Starting a business in south africa any help???
Oct 31st 2013, 9:44 am
#1
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Joined: Oct 2013
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Starting a business in south africa any help???
hello I wanted to know if it is possible for a foreigner to use a south african to open a business whilst waiting for your SA ID to come out then claim your shares and rights when your ID comes out???
Oct 31st 2013, 12:38 pm
#2
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Joined: Apr 2007
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Posts: 9,217
Re: Starting a business in south africa any help???
This sounds like a matter for an attorney, and I think needs a legal agreement to be drawn up beforehand if you are considering a partnership.
There are some BEE requirements you would need to consider (based on the size of the company / turnover etc) but being foreign you can open a business without an ID. But - to open a bank account, get credit and property, an ID will make the process much easier.
Oct 31st 2013, 4:02 pm
#3
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Joined: Feb 2005
Posts: 1,881
Re: Starting a business in south africa any help???
What's this "Moderator" thing, Ed. Don't tell me they have let the lunatics take over the asylum!
