In South Africa, founding a company can be comparatively swift, unproblematic and affordable. IMCOSA provides assistance with choosing the appropriate legal vehicle and performs the registration, including name reservation and registration of shareholders and directors. The following entities are available:
Close corporation (cc)
- Limited liability of members
- Members can only be natural persons
- Affordable to purchase and maintain, less regulated
- Suitable for Start-Ups and small to medium enterprises
Proprietary Limited ((Pty) Ltd)
- Limited liability of shareholders
- Shareholders can be natural or juristic persons
- Recognized vehicle for medium to large enterprises
Sole Proprietorship
Partnership (based on a partnership agreement)
Public Company
Suitable for listing on the stock exchange
External Company
local branch/subsidiary of foreign company
Trust
for profit or not-for-profit
Company Incorporated in terms of Section 21
not-for-profit
