A limited liability company is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
How Much Does LLC Cost In South Africa
Fees
| Different South Africa entity types | Cost | Draft invoice |
|---|---|---|
| Tax resident LLC | R 194499.55 | View invoice PDF |
| Branch of a foreign company | R 241254.25 | View invoice PDF |
| PLC company | R 291125.93 | View invoice PDF |
| Industrial Development Zone company | R 150082.59 | View invoice PDF |
Can you open an LLC in South Africa?
A South African limited liability company (locally known as a “proprietary limited company” or Pty. Ltd.) can be setup with 1 director and 1 shareholder, both of whom can be foreigners residing abroad. All LLCs must submit an annual return and financial statements to the Companies and Intellectual Commission (CIPC).
Is LLC and Pty Ltd the same?
In Australia, the equivalent to the LLC is called a Proprietary Limited Company or Private Proprietary Company. Understanding the characteristics of this entity type and your obligations is crucial to full corporate compliance in Australia.
How do I set up a Pty Ltd company in South Africa?
How to Register a Company: A Step-By-Step D.I.Y
Step 1: Create an Account. Make your way onto the CIPC eServices website.
Step 2: Name Your Business.
Step 3: Do Your Research – What Type Of Entity Do You Want Registered?
Step 4: Registering Your Company Online.
Step 5: The Final Step.
Can I use Ltd instead of LLC?
LLC, there are minor differences, but they are largely the same. LLCs and Ltds are governed under state law, but the primary difference is Ltds pay taxes while LLCs do not. The abbreviation “Ltd” means limited and is most commonly seen within the European Union and affords owners the same protections as an LLC.