EXPLORING BENEFICIAL OWNERSHIP: A GUIDE TO REGISTRATION IN SOUTH AFRICA

Beneficial ownership is becoming increasingly important in the fight against financial crime. In South Africa, the Companies and Intellectual Property Commission (CIPC) has implemented a new framework for registering beneficial owners. Such registration is essential to any legal entity operating in South Africa, and it helps to ensure transparency

The Legislation governing beneficial ownership in South Africa are designed to promote transparency and mitigate financial crime. A beneficial owner is an individual or organization that ultimately holds control over a company. Identifying these individuals is crucial for regulatory purposes and helps shed light on the true stakeholders behind comp