The South African Reserve Bank (SARB) regulations require that non-resident entities or persons need to obtain a “non-resident” endorsement stamped on the face of the share certificates representing their shareholding in South African entities.
The regulations provide that within 30 days of a person acquiring ownership of shares in a resident company, that person must submit those shares to an authorised dealer, along with additional requirements which will be stipulated upon acceptance of this product.
In the event that the share certificates were not endorsed within the prescribed timeframes, this would constitute a contravention. SARB may, however, authorise the regularisation of such a contravention. The contravention would have to be disclosed to SARB in accordance with the provisions and in the manner prescribed in the Regulations.
Creative CFO can help with this process and will :
For companies requiring an audit, please note that this product does not cover the independent auditors’ written confirmation which will be charged for separately by your auditors
When you check out you may select a quantity of 1 and we will get in touch with a confirmation of what information we will need from you to get started.