A LOWTAX NETWORK INTERNATIONAL BUSINESS SMART TOOL
HOME ABOUT ONLINE GIG TOOL JURISDICTION INFORMATION PROVIDERS ARTICLES & FEATURES

South Africa

South Africa Flag

Country: South Africa
Region: Africa
Currency: Rand (ZAR) (R)
Languages: African, English
Time Zone: UTC +2

Phone Code: +27

Communications: Good

Formation Cost: 2000 - 2800 USD$
Formation Time: 15 - 24 days
Maintenance cost: 800 - 1200 USD$

Executive Summary: South Africa is an economy emerging from the shadow of turmoil and sanctions in the latter part of the period of apartheid. South Africa had until recently experienced solid economic growth, which continued into the world recession in 2008 (GDP growth of 3.1%); however, this reversed in 2009, with the economy shrinking by 1.9%. Growth returned however, and the economy is forecast to have expanded by 1.2% in 2012. What South Arica has in its favour is an abundant supply of natural resources, good rail and road networks connecting to other parts of southern Africa, ports that serve as transit hubs between the Americas, Europe and Asia. There is an established stock exchange and an abundant supply of semi-skilled and unskilled labour. Corporate income tax is above the OECD average, but there is a growing list of investment incentives available to foreign investors, especially for industrial concerns.

Suitable for: Banking, Fund Management, Shipping, Aviation, Yachting, Intellectual Property/Licensing, Holding Companies
Show suitability stats

Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
Hide suitability stats

Vehicle Types: Limited companies, public limited companies, trusts, sole proprietorships, branches, general partnerships and joint ventures

Capital primary business districts: Pretoria, Johannesburg

Good Relationships: Brazil, China, Mauritius, Mexico, United States

Bad Relationships: Burma, Cuba, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Light

Headline tax rates: CIT 12%/33%, PIT 18-40%, VAT 14%

Treaty Jurisdictions: Algeria, Australia, Austria, Belarus, Belgium, Botswana, Brazil, Bulgaria, Canada, China, Congo, Democratic Republic of, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Ethiopia, Finland, France, Germany, Ghana, Greece, Hungary, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Korea, Republic of, Kuwait, Lesotho, Luxembourg, Malawi, Malaysia, Malta, Mauritius, Mexico, Mozambique, Namibia, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Poland, Portugal, Romania, Russia, Rwanda, Saudi Arabia, Seychelles, Singapore, Slovak Republic, Spain, Swaziland, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, Uganda, Ukraine, United Kingdom, United States, Zambia, Zimbabwe

TIEA Jurisdictions: Argentina, Bahamas, Barbados, Belize, Bermuda, Cayman Islands, Cook Islands, Costa Rica, Dominica, Gibraltar, Guernsey, Jersey, Liberia, Liechtenstein, Monaco, San Marino, Samoa

Information Links:

 

 

 

SHARE

Share on FacebookTwitter
linkedin share buttonstumbleDeliciousEmail

FOLLOW

FacebookTwitterGoogle+LinkedInTechnorati

Important Notice: Wolters Kluwer (BSI) Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

All rights reserved. © Wolters Kluwer (BSI) Limited