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IBN Group

IBN Recruitment

Work at German Call Center?

We are looking urgently for German speaking Call Center Agents for the wider area of Cape Town! The necessary Work Permit can be organised at the same time.

IBN Offshore

Seychelles (IBC)

The Seychelles recently made a number of amendments to its International Business Companies (IBC) legislation, which will be enforced from 1 January 2013. The key amendments to the Act that clients should be aware of require an IBC to:

- Keep its share register and register of directors (or a copy) in the Seychelles

- Notify its Seychelles Registered Agent of the physical address (may be outside of the jurisdiction) where its minutes and resolutions are kept

- Notify its Seychelles Registered Agent of the physical address (which may be outside of the jurisdiction) where its financial records are kept

Contraventions of the amendments are subject to a daily penalty of USD25. A director of an IBC who knowingly permits a contravention is also subject to the same daily penalty. For any questions, please do not hesitate to contact IBN Offshore at dubai@ibn.co.za!

IBN Licences & Ratings

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IBN Network

Rainbow Cross Border Business Law AG
German South African Chamber of Commerce & Industry
Further links

News Highlight
23rd Apr 2012

BRICS Development Bank gets Green Light

In a first step to set up a development bank as counterweight to the US/EU-led World Bank and the IMF, the Finance Ministers of the BRICS member countries have met up this weekend on sidelines of the annual Spring Meeting of the World Bank and the IMF to discuss this important step.

In their consultations South Africa and other members of BRICS grouping have agreed on Sunday 22 April 2012 to establish a task force to come up with recommendations to set up a developmental bank, a move ...[MORE]

>> IBN News-Archive

Exchange Rates

EUR: 10.61
USD: 8.37
GBP: 13.25
CHF: 8.83
AUD: 8.29
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Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 17.05.2012
Time: 23:15

Capetown:

Temp.: 17 °C / 63 °F
Wind: NNW / 14 kn
Sunrise: 07:05
Sunset: 18:19

Johannesburg:

Temp.: 14 °C / 57 °F
Wind: NWW / 5 kn
Sunrise: 06:14
Sunset: 17:52
IBN - Consulting: Government Grants

Government Grants

South Africa offers a number of interesting government grants to investors. One of the most important programs, which has become increasingly important for the state and the receiver, is the successor to the Small and Medium Enterprise Development Program (SMEDP): the new Enterprise Investment Program (EIP).

This program supports investors in the tourism- and production industries by funding up to 30% of the total investment.

IBN Consulting will advise you on the appropriate application. Our team in co-operation with our specialised network partners prepare the application and follow up on it at the Department of Trade and Industry. IBN scrutinises the government grant contract and ensures that the payment of the grant is finalised and received in time.

Please also consider that there are many other South African government grants, that assist with the import of machinery (_Foreign Investment Grant_, FIG), parttaking in exhibitions or education.