South African Ready Made Company

The time it takes to incorporate in South Africa is approximately 2-3 weeks with a number of formalities and procedures to endure if registering a new company. Ready made companies in South Africa are authorised to commence business activities immediately after purchase.

Purchasing a ready made company is a good alternative to registering a new company in South Africa regarding speed and simplicity. As shelf companies have been registered for a number of years it also has a company history, aiding the reputation of your new company right from the moment you take control.

Corporate Benefits

Alongside simplicity and speed to incorporate, purchasing a ready made company offers advantages regarding the company's profile and reputation. All companies have had no business activity since registration, but have been maintained up to accounting and reporting standards. This includes producing annual returns, financial statements, auditors reports and company registers.

The maintaining of company accounts and reports gives the company a stable and positive history, offering the following benefits:

  • Company image and reputation enhances with age and a good reporting history
  • Banks often use previous history as a sign of stability, making loans and other financial products easier to obtain
  • Certain contracts require a fixed business age before bidding is allowed
  • Clients will trust a company with a proven track record more than a newly registered company
  • Suppliers are more likely to conduct business with longstanding companies who have a stable history
  • Investors see age as a sign of risk

Features of a Ready Made Company

  • Never traded or conducted any business activity
  • No debts, liabilities, receivables or obligations
  • Company is fully registered with the relevant authorities in South Africa
  • Memorandum and Articles of Association are fully prepared and submitted
  • Company name is approved and registered
  • Initial share capital is fully paid up
  • Registered company address in South Africa
  • Company registration number
  • Certificate of Incorporation
  • Appointed company auditor in South Africa

Company names have been created with neutral names, such as Investments and Exports, to allow them to be suitable for any business activities. It is possible to change the company name on the same day of purchase if required, but the new name must meet the rules governing company names in South Africa. Many other aspects of the company may also be changed if required - Articles of Association, registered address, company auditor and business objects. This all enables a company to be bought and then crafted to match your exact specifications.

Company Ownership Transfer

On purchasing a ready made company in South Africa, the ownership of the company needs to be transferred from us to the new shareholder(s). This is done through the standard share transfer procedure and contracts in South Africa. Once ownership has been transferred, new share certificates are issued confirming the company ownership.

Shareholders can either be corporations or individuals and may be of any nationality.

Management & Directors

The final stage to finalising your company is appointing new directors. As the incorporation agents we currently hold this position, but upon purchase we issue a directorship resignation and the new directors of your choice are appointed via completing and signing the relevant documents. We are able to complete this process for you if granted Power of Attorney.

Directors may be of any nationality and may be a corporate body or individual, with the details of directors being kept at the Public Registry and available for public inspection.

The new directors will receive all official company documentation including Certificate of Incorporation, Memorandum and Articles of Association and secretarial forms.

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