Additional Services
Our additional services are tailored to meet the diverse and evolving needs of your organisation. Whether you require specialised compliance solutions, assistance with tax matters, trust administration, or PAIA compliance.
RANDCO is your trusted partner in navigating the complexities of the Corporate Governance and Regulatory Landscape by providing expert support, and helping you achieve compliance and efficiency.
Choose us to streamline your operations and ensure you meet all necessary obligations.
Navigate The Complexities Of:
Registering with SARS
- Appointment of a Public Officer.
- Registration as a taxpayer.
- Registration for SDL (Skills Development Levy).
- Registration for PAYE (Pay-As-You-Earn).
- Registration for VAT (Value Added Tax).
- Application for tax clearance certificates.
- Application for duplicate VAT, PAYE, or tax certificates.
- Registration with Customs for import and export operations.
Trust Services
- Appointment of a Public Officer.
- Formation and registration of trusts with the Master of the High Court.
- Preparation of trust deeds.
- Maintenance and amendments to trust deeds and trustees.
- Trustee resolutions.
- Appointment as an independent trustee.
- Trust meeting management.
Tax Exemption and Non-Profit Services
- Registration with the Department of Social Development as a Non-Profit Organisation (NPO).
- Registration with the SARS as a Public Benefit Organisation for tax exemption.
- Registration of non-governmental organisations (NGOs).
Promotion of Access to Information Act (PAIA)
- Drafting of appointment documentation for the Information Officer.
- Drafting of manuals in compliance with the Promotion of Access to Information Act.
- Registering Information Officer with the Information Regulator. of trust deeds.
Resident Director Services
While South Africa does not mandate the appointment of a local director, foreign investors often find that having a local director streamlines operations and meets business needs until the company is fully operational.
- Setting up your company
- Assisting in the opening of a bank account. with various mandatory tax offices.
- Registering with various mandatory tax offices.
- Establishing accounting systems and processes.
- Managing annual compliance obligations.
- Providing ongoing accounting and tax advice, effectively acting as your CFO.
Local Representative and Information Officer
Our services extend to providing Local Representatives who play a crucial role in ensuring compliance with local regulations. These roles are essential in maintaining legal and regulatory compliance for your business.
The Companies Act 71 of 2008 requires that a company have a resident individual appointed as the local representative of a foreign company responsible for accepting service on behalf of the company.
Our Approach
Our primary objective is to establish an open and honest relationship with you, comprehensively understanding your business and its financial position. We review your company’s structure and confirm full compliance with South African obligations.
Given the responsibilities and potential personal liability involved, we prepare a fully executed Deed of Indemnity to protect our interests.
Non-Resident Foreign Exchange Applications
SARB regulations require non-resident shareholders to obtain a “non-resident” endorsement on their share/stock certificates. The South African Reserve Bank (SARB) regulations provide that within 30 days of a non-resident person or company acquiring ownership of shares in a resident South African company, that person must submit those shares to an authorised dealer for a non-resident endorsement.
If, in the event that the share certificates were not endorsed within the prescribed timeframes, this would constitute a contravention. Our specialist team can assist with the remedying of the contravention with SARB.
- Applying for endorsement on non-resident share certificate
- Drafting loan agreements when required, considering regulated interest rates.
- Loan application with the South African Reserve Bank (SARB)
- Providing guidance on document collation in line with SARB regulations.
- Offering ongoing feedback on the application process.
- Assisting in obtaining a letter of fair value when necessary.
Bank Account Application for Foreign Residents
Foreign companies looking to establish bank accounts in South Africa can benefit from our expertise. We introduce you to a range of banking institutions and assist in the account opening process.