FOREIGN SUBSIDIARY SETUP SOUTH AFRICA
The Companies Act, 2008, defines a company that is incorporated outside of South Africa as a “foreign company”. As an alternative to establishing an external company or branch, a foreign company may instead choose to incorporate a subsidiary which will be a legal entity separate from its holding company and capable of entering into agreements in its own name without the assistance of the holding company.
Our multidisciplinary team of chartered accountants (SA) and attorneys are well-placed to provide your company with a roadmap to operate in South Africa. This includes an initial consultation to determine whether Branch or Subsidiary is more suited for your operations, right through to filing annual returns and offering full accounting services.