What is Company Formation

Setting up a South African business requires you to look at the various options for Company Formation. The structure you decide upon can have a profound effect on your future operations and therefore the company formation options requires the business owner to consider a number of options and professional advice should always be sort to ensure informed decision making.

The most popular types of business structures are sole proprietorships and private companies. 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.

All companies must have a Memorandum of Incorporation (MOI) which sets out the rules agreed by the shareholders for the management and maintenance of the business. Private companies may be registered with a standard or a customised MOI.

Sounds complicated? It will take us 5-10 working days to register one of our shelf companies and change the name or register a company with a name of your choice.