What Is PTY LTD In South Africa?
Property Limited, or its abbreviation (Pty) Ltd, refers to a company that trades for profit, and such a company can exist into perpetuity, irrespective of any shareholder change.
What type of company is Pty Ltd?
Pty Ltd is short for ‘proprietary limited’ and describes a particular type of private company structure commonly used in South Africa.
These private companies are privately owned with a limited number of shareholders. They do not offer their shares to the general public.
What is the difference between Ltd and Pty Ltd in South Africa?
If you’re starting a company, it can be difficult to determine which one applies. Essentially, Pty Ltd is for private companies, and Ltd is for public companies.
How many shares does a Pty Ltd have in South Africa?
Interestingly, however, a (Pty) Ltd company does not have to have any shareholders. It is formed with an authorized capital, usually of 1000 shares.