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Thread: Nominee for a company registration

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    Question Nominee for a company registration

    Hi,
    I am not South Africa`s citizen, but I want to make business here. I need advice: how to register a company with nominee director and I should control 100% of shares?
    Is it possible?
    Maybe there is a consultant in this area?

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    Have u tried searching this forum yet ? Becaus there is quite a bit of info ....

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    Quote Originally Posted by HR Solutions View Post
    Have u tried searching this forum yet ? Becaus there is quite a bit of info ....
    Yes, but as I searched there is a quite little info concerning nominee. The only thing I have found is a company that offers to create offshore company with SA citizen, but I don`t need an offshore.

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    Silver Member Greig Whitton's Avatar
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    Quote Originally Posted by business_girl View Post
    Hi,I am not South Africa`s citizen, but I want to make business here. I need advice: how to register a company with nominee director and I should control 100% of shares?
    Is it possible?
    Yes, it is possible. Directors don't have to be shareholders. So you can register a company with yourself as the sole shareholder and a director who doesn't own any shares.

    Founder of Evergrow - Helping South African business owners grow their business without the growing pains

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    Vanash Naick (01-Jun-17)

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    Red face

    Quote Originally Posted by Greig Whitton View Post
    Yes, it is possible. Directors don't have to be shareholders. So you can register a company with yourself as the sole shareholder and a director who doesn't own any shares.
    Greig,
    And maybe You know some one or a company that offers such services? I really need assistant in this question

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    Silver Member Greig Whitton's Avatar
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    Any reputable auditor can handle the necessary registration for you. There are also some companies (like Swiftreg) that specialise in business registration, but I haven't personally used any of them so I can't comment on their service.

    It sounds like registering a business here in South Africa is just the first step in a bigger plan. If you send me a private message explaining what you are trying to achieve (e.g. what sort of business you want to set up), I can advise you further and share some (hopefully) useful recommendations.

    Founder of Evergrow - Helping South African business owners grow their business without the growing pains

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    Vanash Naick (01-Jun-17)

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    Any reputable auditor can handle the necessary registration for you.
    There are companies in SA that check for names etc and register companies. They are a lot cheaper than auditors ...... I certainly would not go to an auditor to register a company - save the money - you will need it for other things.

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    Unhappy

    Quote Originally Posted by HR Solutions View Post
    There are companies in SA that check for names etc and register companies. They are a lot cheaper than auditors.
    Yeap, auditor sounds expensive, but sometimes it is reasonable. Register companies are quite confusing and offer only offsores

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    Quote Originally Posted by business_girl View Post
    Hi,
    I am not South Africa`s citizen, but I want to make business here. I need advice: how to register a company with nominee director and I should control 100% of shares?
    Is it possible?
    Maybe there is a consultant in this area?
    Hi

    When you control 100% l should think the way is to register with you as a sole director, l am thinking a director with 0% shareholding may not make practical sense.
    Why not consider other directors with 0.1-1% shareholding as an example, you can always fire those.
    In my experience registering companies l am yet to see registered 0.00 % shareholders.

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