Registration of
offshore companies
South Africa

South Africa

Forex activities in South Africa are regulated and supervised by the Financial Services Supervisory Authority (FSCA). A Forex broker wishing to offer investment products and advice must be a Financial Service Provider (FSP) in South Africa. Forex brokers who intend to operate a Forex business on a discretionary basis must obtain the appropriate category FSP license: Category I or Category II.

Stages of licensing:

  • Gathering all necessary documents related to your brokerage business, directors and shareholders for KYC verification. 
  • Preparing a business plan.
  • Registration of key persons and representatives.
  • Company registration in South Africa.
  • Obtaining insurance.
  • Opening a bank account with a local bank, depositing capital.
  • Submission of documents to FSCA and support in the process of obtaining a license. 


  • Minimum of 1 director (individuals only).
  • Minimum of 1 shareholder (legal entities or individuals).
  • Minimum of 1 director resident in South Africa.
  • Compliance Officer.
  • Bank account with one of the banks in South Africa.
  • Professional liability insurance required.
  • Passing of regulatory examinations for key persons and representatives.
  • Registered office.


Corporate income tax - 28%.

Capital Gains Tax - 18.6%.


There is no minimum share capital requirement. Brokers must maintain sufficient capital to cover all their liabilities and operating expenses - R5 million (approximately $350,000).

Accounting requirements - financial statements must be filed annually.

Timeframe: from 3-4 months to 1 year.

State fee: approximately 850 USD for Category I.

State fee: approximately 1900 USD for Category II.

The price includes: 

  • FSCA application fee.
  • Compliance Officer.
  • Accountant/Auditor Service.

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