Endorsement of non-resident share certificates

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.

Administrative relief 

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 :

• Walk you through the process of applying for share endorsement or regularisation
• Review the document checklist and assist with document collection, preparation and advice
• Liaise with your bank’s forex department / private banker on your behalf - We will require your authorisation to do so
• Provide feedback on the process and subsequent  document requirements

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.