that only an individual would be able to draft the papers and register the corporation by her/himself. The members of the close corporation need not have an active part. But usually the members manage the business at same time.

Private Company
A private company – (PTY) Ltd – follows the principle that it is a separate entity and acts in the same separately from its shareholders which are only liable with the amount of their shares. A difference between CC and company is that company’s shareholders may be individuals or corporate bodies. The director(s) is (are) directly responsible for the management and the administrative of the company in the day to day business.

Trust
A trading trust is a form of unincorporated business organisation which holds property and is managed by trustees. Trading trusts are not often used in South Africa today but may be expedient for several types of businesses, for example property development enterprises. The number of trustees of a trading trust is limited to twenty persons.

Section 21 (non-profit organisation)
A Section 21 company acts as "Association not for Gain". This company do not have a share capital. Its members undertake to pay a nominal amount (usually only a few rand) in the event of the Company failing or being placed in liquidation. The main object of a Section 21 company must involve: "promoting religion, arts, sciences, education, charity, recreation, or any other cultural or social activity or communal or group interests". The members may be natural or juristic persons. A Section 21 company must ensure that there are at all times at least 7 members.

Due to the high popularity of CCs and Private Companies we focus on these both types in our following comparison:


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