[Question] Company registration with foreign company holding shares

[Heidivf]

Hi

I have been asked to register a new company with the shareholders being a local company and foreign company. The incorporator will be the local company and the initial director of the new company is also the director of the local company.

I have researched to find out if there is any regulations that I need to be aware of where there is a foreign company holding the shares and have found none.

Could someone confirm this for me?

[CLIVE-TRIANGLE]

It depends on the shareholding. Perhaps this document is a starting point:

https://www.saica.co.za/integritax/2000/830_Can_foreign_investors_finance_their_South_African_subsidiary_with_debt_.htm

[Heidivf]

Hi

Thanks.

This is certainly something I will keep in mind