we want to start a company in South Africa and set up a Pty (as setting up CC's seems to become more difficult).
We are doubting either to buy one from the shelf or form a new one. For time reason a shelf company has some advantages.
However, as we understand that if you do buy a property and have not registered the (Pty) before you buy the property and buy it in your names representing (Pty) Ltd to be formed, this has to be written into the articles for the new (Pty) Ltd stating that the new (Pty) Ltd will accept this. For this reason you have to establish a new company and can not buy a shelf company.
Can anybody elaborate a bit on this?
Thanks in advance,