REVEALING BENEFICIAL OWNERSHIP: A GUIDE TO INCORPORATION IN SOUTH AFRICA

Beneficial ownership is becoming increasingly important in the fight against fraud. In South Africa, the Companies and Intellectual Property Commission (CIPC) has implemented a new framework for submitting beneficial owners. Such registration is essential with any legal entity operating in South Africa, and it helps to promote transparency and acco

The Framework governing beneficial ownership within South Africa are designed to promote transparency and mitigate financial crime. A beneficial owner is an individual or organization that ultimately holds control over a business. Identifying these individuals is crucial for legislative purposes and helps shed light on the true stakeholders behind