Description
On 29 December 2022, the South African government published the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022 including amendments to the Companies Act 71 of 2008 that came into effect on 1 April 2023.
This brought about the submission of beneficial ownership no later than thirty (30) days after incorporation o a new company. You will therefore also have to submit the Beneficial ownership within the next 30 days to avoid penalties or deregistration of this newly formed entity.
We suggest you register a new company with beneficial ownership and offer a reduced fee when you do it all at once.
Reviews
There are no reviews yet.