Registration of a Legal Entity and Opening a Bank Account in the Republic of South Africa
ALPINE GROUP assist in company registration and bank account opening for both legal entities and individuals. We are a trusted partner with long-term experience operating in South Africa
The Republic of South Africa is the most economically developed country in Africa
The southernmost country in Africa, it borders Namibia, Botswana, Zimbabwe, Mozambique, and is also washed by the Indian and Atlantic Oceans
South Africa has three capitals: Pretoria (executive), Bloemfontein (judicial), and Cape Town (legislative)
The population is about 63 million people, composed of various ethnic groups
The official currency is the South African rand (ZAR)
Economy of South Africa
- GDP exceeds $380 billion
- Global GDP Ranking: 2nd in Africa, 33rd in the World
- Key sectors: mining and processing industries, agriculture, finance, and services
Trade
Export
Import
- Minerals, machinery, vehicles, and agricultural products
- Key partners: China, the USA, Germany, Japan
Import
- Mechanical engineering, electronics, petroleum products, chemicals
- Key partners: China, Germany, the USA, India
Key factors making RSA attractive for doing business
- High-quality infrastructure and efficient logistics
- The largest presence of multinational corporations in Africa
- The manufacturing hub of the continent
- Profitability of an emerging market
- Favorable access to the African continent
- Innovative and technological hub
- Abundant natural resources
- The leading financial center of Africa
- Availability of a young and trainable workforce
- High quality of life
Cooperation between South Africa and Russia
- Strategic partnership: South Africa is a member of BRICS, contributing to the establishment of close economic ties
- Diplomatic relations between the countries are steadily developing in the areas of trade, defense, and energy
- Visa-free regime between the two countries
Key trading zones
South Africa’s exports to Russia
- Agricultural products: citrus fruits, wine, nuts, and other foodstuffs
- Metals and minerals: platinum, iron, coal
- Chemical and pharmaceutical industry
Russia's exports to South Africa
- Oil and gas – key commodities imported from Russia
- Fertilizers boosting the development of South Africa’s agricultural sector
- Equipment, including industrial machinery and electrical appliances
Services ALPINE GROUP
- Company registration in South Africa
- Opening corporate bank accounts
- Opening bank accounts for private individuals
- Tax and accounting services
- Opening bank accounts for private individuals
- Market entry support for RSA (GR, business matchmaking & facilitation)
Company formation in RSA
Main types of company ownership:
Mandatory company requirements:
Power of Attorney required for banking services and tax authority representation
After company registration, you will receive:
Processing timelines:
Documents:
Client's physical presence in RSA is not required for company registration
- Proprietary Company (Pty) Ltd
- Public Company (Ltd)
Mandatory company requirements:
- Minimum 1 director (may be a foreign national)
- 1 shareholder permitted (individual or legal entity)
- No minimum authorized capital requirements
- Residency in RSA is not mandatory (however, appointing a local director facilitates all registration procedures
Power of Attorney required for banking services and tax authority representation
After company registration, you will receive:
- Complete set of documents
- ·Corporate bank account
- ·Assistance with multi-currency account activation
- ·Tax identification numbers (TIN, VAT, import/export codes)
- ·Local SIM card for banking operations
Processing timelines:
- Company registration – 10 business days
- Tax number issuance – 20 business days
Documents:
- Founder's passport copy
- Proof of residential address
Client's physical presence in RSA is not required for company registration
Corporate bank account opening
The required document package:
Account opening is possible in the following RSA banks:
Currency:
- Passport
- Address verification
- Bank statement
- Company's statutory documents
Account opening is possible in the following RSA banks:
- NedBank
- ABSA
- The Standard Bank
- Capitec
- FNB
Currency:
- ZAR, USD, EUR, GBP, CAD, HKD, JPY, ILS.
Personal bank account opening
The required document package:
The bank also requests information:
The Client's personal presence in South Africa is not required for opening a bank account
- Passport
- Address verification
- Bank statement
The bank also requests information:
- Regarding the purpose of opening the account and expected transactions
- Regarding employment and annual income
- Regarding the method of funds transfer to South Africa
- Regarding the Client's bank accounts outside of Russia
- Regarding the Client's possession of a tax identification number from a foreign country
- Regarding the Client's residence outside of the Russian Federation
The Client's personal presence in South Africa is not required for opening a bank account
Why do clients choose us?
Over 5 years of experience in the South African market.
A qualified team of staff
Presence of our own office in South Africa
Up-to-date solutions in accordance with South African legislation
A personalized approach to each client
We assist in building a business structure that ensures tax efficiency
Our team
-
Sergey Gerasimov
Partner at ALPINE GroupTrustee at ALPINE Private
- Nataliya PushkinaPartner at ALPINE Group
Trustee at ALPINE Private
- Maxim KlyuchnikovPartner at ALPINE Group
Trustee at ALPINE Private
- Daria PushkinaBusiness Development Manager
for CIS and African markets - Artem Emelyanov
Compliance manager
Sergey Gerasimov
Sergey brings over 20 years of professional experience in tax and legal advisory for private capital, currently leading ALPINE Tax's 20+ expert team for the past three years.
His biography includes: 5 years as Managing Partner of ALTHAUS Private Tax (the private client practice within ALTHAUS); 8 years as Partner heading ALTHAUS’s tax practice; 5 years in international tax advisory at BDO and other law firms.
Sergey’s expertise is recognized by leading international and Russian rankings:
Chambers & Partners, International Tax Review (World Tax), The Legal 500, Best Lawyers, Kommersant, and Pravo.ru.
His biography includes: 5 years as Managing Partner of ALTHAUS Private Tax (the private client practice within ALTHAUS); 8 years as Partner heading ALTHAUS’s tax practice; 5 years in international tax advisory at BDO and other law firms.
Sergey’s expertise is recognized by leading international and Russian rankings:
Chambers & Partners, International Tax Review (World Tax), The Legal 500, Best Lawyers, Kommersant, and Pravo.ru.
Nataliya Pushkina
Natalia holds a Master’s degree in Finance and Investments with 15+ years of cumulative international experience across finance, accounting, insurance, and banking sectors.
- Designing bespoke investment solutions tailored to clients’ individual needs, managing investments and financial affairs for HNWIs across CIS and African markets
- Extensive track record in investment projects and structured products
- Wealth management for UAE banking clients (corporate structuring, wealth preservation & planning, citizenship programs, multi-emirate banking relations)
- Asset and capital management expertise in Gulf Cooperation Council (GCC) countries, Africa, and CIS region
Maxim Klyuchnikov
Maxim brings over 20 years of professional experience. Under his leadership, the following key projects were successfully delivered:
- Holding structure development for Transmashholding
- Holding and operational structure design (component supply chain) for Sukhoi Civil Aircraft
- Corporate restructuring of Sovcomflot
- International tax structuring projects for Lukoil
- Tax advisory services for Transneft
- Tax qualification of emission reduction units (ERUs) for Eurochem
- Accounting and tax methodology development for Russia’s wholesale electricity and capacity market
- Corporate structuring of Aviaseals
- 400+ personalized holding structure mechanisms for private clientss
Daria Pushkina
Daria is a seasoned banking professional and a certified expert in "Finance and Credit".
- Specialization in private client services. Currently driving ALPINE Group’s business development in the UAE and RSA.
- Residence permit processing, Dubai bank account openings
- Regular speaker at the NPO "Exporters and Importers Association"
- Industry Recognition:Instrumental in securing *Pravo-300* ranking for ALPINE’s Private Capital practice
Artem Emelyanov
- Holds a law degree with specialization in international law and compliance. Expert in cross-border regulatory matters
- Served as legal and compliance professional for financial/payment services providers, transaction support, AML/KYC policy development and implementation, regulatory risk assessment and cross-border counterparty relations
- Corporate Practice: Comprehensive corporate legal support, including, drafting and reviewing internal policies, corporate governance advisory, liaison with affiliated entities
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Contancts
Телефон:
+7 925 436 18 97 (WhatsApp Russian speaker)
+27 79 967 0747 (WhatsApp English speaker)
Email:
dpushkina@aigroup.ae
pc@aigroup.ae
Адрес:
1st Floor, Dunkeld Place Building, 12 North Road, Dunkeld West, Johannesburg, South Africa
+7 925 436 18 97 (WhatsApp Russian speaker)
+27 79 967 0747 (WhatsApp English speaker)
Email:
dpushkina@aigroup.ae
pc@aigroup.ae
Адрес:
1st Floor, Dunkeld Place Building, 12 North Road, Dunkeld West, Johannesburg, South Africa
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