The importance of submitting beneficial ownership information.

In South Africa, beneficial ownership refers to the natural person(s) who ultimately own, control, or benefit from a company, even if they are not listed as shareholders or directors. This concept is crucial for enhancing transparency, preventing financial crimes like money laundering, and ensuring compliance with local regulations. According to the Companies Act and related guidelines, companies are required to maintain accurate records of their beneficial owners and report them to the Companies and Intellectual Property Commission (CIPC). This disclosure helps authorities track the true controllers of companies, thereby promoting accountability and integrity within the corporate sector.  We can assist to submit your beneficial ownership for only R250. 

Click here if you would like us to assist.