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LOWTAX
ONSHORE
SOUTH
AFRICA INFORMATION: BUSINESS, TAXATION AND INVESTMENT
- FOREIGN
INVESTMENT IN SOUTH AFRICA
- By
Caroline Maxwell, London This article examines South Africa's
position in the international investment
community in 2005. We look at the current
business infrastructure, and the country's
strengths, weaknesses, and growth areas.
- INVESTMENT
INCENTIVES IN SOUTH AFRICA
- By Caroline Maxwell, London
In this article we look at some of the
major tax privileged investment opportunities
offered by the South African government
to encourage foreign direct investment.
I am thinking about starting a business. I am a student and as such don't have much money laying around for all the advice. I think my business idea would be highly profitable and would like some advice on incorporating it offshore or onshore. I will probably make a few million ZAR a year which will then rise, if I am right about my idea.:-) With the new tax-avoidance law it doesn't look good to start offshore. At the beginning of the business's life, it will be just me, where I will then later expand in terms of HR. The business will mostly generate income worldwide, not just from South Africa.
Is their tax efficient (tax avoidance - the legal way of avoiding paying too much tax) options for starting my business offshore? (I am a South African citizen, South Africa is my place of residence). Are their options that are tax efficient to starting a business offshore? Will it be possible to remain in RSA and run the business?
Any opinions, websites, books, etc and advice will be welcomed. IsOffshorePossible
Please can you let me know if I bring US $ into South African for invest will I pay tax on the money before I put the investment capital to work? Thank you for your responce. Chris
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