Maltech Africa Business Consultancy & Cross Border Solutions

BENEFICIAL OWNERSHIP RETURNS AND DECLARATIONS (BO/UBO) South Africa | New 'beneficial ownership' reporting requirements for companies The Companies and Intellectual Property Commission (CIPC) recently announced the promulgation of amendments to the Companies Act 71 of 2008, in relation to beneficial ownership. The amendments, in part, give the CIPC a mandate to require companies to file and update Beneficial Ownership information, as and when applicable. Failure to comply with the provisions relating to the beneficial ownership register requirements/beneficial interest register requirements constitutes an offense under the Companies Act; a compliance notice may be issued in the case of noncompliance and an administrative penalty may be imposed. BENEFICIAL-OWNERSHIP DISCLOSURES REQUIRED The Companies and Intellectual Property Commission (CIPC) in South Africa recently announced the promulgation of amendments to the Companies Act 71 of 2008, in relation to beneficial ownership. T...

  Ways to protect your Business idea in South Africa 1. Make Sure You Register Your Business Registering your business would make it eligible to be recognized as a corporate entity with its own assets. It would also give you access to all the necessary licenses that you need to make 2. Trademark your idea Trademarking involves developing a unique phrase, logo, word, design, symbol, or image for your business or product. If anyone decides to use these elements, then you can take legal action against them. Trademarking your product designs, images and logos can keep people from using them without authorization. To trademark your product in South Africa, Talk to us today 3. Copyright Your Work You can protect your creative work by registering it as a copyright. Copyright helps to protect your intellectual property and ideas from unauthorized copying, and prescribes the steps that must be taken should anyone decide to copy your work. 4. Apply for a Pat...

  MALTECH-AFRICA BUSINESS IDEAS COLD STORAGE BUSINESS Cold storage business demand in South Africa is stable and growing, increasing market potential for new businesses. Cold storage is the safest way to store food and other materials that are perishable. Investing in this business will surely bring good outcomes. ADHESIVE AND GUMS BUSINESS Adhesive and gums business demand has always been on a growth trend as it is an industry that's in great demand by companies who provide these products. THE BEER AND WINE INDUSTRY The Beer and Wine industry is one of the fastest-growing industries in South Africa. The demand for artisanal and value-added wines, beers, and spirits is surging at a rapid pace, provided with a market that is currently underserved by large international manufacturers. COSMETICS AND SKINCARE PRODUCTS Demand for cosmetics and skincare products are high in South Africa. There is a growing market for these products as well. The demand is on the rise with ...

  Maltech-Africa Project/Business Identity Services Visit our website or call us for sorting out the questions arising in your mind before starting any business and know which start-up you can plan. We, at Maltech-Africa, endeavor to make business selection a simple and convenient step for any entrepreneur/start-up. Our expert team, by capitalizing on its dexterity and decade-long experience in the field, has created a list of profitable ventures for entrepreneurs who wish to diversify or venture. The list so mentioned is updated regularly to give you a regular dose of new emerging opportunities REASONS FOR BUYING MALTECH-AFRICA REPORT: Our research report helps you get a detailed picture of the industry by providing an overview of the industry along with the market structure and classification. Our report provides a market analysis covering major growth driving factors for the industry, the latest market trends, and the regulatory framework of the industry. Our Report prov...

  ANY FULLY REGISTERED AND OPERATIONAL BUSINESS CAN QUALIFY FOR CREDIT Many of us were raised to believe that credit is bad irrespective of its purpose, but this simply isn’t true, especially in business. When used for things that increase your net worth and generate value, credit can empower you to realize your goals. How to Qualify for a Credit in South Africa? Passport or ID Registered Business Business Bank account 3 months bank statement. Latest salary slip. (Optional) The minimum salary requirement for a credit application is R5 000, and R10 000 for self-employed clients. Income verification: You will need to provide proof of income to demonstrate your ability to repay the credit Proof of Address It's important to note that each bank or shop may have its own specific requirements and criteria for credit applications. It's advisable to check with the specific bank or shop you are interested in to get accurate and up-to-date information on their applic...

  THINGS TO CONSIDER BEFORE APPLYING FOR GOVERNMENT FUNDING Individuals, corporations, and organizations seeking financial assistance to accomplish their aims often find government financing to be a beneficial resource. Whether you want to start a business, perform research, or implement a community project, government financing programmes can help you get started. However, before you begin the application process, you should think about a few things to improve your chances of success. This post will go over some important things to think about before asking for government financing. NGOs, or non-governmental organizations, play a crucial role in addressing social, environmental, and humanitarian issues. While NGOs often rely on private funding and donations, it is important for them to also depend on government funding for several reasons. Firstly, government funding provides stability and sustainability to NGOs, enabling them to plan and execute long-term projects with co...

  SET UP A FOREIGN BRANCH IN SOUTH AFRICA A foreign company may conduct business in South Africa in its own name by establishing a branch office registered as an “external company” or may instead elect to incorporate a wholly-owned subsidiary of the foreign company. Our multidisciplinary team of consultants and chartered accountants (SA) and attorneys are well-placed to provide your company with a roadmap to operate in South Africa. This includes an initial consultation to determine whether Branch or Subsidiary is more suited for your operations, filing annual returns, and offering complete accounting services. FOREIGN BRANCH The Companies Act, of 2008, defines a company that is incorporated outside of South Africa as a “foreign company”. A forei...

  BUSINESSES OWNED BY ZIM & SA DIRECTORS HAVE ADDED ADVANTAGES IF PLANNED WELL. ZIM-SA DIRECTOR/OWNERSHIP BUSINESSES MUST TAKE ADVANTAGE TO GROW AND ESTABLISH. Business Knows no borders, race, or language. Therefore, as Africans, we need to pass that barrier in business. The business between South Africa and Zimbabwe is so big that if we do not see that then we do not know the business. The business relationship between Zim and SA will grow even stronger in the coming years. let it grow with you. Companies that have directors from both countries must prepare the groundwork and start to look and seize the opportunity. Also, companies between the two countries will do Partnerships, Consortiums, Joint Ventures, and Subsidiaries (Zim company must be the subsidiary of SA company. We will assist you in finding better and more profitable opportunities in both countries. BUSINESS ADVANTAGES You can get Tenders in both countries. You can get business finance in both countr...